Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.007%

Price spread now: Lighter RH against Binance−0.027%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.157% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.027%, 7d avg −0.042%

Together, before fees+0.013%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSLAUSDT	377.03	0.0200	pay 0.0200% / 8h	6h 10m	$47.3M	$114.8M	25x
Short	Lighter RH TSLA	376.93	0.0032	get 0.0004% / 1h	10m 38s	$1.2M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Lighter RHbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$35.38
Price spread: −0.027% → −0.042%: $1.5
Slippage, 4 orders: −$5.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$49.54
Costs to cover: 0.157%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Lighter RH: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	0.13 bp	5.5 bp −$6	10.5 bp −$105	31.9 bp −$3,185	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.73 bp	1.8 bp −$2	2.8 bp −$28	44.8 bp −$4,485	doesn't fit

TSLA on 36 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSLAUSDC	−0.0739%	4h	376.77	−0.068%	$396K	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	−0.0048%	1h	376.76	−0.072%	$34K	—	20x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.13	+0.027%	$10.1M	$14.0M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.02	−0.003%	$11.3M	$15.4M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	377.07	+0.011%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.99	−0.011%	$17.2M	$23.7M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.68	−0.093%	$200K	$958K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.98	−0.013%	$1.1M	$14K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0015%	1h	376.84	−0.050%	$18K	$191K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	376.71	−0.086%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLAshort	+0.0032%	1h	376.93	−0.027%	$1.2M	$2.5M	20x
Arcus TSLA-USD	+0.0040%	1h	376.84	−0.050%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.94	−0.024%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.78	−0.066%	$44.7M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.80	−0.061%	$301K	$137K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.94	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.60	−0.114%	$1.5M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0053%	1h	376.99	−0.011%	$1.3M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.71	−0.085%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.78	−0.066%	$1.4M	$3.5M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.65	−0.101%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.78	−0.066%	$41K	$25K	20x	as long as short
Lighter TSLA	+0.0104%	1h	376.96	−0.019%	$806K	$3.7M	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.03	+0.001%	$747	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	376.58	−0.119%	$517K	$387K	10x	as long as short
Aster TSLAUSDT	+0.0143%	8h	377.01	−0.005%	$575K	$190K	50x	as long as short
RISEx TSLA/USDC	+0.0175%	1h	377.07	+0.012%	$226K	$656K	20x	as long as short
Variational Omni TSLA	+0.0179%	8h	376.75	−0.073%	$1.7M	$1.5M	—	as long as short
Extended TSLA_24_5-USD	+0.0200%	1h	376.91	−0.032%	$484K	$2.7M	10x	as long as short
Binance TSLAUSDTlong	+0.0200%	8h	377.03	long leg	$47.3M	$114.8M	25x
Bullet TSLA-USD	+0.0211%	1h	377.04	+0.003%	$6K	$93K	10x	as long as short
BloFin TSLA-USDT	+0.0220%	8h	377.05	+0.005%	$584K	$367K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.30	+0.072%	$76K	$39K	30x	as long as short
Nado TSLA-PERP	+0.0234%	1h	376.78	−0.066%	$500K	$99K	20x	as long as short
Phoenix TSLA	+0.0297%	1h	377.01	−0.005%	$1.3M	$502K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0643%	8h	377.02	−0.002%	$850K	$2.9M	10x	as long as short