Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0318%/8h= +34.9% APRpaid last 24h +0.085%

Price spread now: Phoenix against Binance+0.164%95s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs+$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.317% of the position

Long on Binance Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.596%+$60 on $10k

Price spread, last 7 days−0.075%−$7 · spread now +0.164%, 7d avg +0.026%

Together, before fees+0.521%+$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.138% dearer against Binance than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.026%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSLAUSDT	375.68	0	get 0.0000% / 8h	1h 41m	$47.1M	$113.5M	25x
Short	Phoenix TSLA	376.30	0.0318	get 0.0040% / 1h	41m 45s	$1.3M	$528K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.164%Rate

Funding earned: $66.87
Price spread: +0.164% → +0.026%: $13.8
Slippage, 4 orders: −$14.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $48.98
Costs to cover: 0.317%
Break-even: 1.9 days

Slippage from Binance: live order book, 1 min ago; Phoenix: live order book, 6 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, 1 min ago	0.13 bp	5.6 bp −$6	9.9 bp −$99	39.8 bp −$3,980	doesn't fit
Sell Phoenix live order book, 6 min ago	2.92 bp	10.1 bp −$10	20.7 bp −$207	doesn't fit	doesn't fit

TSLA on 36 venues

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	−0.0459%	4h	376.21	+0.139%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0013%	8h	375.87	+0.050%	$577K	$355K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.84	+0.041%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.70	+0.004%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDTlong	0.0000%	8h	375.68	long leg	$47.1M	$113.5M	25x
Bybit TSLAUSDT	0.0000%	8h	375.72	+0.010%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.75	+0.018%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.70	+0.005%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.24	+0.148%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.93	+0.066%	$199K	$918K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.67	−0.003%	$18K	$194K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.82	+0.037%	$1.1M	$14K	10x	as long as short
Gate TSLA_USDT	+0.0002%	8h	375.82	+0.037%	$2.3M	$3.5M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	375.83	+0.039%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.76	+0.021%	$1.3M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.51	−0.046%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.86	+0.047%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.75	+0.018%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.49	−0.051%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.70	+0.005%	$300K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.66	−0.006%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.78	+0.026%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.78	+0.026%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.66	−0.006%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.61	−0.019%	$1.4M	$108K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.89	+0.055%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.82	+0.037%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.73	+0.013%	$744	—	10x	as long as short
Lighter TSLA	+0.0136%	1h	375.76	+0.021%	$821K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.33	+0.172%	$506K	$349K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.88	+0.051%	$214K	$642K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0197%	8h	376.32	+0.169%	$851K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0207%	1h	375.82	+0.037%	$5K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	380.07	+1.168%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0298%	1h	375.63	−0.013%	$488K	$111K	20x	as long as short
Phoenix TSLAshort	+0.0318%	1h	376.30	+0.164%	$1.3M	$528K	20x