Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0044%/8hpaid last 24h −0.002%

Price spread now: QFEX against Binance+0.015%53s7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$250.247% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 1 day (all we have)−0.039%−$4 · spread now +0.015%, 7d avg −0.024%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.039% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.024%. The two prices were read 53 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	376.59	0	get 0.0000% / 8h	4h 23m	$47.2M	$105.4M	25x
Short	QFEX TSLA-USD	376.65	0.0044	get 0.0005% / 1h	23m 39s	$1.2M	$6.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $9.14
Price spread: +0.015% → −0.024%: $3.89
Slippage, 4 orders: −$4.69
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$11.66
Costs to cover: 0.247%
Break-even: 15.9 days

Slippage from Binance: live order book, 8 min ago; QFEX: live order book, 9 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, 8 min ago	0.13 bp	5.4 bp −$5	8.0 bp −$80	26.7 bp −$2,671	doesn't fit
Sell QFEX live order book, 9 min ago	1.86 bp	6.9 bp −$7	7.3 bp −$73	10.4 bp −$1,041	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	−0.0349%	4h	376.05	−0.144%	$397K	$989K	10x	as long as short
Hotstuff TSLA-PERP	−0.0016%	1h	376.53	−0.017%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.54	−0.014%	$596K	$179K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.70	+0.030%	$447K	$10.6M	10x	as long as short
Binance TSLAUSDTlong	0.0000%	8h	376.59	long leg	$47.2M	$105.4M	25x
Bybit TSLAUSDT	0.0000%	8h	376.78	+0.050%	$10.3M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.63	+0.010%	$11.4M	$16.0M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.72	+0.034%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.61	+0.004%	$16.7M	$21.2M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.24	−0.093%	$1.7M	$1.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.32	−0.073%	$200K	$868K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.57	−0.006%	$1.1M	$13K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0016%	1h	376.49	−0.027%	$20K	$184K	10x	as long as short
BloFin TSLA-USDT	+0.0017%	8h	376.54	−0.014%	$540K	$333K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.66	+0.018%	$1.3M	$2.4M	20x	as long as short
QFEX TSLA-USDshort	+0.0044%	1h	376.65	+0.015%	$1.2M	$6.8M	10x
Vest TSLA-USD-PERP	+0.0046%	1h	376.56	−0.009%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.50	−0.025%	$44.0M	$13.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.49	−0.027%	$298K	$282K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.59	−0.001%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.39	−0.054%	$1.6M	$916K	10x	as long as short
RISEx TSLA/USDC	+0.0067%	1h	376.76	+0.044%	$178K	$512K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0072%	1h	375.87	−0.192%	$538K	$281K	10x	as long as short
Nado TSLA-PERP	+0.0075%	1h	376.45	−0.038%	$487K	$88K	20x	as long as short
Bullet TSLA-USD	+0.0084%	1h	376.66	+0.018%	$6K	$90K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.43	−0.043%	$390K	$26K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.45	−0.038%	$1.4M	$147K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.17	−0.378%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.71	+0.031%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.64	+0.011%	$746	—	10x	as long as short
Aftermath Perps TSLAUSD	+0.0114%	1h	375.86	−0.195%	$38K	$51K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0193%	8h	375.49	−0.294%	$842K	$3.1M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.76	+0.044%	$78K	$36K	30x	as long as short
Lighter TSLA	+0.0224%	1h	376.77	+0.047%	$1.1M	$3.9M	20x	as long as short
Phoenix TSLA	+0.0298%	1h	375.70	−0.237%	$1.3M	$213K	20x	as long as short
Arcus TSLA-USD	+0.0364%	1h	376.57	−0.006%	$154K	$85K	10x	as long as short