Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.040%

Price spread now: Lighter against Bitget+0.016%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$190.185% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.016%, 7d avg −0.047%

Together, before fees+0.040%+ Points / potential airdropLighter: Season 3 · farm board+$4 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 Lighter is 0.063% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TSLAUSDT	375.47	0	get 0.0000% / 8h	7h 21m	$17.3M	$23.4M	100x
Short	Lighter TSLA	375.53	0.0032	get 0.0004% / 1h	21m 34s	$804K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.016%Rate

Funding earned: $6.72
Price spread: +0.016% → −0.047%: $6.34
Slippage, 4 orders: −$6.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.44
Costs to cover: 0.185%
Break-even: 12.7 days

Slippage from Bitget: live order book, 7 min ago; Lighter: 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 Bitget live order book, 7 min ago	0.67 bp	7.4 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.80 bp	2.1 bp −$2	5.8 bp −$58	57.2 bp −$5,722	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
Hotstuff TSLA-PERP	−0.1600%	1h	375.37	−0.027%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0320%	4h	375.34	−0.035%	$395K	$1.1M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.27	−0.052%	$573K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.63	+0.043%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.65	+0.048%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.51	+0.011%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDTlong	0.0000%	8h	375.47	long leg	$17.3M	$23.4M	100x
GRVT TSLA_USDT_Perp	0.0000%	8h	375.38	−0.025%	$845K	$2.9M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	375.58	+0.029%	$199K	$954K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.43	−0.011%	$18K	$191K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	375.49	+0.005%	$1.1M	$15K	10x	as long as short
Variational Omni TSLA	+0.0023%	8h	374.78	−0.183%	$1.7M	$1.4M	—	as long as short
Aftermath Perps TSLAUSD	+0.0028%	1h	374.83	−0.170%	$38K	$35K	10x	as long as short
BloFin TSLA-USDT	+0.0030%	8h	375.38	−0.024%	$583K	$360K	20x	as long as short
Lighter TSLAshort	+0.0032%	1h	375.53	+0.016%	$804K	$3.7M	20x
Lighter RH TSLA	+0.0032%	1h	375.49	+0.005%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.46	−0.003%	$134K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.44	−0.008%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	375.55	+0.021%	$1.2M	$6.2M	10x	as long as short
Extended TSLA_24_5-USD	+0.0048%	1h	375.48	+0.001%	$478K	$2.7M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.40	−0.019%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.22	−0.067%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.43	−0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.25	−0.059%	$1.5M	$1.1M	10x	as long as short
Binance TSLAUSDT	+0.0052%	8h	375.62	+0.040%	$47.1M	$115.3M	25x	as long as short
Bullet TSLA-USD	+0.0098%	1h	375.52	+0.013%	$6K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.40	−0.020%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.30	−0.045%	$1.5M	$2.4M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.08	−0.104%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.51	+0.011%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.50	+0.007%	$743	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.25	−0.059%	$507K	$364K	10x	as long as short
Nado TSLA-PERP	+0.0177%	1h	375.47	0.000%	$498K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.111%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.57	+0.028%	$214K	$655K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	374.80	−0.178%	$1.3M	$507K	20x	as long as short