Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.030%

Price spread now: Lighter against BloFin−0.016%60s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as 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−$150.154% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.016%, 7d avg −0.022%

Together, before fees−0.047%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 60 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	BloFin TSLA-USDT	376.22	0.0018	pay 0.0018% / 8h	2h 45m	$577K	$353K	20x
Short	Lighter TSLA	376.16	0.0136	get 0.0017% / 1h	45m 53s	$836K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.016%Rate

Funding earned: $24.72
Price spread: −0.016% → −0.022%: $0.57
Slippage, 4 orders: −$3.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $9.88
Costs to cover: 0.154%
Break-even: 4.2 days

Slippage from BloFin: live order book, 45 min ago; Lighter: live order book, 7 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 BloFin live order book, 45 min ago	0.13 bp	6.8 bp −$7	10.7 bp −$107	24.3 bp −$2,431	doesn't fit
Sell Lighter live order book, 7 min ago	0.67 bp	0.7 bp −$1	2.1 bp −$21	32.1 bp −$3,210	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	−0.0899%	4h	376.13	−0.024%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.25	+0.008%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.07	−0.040%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.18	−0.012%	$47.0M	$112.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.01	−0.056%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.17	−0.013%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.13	−0.024%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.15	−0.019%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.26	+0.011%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.14	−0.021%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TSLA-USDTlong	+0.0018%	8h	376.22	long leg	$577K	$353K	20x
Aftermath Perps TSLAUSD	+0.0020%	1h	375.98	−0.064%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0023%	8h	376.22	0.000%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.10	−0.032%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.91	−0.082%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.13	−0.024%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.87	−0.093%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.05	−0.045%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.12	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.94	−0.074%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.20	−0.005%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.24	+0.005%	$289K	$580K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.97	−0.067%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.97	−0.066%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.94	−0.074%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.96	−0.069%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.13	−0.024%	$745	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0112%	1h	375.91	−0.082%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	−0.024%	$511K	$337K	10x	as long as short
Lighter TSLAshort	+0.0136%	1h	376.16	−0.016%	$836K	$3.6M	20x
GRVT TSLA_USDT_Perp	+0.0141%	8h	376.33	+0.029%	$844K	$2.8M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0176%	1h	376.14	−0.021%	$18K	$193K	10x	as long as short
Bullet TSLA-USD	+0.0197%	1h	376.23	+0.001%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.15	+0.247%	$78K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0272%	1h	376.01	−0.056%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.12	−0.027%	$1.3M	$528K	20x	as long as short