Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.009%

Price spread now: Phemex against BloFin−0.008%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.008%, 7d avg −0.007%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.172%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSLA-USDT	376.24	−0.0024	get 0.0024% / 8h	3h 03m	$577K	$353K	20x
Short	Phemex TSLAUSDT	376.21	0	get 0.0000% / 4h	3h 03m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.008%Rate

Funding earned: $5.05
Price spread: −0.008% → −0.007%: −$0.09
Slippage, 4 orders: −$59.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$79.01
Costs to cover: 0.840%
Break-even: 116.5 days

Slippage from BloFin: live order book, 28 min ago; Phemex: live order book, 4 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, 28 min ago	0.13 bp	6.8 bp −$7	10.7 bp −$107	24.3 bp −$2,431	doesn't fit
Sell Phemex live order book, 4 min ago	1.60 bp	33.8 bp −$34	doesn't fit	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	−0.0038%	4h	376.22	−0.005%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	375.84	−0.106%	$34K	—	20x	as long as short
BloFin TSLA-USDTlong	−0.0024%	8h	376.24	long leg	$577K	$353K	20x
Aster TSLAUSDT	0.0000%	8h	376.24	0.000%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.07	−0.045%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.18	−0.016%	$47.0M	$112.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.12	−0.032%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.12	−0.032%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.21	−0.007%	$289K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.13	−0.029%	$17.1M	$22.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	376.30	+0.016%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.20	−0.011%	$200K	$909K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.21	−0.008%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0020%	1h	376.13	−0.029%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0024%	8h	376.17	−0.019%	$2.3M	$3.6M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.08	−0.043%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.16	−0.021%	$1.2M	$6.2M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.95	−0.077%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.05	−0.050%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.81	−0.114%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.04	−0.053%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.06	−0.048%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.95	−0.077%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0080%	1h	376.12	−0.032%	$838K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.029%	$511K	$337K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.90	−0.091%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.97	−0.072%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.99	−0.066%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.13	−0.029%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.13	−0.030%	$745	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0120%	8h	376.25	+0.003%	$844K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0146%	1h	376.20	−0.011%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	380.08	+1.021%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0233%	1h	375.91	−0.088%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0276%	1h	376.23	−0.003%	$1.3M	$540K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0282%	1h	376.04	−0.053%	$18K	$192K	10x	as long as short