Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.039%

Price spread now: Lighter against Bybit−0.019%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 7 days−0.028%−$3 · spread now −0.019%, 7d avg −0.051%

Together, before fees+0.096%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.033% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	376.73	0	get 0.0000% / 8h	34m 46s	$10.2M	$15.3M	100x
Short	Lighter TSLA	376.66	0.0168	get 0.0021% / 1h	34m 46s	$823K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.019%Rate

Funding earned: $35.28
Price spread: −0.019% → −0.051%: $3.28
Slippage, 4 orders: −$5.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: $22.28
Costs to cover: 0.163%
Break-even: 2.6 days

Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 8 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 Bybit live order book, 4 min ago	0.53 bp	7.4 bp −$7	11.3 bp −$113	152.6 bp −$15.3K	doesn't fit
Sell Lighter live order book, 8 min ago	0.13 bp	0.1 bp $0	2.2 bp −$22	35.1 bp −$3,511	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	−0.0608%	4h	376.65	−0.022%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	376.73	long leg	$10.2M	$15.3M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.60	−0.035%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.62	−0.029%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.67	−0.016%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.41	−0.085%	$200K	$922K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.69	−0.011%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.44	−0.076%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0031%	1h	376.54	−0.050%	$38K	$37K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.62	−0.029%	$1.3M	$2.5M	20x	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	+0.0036%	8h	376.58	−0.039%	$1.9M	$1.3M	—	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.47	−0.069%	$135K	$108K	10x	as long as short
BloFin TSLA-USDT	+0.0045%	8h	376.74	+0.003%	$577K	$356K	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.57	−0.042%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.50	−0.061%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.46	−0.072%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.63	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.27	−0.122%	$1.6M	$1.1M	10x	as long as short
Extended TSLA_24_5-USD	+0.0064%	1h	376.62	−0.029%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0067%	8h	376.75	+0.005%	$47.1M	$113.5M	25x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.54	−0.050%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.30	−0.115%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.44	−0.077%	$1.5M	$335K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.39	−0.090%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.35	−0.101%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.63	−0.026%	$746	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0112%	1h	376.44	−0.077%	$34K	—	20x	as long as short
Lighter TSLAshort	+0.0168%	1h	376.66	−0.019%	$823K	$3.7M	20x
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.276%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.815%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.74	+0.001%	$215K	$651K	20x	as long as short
Bullet TSLA-USD	+0.0266%	1h	376.64	−0.024%	$6K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0278%	8h	376.78	+0.013%	$851K	$2.8M	10x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.36	−0.097%	$489K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0388%	1h	376.59	−0.037%	$18K	$195K	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.85	+0.032%	$1.3M	$525K	20x	as long as short