Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Bybit0.000%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days−0.009%−$1 · spread now 0.000%, 7d avg −0.047%

Together, before fees+0.053%+ Points / potential airdropLighter RH: Points live · farm board+$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 Lighter RH is 0.047% dearer against Bybit than usual: you sell high and buy low: +$5 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	Bybit TSLAUSDT	378.70	0	get 0.0000% / 8h	4h 54m	$10.3M	$14.3M	100x
Short	Lighter RH TSLA	378.70	0.0032	get 0.0004% / 1h	54m 25s	$1.2M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.72
Price spread: 0.000% → −0.047%: $4.72
Slippage, 4 orders: −$9.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.68
Costs to cover: 0.201%
Break-even: 16.0 days

Slippage from Bybit: live order book, 2 min ago; Lighter RH: live order book, 2 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, 2 min ago	0.13 bp	8.1 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	0.13 bp	0.5 bp $0	1.3 bp −$13	41.2 bp −$4,119	doesn't fit

TSLA on 36 exchanges

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	378.45	−0.066%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0985%	4h	378.19	−0.135%	$400K	$1.1M	10x	as long as short
Injective TSLA/USDC PERP	−0.0220%	1h	377.60	−0.290%	$73K	$42K	30x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	378.70	long leg	$10.3M	$14.3M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	378.74	+0.011%	$11.4M	$15.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.75	+0.013%	$2.3M	$3.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.71	+0.003%	$17.4M	$24.6M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.58	−0.032%	$201K	$997K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	378.58	−0.032%	$18K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	378.78	+0.021%	$1.1M	$15K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0023%	1h	378.31	−0.103%	$38K	$37K	10x	as long as short
Lighter RH TSLAshort	+0.0032%	1h	378.70	0.000%	$1.2M	$2.3M	20x
Lighter TSLA	+0.0040%	1h	378.69	−0.003%	$813K	$3.0M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	378.63	−0.018%	$133K	$85K	10x	as long as short
QFEX TSLA-USD	+0.0042%	1h	378.63	−0.018%	$1.2M	$6.3M	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.65	−0.013%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	378.47	−0.061%	$44.9M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	378.48	−0.058%	$301K	$139K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	378.28	−0.111%	$1.6M	$1.2M	10x	as long as short
RISEx TSLA/USDC	+0.0074%	1h	378.75	+0.012%	$229K	$631K	20x	as long as short
SoDEX TSLA-USD	+0.0076%	1h	378.67	−0.008%	$4K	$3K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	378.50	−0.053%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	378.37	−0.087%	$1.4M	$4.5M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.14	−0.148%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	378.68	−0.005%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.76	+0.015%	$750	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	378.12	−0.153%	$520K	$385K	10x	as long as short
Aster TSLAUSDT	+0.0118%	8h	378.63	−0.019%	$577K	$200K	50x	as long as short
Bullet TSLA-USD	+0.0123%	1h	378.76	+0.016%	$6K	$94K	10x	as long as short
Variational Omni TSLA	+0.0145%	8h	378.46	−0.062%	$1.7M	$1.5M	—	as long as short
BloFin TSLA-USDT	+0.0154%	8h	378.79	+0.024%	$594K	$378K	20x	as long as short
Binance TSLAUSDT	+0.0173%	8h	378.75	+0.013%	$47.6M	$115.4M	25x	as long as short
Extended TSLA_24_5-USD	+0.0176%	1h	378.62	−0.022%	$483K	$2.7M	10x	as long as short
Nado TSLA-PERP	+0.0200%	1h	378.52	−0.048%	$502K	$99K	20x	as long as short
Phoenix TSLA	+0.0360%	1h	378.38	−0.084%	$1.3M	$520K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0388%	8h	378.42	−0.074%	$852K	$2.9M	10x	as long as short