Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Bybit+0.011%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$740.739% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.011%, 7d avg −0.020%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.031% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	376.45	0	get 0.0000% / 8h	7m 47s	$10.2M	$15.4M	100x
Short	Phemex TSLAUSDT	376.49	0	get 0.0000% / 4h	7m 47s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.020%: $3.08
Slippage, 4 orders: −$50.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$70.82
Costs to cover: 0.739%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Phemex: live order book, 5 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, 1 min ago	0.53 bp	7.5 bp −$7	12.1 bp −$121	160.1 bp −$16.0K	doesn't fit
Sell Phemex live order book, 5 min ago	1.33 bp	27.4 bp −$27	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	−0.0211%	4h	376.69	+0.065%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	376.45	long leg	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.46	+0.003%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.49	+0.011%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.40	−0.013%	$17.4M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.013%	$200K	$918K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.49	+0.011%	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0022%	8h	376.58	+0.034%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.48	+0.007%	$38K	$36K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.41	−0.011%	$1.2M	$2.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.52	+0.019%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.47	+0.005%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.25	−0.053%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.42	−0.008%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.37	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.23	−0.058%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0057%	8h	376.66	+0.055%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.47	+0.005%	$1.2M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0068%	8h	376.63	+0.048%	$580K	$356K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0069%	1h	376.41	−0.011%	$18K	$195K	10x	as long as short
Binance TSLAUSDT	+0.0087%	8h	376.35	−0.026%	$47.1M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.39	−0.017%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.35	−0.026%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.28	−0.045%	$1.5M	$1.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	−0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.49	+0.011%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.49	+0.011%	$745	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0128%	1h	376.33	−0.032%	$34K	—	20x	as long as short
Lighter TSLA	+0.0144%	1h	376.41	−0.011%	$821K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.072%	$509K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.890%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0234%	1h	376.47	+0.006%	$6K	$91K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.62	+0.044%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.34	−0.029%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0292%	8h	376.69	+0.063%	$850K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.83	+0.101%	$1.3M	$525K	20x	as long as short