Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.026%

Price spread now: Bybit against Coinbase International+0.168%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.108%−$11 · spread now +0.168%, 7d avg +0.120%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.047% dearer against Coinbase International than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.120%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TSLA-PERP-INTX	375.11	0.0120	pay 0.0015% / 1h	40m 21s	$529K	$328K	10x
Short	Bybit TSLAUSDT	375.74	0	get 0.0000% / 8h	40m 21s	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. 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 Coinbase InternationalbpFee BybitbpOrdersPrice spread, now +0.168%Rate

Funding earned: −$25.2
Price spread: +0.168% → +0.120%: $4.75
Slippage, 4 orders: −$11.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$52.61
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 38 min ago; Bybit: live order book, 3 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 Coinbase International live order book, 38 min ago	3.20 bp	8.9 bp −$9	11.3 bp −$113	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.27 bp	7.7 bp −$8	11.6 bp −$116	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	−0.0442%	4h	375.53	+0.113%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0001%	8h	375.63	+0.139%	$567K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.36	+0.067%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.56	+0.121%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.63	+0.139%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	375.74	+0.168%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.65	+0.144%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.59	+0.128%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.52	+0.109%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.61	+0.133%	$1.9M	$1.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	375.59	+0.128%	$199K	$897K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.61	+0.134%	$5K	$91K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.57	+0.123%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	375.34	+0.063%	$38K	$48K	10x	as long as short
Nado TSLA-PERP	+0.0023%	1h	375.47	+0.095%	$495K	$109K	20x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.55	+0.117%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.58	+0.125%	$651K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.59	+0.128%	$1.2M	$2.6M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.34	+0.061%	$34K	—	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.57	+0.123%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.35	+0.064%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.37	+0.069%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.53	+0.112%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.26	+0.040%	$1.6M	$1.0M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0070%	1h	375.56	+0.120%	$20K	$187K	10x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.44	+0.088%	$165K	$96K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.67	+0.149%	$260K	$573K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.44	+0.088%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.36	+0.067%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.31	+0.053%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.35	+0.064%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.55	+0.117%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTXlong	+0.0120%	1h	375.11	long leg	$529K	$328K	10x
GRVT TSLA_USDT_Perp	+0.0129%	8h	375.66	+0.148%	$842K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.46	+0.360%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.66	+0.147%	$1.3M	$547K	20x	as long as short