Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0595%/8h= −65.1% APRpaid last 24h −0.220%

Price spread now: edgeX against Coinbase International−0.033%77s7-day average +0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.340% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.033%, 7d avg +0.093%

Together, before fees−0.123%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and edgeX is 0.125% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.093%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.216% in total (about -11.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TSLA-PERP-INTX	376.33	0.0136	pay 0.0017% / 1h	40m 13s	$506K	$349K	10x
Short	edgeX TSLAUSDC	376.21	−0.0459	pay 0.0229% / 4h	1h 40m	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$124.92
Price spread: −0.033% → +0.093%: −$12.54
Slippage, 4 orders: −$15.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$171.49
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; edgeX: 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 Coinbase International live order book, 3 min ago	2.66 bp	7.9 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	4.26 bp	9.0 bp −$9	12.2 bp −$122	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 TSLAUSDCshort	−0.0459%	4h	376.21	−0.033%	$398K	$1.0M	10x
Aster TSLAUSDT	0.0000%	8h	375.76	−0.150%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.73	−0.160%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.81	−0.138%	$47.2M	$113.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.75	−0.154%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.78	−0.146%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.83	−0.133%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.69	−0.170%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.77	−0.149%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.84	−0.130%	$199K	$918K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	375.82	−0.136%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0010%	8h	375.82	−0.136%	$578K	$355K	20x	as long as short
Hotstuff TSLA-PERP	+0.0016%	1h	375.47	−0.229%	$34K	—	20x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	375.71	−0.165%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.71	−0.165%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.72	−0.162%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.68	−0.173%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.49	−0.223%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.67	−0.175%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.69	−0.170%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.78	−0.146%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.73	−0.159%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.64	−0.183%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.58	−0.199%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.89	−0.117%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.51	−0.218%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.62	−0.190%	$744	—	10x	as long as short
Lighter TSLA	+0.0136%	1h	375.75	−0.154%	$821K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTXlong	+0.0136%	1h	376.33	long leg	$506K	$349K	10x
RISEx TSLA/USDC	+0.0138%	1h	375.83	−0.132%	$214K	$643K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0198%	8h	375.91	−0.112%	$846K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0209%	1h	375.80	−0.140%	$5K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	380.07	+0.994%	$79K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0229%	1h	375.64	−0.183%	$18K	$194K	10x	as long as short
Nado TSLA-PERP	+0.0290%	1h	375.51	−0.217%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.99	−0.090%	$1.3M	$528K	20x	as long as short