Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.009%
Price spread now: Polymarket Perps against Coinbase International−0.098%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.098%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.150% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSLA-PERP-INTX | 376.45 | 0.0080 | pay 0.0010% / 1h | 43m 53s | $512K | $330K | 10x |
| Short | Polymarket Perps TSLA-USD | 376.08 | 0.0050 | get 0.0006% / 1h | 43m 53s | $300K | $309K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.3
- Price spread: −0.098% → +0.052%
- −$15.01
- Slippage, 4 orders
- −$10.24
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$49.55
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 9 min ago; Polymarket Perps: 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 Coinbase International live order book, 9 min ago | 2.26 bp | 7.3 bp −$7 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 8 min ago | 0.13 bp | 8.1 bp −$8 | 8.1 bp −$81 | 10.0 bp −$1,001 | 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 | −0.0441% | 4h | 376.30 | −0.039% | $398K | $1.0M | 10x | as long as short |
| BloFin TSLA-USDT | −0.0016% | 8h | 376.32 | −0.035% | $576K | $352K | 20x | as long as short |
| Aster TSLAUSDT | 0.0000% | 8h | 376.39 | −0.016% | $576K | $195K | 50x | as long as short |
| Extended TSLA_24_5-USD | 0.0000% | 1h | 376.20 | −0.067% | $480K | $2.7M | 10x | as long as short |
| Binance TSLAUSDT | 0.0000% | 8h | 376.31 | −0.038% | $47.3M | $111.1M | 25x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 376.35 | −0.027% | $10.3M | $15.4M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 376.21 | −0.064% | $11.2M | $16.8M | 25x | as long as short |
| RISEx TSLA/USDC | 0.0000% | 1h | 376.31 | −0.039% | $290K | $582K | 20x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 376.24 | −0.056% | $17.0M | $22.5M | 100x | as long as short |
| Variational Omni TSLA | 0.0000% | 8h | 376.34 | −0.029% | $1.9M | $1.3M | — | 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 | 376.40 | −0.013% | $200K | $899K | 20x | as long as short |
| Phemex TSLAUSDT | 0.0000% | 4h | 376.50 | +0.013% | $1.1M | $14K | 10x | as long as short |
| Aftermath Perps TSLAUSD | +0.0022% | 1h | 375.96 | −0.130% | $38K | $41K | 10x | as long as short |
| Lighter TSLA | +0.0032% | 1h | 376.25 | −0.053% | $818K | $3.6M | 20x | as long as short |
| Lighter RH TSLA | +0.0032% | 1h | 376.26 | −0.050% | $1.2M | $2.5M | 20x | as long as short |
| QFEX TSLA-USD | +0.0033% | 1h | 376.25 | −0.053% | $1.2M | $6.5M | 10x | as long as short |
| Gate TSLA_USDT | +0.0036% | 8h | 376.31 | −0.037% | $2.3M | $3.5M | 100x | as long as short |
| Arcus TSLA-USD | +0.0040% | 1h | 376.04 | −0.109% | $133K | $106K | 10x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | +0.0043% | 1h | 376.15 | −0.080% | $20K | $189K | 10x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 376.23 | −0.058% | — | $129K | 25x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 375.99 | −0.122% | $44.4M | $14.6M | 20x | as long as short |
| Polymarket Perps TSLA-USDshort | +0.0050% | 1h | 376.08 | −0.098% | $300K | $309K | 10x | |
| SoDEX TSLA-USD | +0.0050% | 1h | 376.20 | −0.066% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 376.12 | −0.088% | $1.6M | $1.1M | 10x | as long as short |
| GRVT TSLA_USDT_Perp | +0.0058% | 8h | 376.13 | −0.086% | $850K | $2.8M | 10x | as long as short |
| Bullet TSLA-USD | +0.0080% | 1h | 376.29 | −0.043% | $5K | $90K | 10x | as long as short |
| Hotstuff TSLA-PERP | +0.0080% | 1h | 375.97 | −0.128% | $34K | — | 20x | as long as short |
| Coinbase International TSLA-PERP-INTXlong | +0.0080% | 1h | 376.45 | long leg | $512K | $330K | 10x | |
| Pacifica TSLA | +0.0100% | 1h | 376.06 | −0.102% | $390K | $38K | 10x | as long as short |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 376.17 | −0.074% | $1.5M | $105K | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 376.12 | −0.088% | $4K | $62K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 376.07 | −0.101% | $41K | $23K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 376.19 | −0.069% | $745 | — | 10x | as long as short |
| Nado TSLA-PERP | +0.0200% | 1h | 376.10 | −0.092% | $489K | $112K | 20x | as long as short |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 377.31 | +0.228% | $78K | $36K | 30x | as long as short |
| Phoenix TSLA | +0.0276% | 1h | 376.38 | −0.019% | $1.3M | $540K | 20x | as long as short |
Coinbase International TSLA-PERP-INTX
Polymarket Perps TSLA-USD
edgeX TSLAUSDC
BloFin TSLA-USDT
Aster TSLAUSDT
Extended TSLA_24_5-USD
Binance TSLAUSDT
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
RISEx TSLA/USDC
Bitget TSLAUSDT
Variational Omni TSLA
StandX TSLA-USD
Phemex TSLAUSDT
Aftermath Perps TSLAUSD
Lighter TSLA
Lighter RH TSLA
Gate TSLA_USDT
Deribit TSLA_USDC-PERPETUAL
tradeXYZ xyz:TSLA
SoDEX TSLA-USD
GRVT TSLA_USDT_Perp
Bullet TSLA-USD
Pacifica TSLA
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Injective TSLA/USDC PERP
Phoenix TSLA