Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0491%/8h= −53.8% APRpaid last 24h +0.005%

Price spread now: Binance against Deribit+0.011%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$260.258% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.170%−$17 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.011%, 7d avg +0.024%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.170% in total (about -12.5% 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	Deribit TSLA_USDC-PERPETUAL	376.08	0.0522	pay 0.0065% / 1h	56m 27s	$18K	$194K	10x
Short	Binance TSLAUSDT	376.12	0.0030	get 0.0030% / 8h	56m 27s	$47.1M	$113.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$103.2
Price spread: +0.011% → +0.024%: −$1.32
Slippage, 4 orders: −$8.83
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$130.36
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Deribit: live order book, 47 min ago; Binance: live order book, 1 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 Deribit live order book, 47 min ago	3.73 bp	7.2 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.13 bp	5.7 bp −$6	7.8 bp −$78	25.4 bp −$2,538	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	−0.0281%	4h	376.00	−0.022%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.01	−0.018%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.08	0.000%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.08	0.000%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.06	−0.005%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.00	−0.021%	$17.2M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.97	−0.029%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.02	−0.016%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.99	−0.024%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0030%	1h	375.83	−0.068%	$38K	$38K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TSLAUSDTshort	+0.0030%	8h	376.12	+0.011%	$47.1M	$113.3M	25x
Lighter RH TSLA	+0.0032%	1h	375.96	−0.032%	$1.3M	$2.5M	20x	as long as short
Extended TSLA_24_5-USD	+0.0032%	1h	375.95	−0.034%	$480K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	375.75	−0.088%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.84	−0.064%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.94	−0.037%	—	$119K	25x	as long as short
BloFin TSLA-USDT	+0.0048%	8h	376.03	−0.013%	$577K	$355K	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.75	−0.088%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.85	−0.061%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.96	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.65	−0.114%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0067%	1h	375.93	−0.040%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.68	−0.107%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.82	−0.069%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.66	−0.112%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.91	−0.045%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.96	−0.032%	$744	—	10x	as long as short
Lighter TSLA	+0.0168%	1h	375.98	−0.027%	$821K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.104%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.920%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0245%	8h	376.09	+0.004%	$849K	$2.8M	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.16	+0.021%	$214K	$643K	20x	as long as short
Bullet TSLA-USD	+0.0295%	1h	376.04	−0.011%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0297%	1h	375.79	−0.077%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	376.10	+0.005%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUALlong	+0.0522%	1h	376.08	long leg	$18K	$194K	10x