Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0176%/8h= −19.2% APRpaid last 24h −0.008%

Price spread now: Bybit against Deribit+0.056%45s7-day average +0.042% · 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—prices read too far apart to compare

costs, in and out, $10k−$300.304% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.198%−$20 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.056%, 7d avg +0.042%

Together, before fees−0.195%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSLA_USDC-PERPETUAL	376.19	0.0176	pay 0.0022% / 1h	53m 29s	$18K	$194K	10x
Short	Bybit TSLAUSDT	376.40	0	get 0.0000% / 8h	1h 53m	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$36.86
Price spread: +0.056% → +0.042%: $1.38
Slippage, 4 orders: −$12.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$65.87
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Deribit: live order book, 55 min ago; Bybit: 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 Deribit live order book, 55 min ago	0.13 bp	3.6 bp −$4	4.2 bp −$42	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.53 bp	7.2 bp −$7	9.9 bp −$99	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	−0.0071%	4h	376.42	+0.061%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.45	+0.070%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.45	+0.069%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.50	+0.082%	$47.3M	$113.3M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	376.40	+0.056%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.46	+0.072%	$11.2M	$17.0M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.48	+0.077%	$17.1M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.40	+0.056%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.34	+0.040%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.45	+0.069%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TSLA_USDT	+0.0006%	8h	376.50	+0.082%	$2.3M	$3.5M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.27	+0.021%	$38K	$39K	10x	as long as short
BloFin TSLA-USDT	+0.0028%	8h	376.49	+0.080%	$576K	$355K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.39	+0.053%	$1.3M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	376.07	−0.032%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.26	+0.019%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.39	+0.053%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.14	−0.013%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.34	+0.040%	$301K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.32	+0.035%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.07	−0.032%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.42	+0.061%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.17	−0.006%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.16	−0.008%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	+0.008%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.28	+0.024%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.31	+0.031%	$745	—	10x	as long as short
Lighter TSLA	+0.0120%	1h	376.42	+0.061%	$835K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.48	+0.077%	$508K	$347K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	376.54	+0.093%	$214K	$642K	20x	as long as short
Deribit TSLA_USDC-PERPETUALlong	+0.0176%	1h	376.19	long leg	$18K	$194K	10x
GRVT TSLA_USDT_Perp	+0.0187%	8h	376.53	+0.091%	$852K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0208%	1h	376.47	+0.074%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.28	+0.290%	$78K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0304%	1h	376.15	−0.011%	$488K	$110K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	376.62	+0.114%	$1.3M	$528K	20x	as long as short