Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.016%

Price spread now: OKX against Deribit+0.029%46s7-day average +0.030% · 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−$250.252% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.183%−$18 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.029%, 7d avg +0.030%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 46 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	377.27	0.0095	pay 0.0012% / 1h	34m 33s	$20K	$187K	10x
Short	OKX TSLA-USDT-SWAP	377.38	0	get 0.0000% / 8h	6h 34m	$11.2M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$19.89
Price spread: +0.029% → +0.030%: −$0.13
Slippage, 4 orders: −$8.19
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$45.2
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Deribit: live order book, 34 min ago; OKX: 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 Deribit live order book, 34 min ago	0.13 bp	9.4 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.13 bp	5.3 bp −$5	7.8 bp −$78	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	−0.0700%	4h	377.11	−0.041%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	377.03	−0.064%	$34K	—	20x	as long as short
BloFin TSLA-USDT	−0.0027%	8h	376.98	−0.077%	$576K	$341K	20x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.44	+0.045%	$513K	$329K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.30	+0.007%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.27	0.000%	$481K	$10.2M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.40	+0.034%	$47.3M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.52	+0.066%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	377.38	+0.029%	$11.2M	$16.7M	25x
RISEx TSLA/USDC	0.0000%	1h	377.41	+0.037%	$292K	$598K	20x	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	0.0000%	8h	377.41	+0.037%	$2.3M	$3.8M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.31	+0.011%	$16.9M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.59	+0.084%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.38	+0.029%	$200K	$908K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.38	+0.028%	$6K	$93K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.42	+0.040%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	377.23	−0.010%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.30	+0.008%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.27	0.000%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.29	+0.005%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.23	−0.011%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.35	+0.021%	—	$130K	25x	as long as short
GRVT TSLA_USDT_Perp	+0.0048%	8h	377.31	+0.011%	$849K	$2.8M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.13	−0.037%	$44.4M	$14.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.19	−0.021%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.27	0.000%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.38	+0.029%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0094%	1h	377.27	0.000%	$491K	$112K	20x	as long as short
Deribit TSLA_USDC-PERPETUALlong	+0.0095%	1h	377.27	long leg	$20K	$187K	10x
Pacifica TSLA	+0.0100%	1h	377.23	−0.011%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.96	−0.082%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.54	+0.072%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.37	+0.027%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.26	−0.003%	$747	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.50	+0.326%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.47	+0.053%	$1.3M	$539K	20x	as long as short