Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.011%

Price spread now: Phemex against Deribit+0.027%7-day average +0.022% · 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−$83as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on Deribit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.204%−$20 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.027%, 7d avg +0.022%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSLA_USDC-PERPETUAL	376.59	0.0388	pay 0.0048% / 1h	34m 37s	$18K	$195K	10x
Short	Phemex TSLAUSDT	376.69	0	get 0.0000% / 4h	34m 37s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$81.42
Price spread: +0.027% → +0.022%: $0.5
Slippage, 4 orders: −$64.85
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$164.76
Costs to cover: 0.838%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; Phemex: live order book, 3 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, 4 min ago	3.98 bp	7.5 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.99 bp	33.3 bp −$33	doesn't fit	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	−0.0608%	4h	376.65	+0.015%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.79	+0.053%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.76	+0.045%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.72	+0.035%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.67	+0.021%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.41	−0.048%	$200K	$922K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.69	+0.027%	$1.1M	$14K	10x
Aster TSLAUSDT	0.0000%	8h	376.53	−0.016%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0031%	1h	376.54	−0.012%	$38K	$37K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.62	+0.008%	$1.3M	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	+0.0036%	8h	376.58	−0.002%	$1.9M	$1.3M	—	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.47	−0.032%	$135K	$108K	10x	as long as short
BloFin TSLA-USDT	+0.0045%	8h	376.74	+0.040%	$577K	$356K	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.57	−0.005%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.50	−0.024%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.46	−0.035%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.63	+0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.27	−0.085%	$1.6M	$1.1M	10x	as long as short
Extended TSLA_24_5-USD	+0.0064%	1h	376.67	+0.020%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0067%	8h	376.83	+0.064%	$47.2M	$113.5M	25x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.63	+0.011%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.56	−0.008%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.47	−0.032%	$1.5M	$335K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.39	−0.053%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.35	−0.064%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.63	+0.011%	$746	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0112%	1h	376.39	−0.053%	$34K	—	20x	as long as short
Lighter TSLA	+0.0168%	1h	376.66	+0.019%	$823K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.239%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.852%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.80	+0.056%	$215K	$651K	20x	as long as short
Bullet TSLA-USD	+0.0266%	1h	376.64	+0.013%	$6K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0278%	8h	376.78	+0.050%	$851K	$2.8M	10x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.36	−0.060%	$489K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUALlong	+0.0388%	1h	376.59	long leg	$18K	$195K	10x
Phoenix TSLA	+0.0404%	1h	376.85	+0.069%	$1.3M	$525K	20x	as long as short