Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.200%

Price spread now: OKX against edgeX−0.096%51s7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.312% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days+0.141%+$14 · spread now −0.096%, 7d avg +0.038%

Together, before fees+0.217%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.134% cheaper against edgeX than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.038%). If the spread goes back, that is −$13 on $10k: about 2.1 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.076% in total) that is about 12 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% 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	edgeX TSLAUSDC	376.69	−0.0211	get 0.0105% / 4h	6m 41s	$398K	$1.0M	10x
Short	OKX TSLA-USDT-SWAP	376.33	0	get 0.0000% / 8h	6m 41s	$11.2M	$16.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against edgeX. 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 edgeXbpFee OKXbpOrdersPrice spread, now −0.096%Rate

Funding earned: $44.23
Price spread: −0.096% → +0.038%: −$13.39
Slippage, 4 orders: −$12.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$0.34
Costs to cover: 0.312%
Break-even: 7.1 days

Slippage from edgeX: live order book, 2 min ago; OKX: live order book, 2 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 edgeX live order book, 2 min ago	4.25 bp	9.0 bp −$9	12.1 bp −$121	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.13 bp	7.1 bp −$7	11.4 bp −$114	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 TSLAUSDClong	−0.0211%	4h	376.69	long leg	$398K	$1.0M	10x
Bybit TSLAUSDT	0.0000%	8h	376.38	−0.083%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	376.33	−0.096%	$11.2M	$16.9M	25x
Gate TSLA_USDT	0.0000%	8h	376.28	−0.110%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.31	−0.102%	$17.3M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.078%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.42	−0.072%	$1.1M	$14K	10x	as long as short
Hotstuff TSLA-PERP	+0.0008%	1h	376.11	−0.155%	$34K	—	20x	as long as short
Aster TSLAUSDT	+0.0022%	8h	376.54	−0.041%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.41	−0.076%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	376.25	−0.118%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.44	−0.067%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.34	−0.094%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.10	−0.157%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.29	−0.107%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.28	−0.110%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.04	−0.173%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0057%	8h	376.66	−0.009%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.31	−0.102%	$1.2M	$6.2M	10x	as long as short
Binance TSLAUSDT	+0.0087%	8h	376.31	−0.102%	$47.1M	$114.7M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.30	−0.104%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.08	−0.162%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.15	−0.144%	$1.5M	$1.9M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	−0.096%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.14	−0.147%	$41K	$23K	20x	as long as short
BloFin TSLA-USDT	+0.0100%	8h	376.61	−0.022%	$580K	$356K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.38	−0.084%	$745	—	10x	as long as short
Lighter TSLA	+0.0136%	1h	376.23	−0.123%	$819K	$3.7M	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0149%	1h	376.25	−0.118%	$18K	$195K	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.007%	$509K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.825%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0233%	1h	376.39	−0.081%	$6K	$91K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.48	−0.057%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.12	−0.153%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0292%	8h	376.69	−0.001%	$850K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.83	+0.036%	$1.3M	$525K	20x	as long as short