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= +19.3% APRpaid last 24h −0.031%

Price spread now: Coinbase International against Gate+0.120%7-day average −0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.120%, 7d avg −0.119%

Together, before fees−0.254%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.238% dearer against Gate than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSLA_USDT	376.27	0	get 0.0000% / 8h	5m 08s	$2.3M	$3.5M	100x
Short	Coinbase International TSLA-PERP-INTX	376.72	0.0176	get 0.0022% / 1h	5m 08s	$509K	$357K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.120%Rate

Funding earned: $36.96
Price spread: +0.120% → −0.119%: $23.85
Slippage, 4 orders: −$18.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $17.35
Costs to cover: 0.435%
Break-even: 3.7 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 33 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 Gate live order book, 3 min ago	1.99 bp	13.2 bp −$13	25.7 bp −$257	doesn't fit	doesn't fit
Sell Coinbase International live order book, 33 min ago	2.79 bp	7.8 bp −$8	10.6 bp −$106	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	−0.0779%	4h	376.38	+0.029%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.32	+0.013%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.34	+0.019%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDTlong	0.0000%	8h	376.27	long leg	$2.3M	$3.5M	100x
Bitget TSLAUSDT	0.0000%	8h	376.34	+0.019%	$17.3M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.36	+0.024%	$200K	$917K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.22	−0.013%	$18K	$195K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.32	+0.013%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0022%	8h	376.49	+0.058%	$575K	$200K	50x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.24	−0.008%	$1.2M	$2.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0032%	1h	376.36	+0.024%	$38K	$36K	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.28	+0.003%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.30	+0.008%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.09	−0.048%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.20	−0.019%	$300K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.19	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.01	−0.069%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0059%	8h	376.24	−0.007%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.24	−0.008%	$1.2M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0072%	8h	376.30	+0.008%	$582K	$356K	20x	as long as short
Binance TSLAUSDT	+0.0087%	8h	376.31	+0.011%	$47.1M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.20	−0.019%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.15	−0.032%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.18	−0.024%	$1.5M	$1.9M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.12	−0.040%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.31	+0.011%	$41K	$23K	20x	as long as short
Hotstuff TSLA-PERP	+0.0104%	1h	376.09	−0.048%	$34K	—	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.30	+0.007%	$745	—	10x	as long as short
Lighter TSLA	+0.0136%	1h	376.22	−0.013%	$819K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0176%	1h	376.72	+0.120%	$509K	$357K	10x
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.938%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0226%	1h	376.31	+0.011%	$6K	$91K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.38	+0.029%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.13	−0.038%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0293%	8h	376.52	+0.066%	$849K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.83	+0.149%	$1.3M	$525K	20x	as long as short