Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.046%

Price spread now: QFEX against Gate−0.029%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.038%−$4 on $10k

Price spread, last 7 days−0.038%−$4 · spread now −0.029%, 7d avg −0.063%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.034% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSLA_USDT	376.42	0.0025	pay 0.0025% / 8h	3h 17m	$2.3M	$3.5M	100x
Short	QFEX TSLA-USD	376.31	0.0033	get 0.0004% / 1h	17m 22s	$1.2M	$6.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $1.64
Price spread: −0.029% → −0.063%: $3.36
Slippage, 4 orders: −$14.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$34.34
Costs to cover: 0.393%
Break-even: 153.7 days

Slippage from Gate: live order book, 6 min ago; QFEX: live order book, 6 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, 6 min ago	1.20 bp	13.6 bp −$14	24.1 bp −$241	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.86 bp	6.9 bp −$7	6.9 bp −$69	14.4 bp −$1,444	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	−0.0628%	4h	376.34	−0.021%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0040%	1h	376.03	−0.104%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.39	−0.007%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.25	−0.045%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.39	−0.008%	$47.0M	$112.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.38	−0.011%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.35	−0.019%	$11.3M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.37	−0.015%	$290K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.33	−0.024%	$17.1M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.37	−0.014%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.32	−0.027%	$200K	$895K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.14	−0.074%	$18K	$192K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.33	−0.024%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0012%	8h	376.40	−0.005%	$576K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0018%	1h	376.12	−0.080%	$38K	$40K	10x	as long as short
Gate TSLA_USDTlong	+0.0025%	8h	376.42	long leg	$2.3M	$3.5M	100x
Lighter RH TSLA	+0.0032%	1h	376.26	−0.043%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USDshort	+0.0033%	1h	376.31	−0.029%	$1.2M	$6.2M	10x
Arcus TSLA-USD	+0.0040%	1h	376.08	−0.090%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.26	−0.043%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.04	−0.101%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.16	−0.069%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.22	−0.053%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.07	−0.093%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0056%	1h	376.27	−0.040%	$839K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.077%	$511K	$339K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0096%	8h	376.48	+0.015%	$845K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.09	−0.088%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.15	−0.072%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.17	−0.066%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.20	−0.058%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.17	−0.067%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0123%	1h	376.36	−0.015%	$4K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0216%	1h	376.11	−0.081%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.78	+0.361%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.28	−0.037%	$1.3M	$540K	20x	as long as short