Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1600%/8h= +175.2% APRpaid last 24h +0.093%

Price spread now: Phemex against Hotstuff+0.225%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Phemex is 0.225% dearer against Hotstuff than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff TSLA-PERP	377.25	−0.1600	get 0.0200% / 1h	45m 12s	$34K	—	20x
Short	Phemex TSLAUSDT	378.10	0	get 0.0000% / 4h	1h 45m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Hotstuff. 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 HotstuffbpFee PhemexbpOrdersPrice spread, now +0.225%Rate

Funding earned: $336
Price spread: +0.225% → 0.000%: $22.53
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: $341.53
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, just now. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Phemex live order book, just now	0.53 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TSLA on 36 exchanges

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
Hotstuff TSLA-PERPlong	−0.1600%	1h	377.25	long leg	$34K	—	20x
edgeX TSLAUSDC	−0.0246%	4h	378.54	+0.342%	$399K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.28	+0.273%	$10.2M	$14.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.32	+0.284%	$11.3M	$15.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.38	+0.300%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.20	+0.252%	$17.3M	$24.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.46	+0.321%	$201K	$967K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	378.00	+0.199%	$18K	$190K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	378.10	+0.225%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0023%	1h	378.25	+0.266%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	378.15	+0.239%	$1.2M	$2.5M	20x	as long as short
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	+0.053%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	378.17	+0.244%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.34	+0.289%	—	$126K	25x	as long as short
Lighter TSLA	+0.0048%	1h	378.15	+0.239%	$808K	$3.6M	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	378.00	+0.199%	$44.9M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	378.02	+0.204%	$301K	$136K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	378.18	+0.247%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.88	+0.167%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USD	+0.0051%	1h	378.22	+0.257%	$1.3M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	378.21	+0.254%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	378.16	+0.241%	$1.4M	$3.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.60	+0.358%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	378.21	+0.254%	$41K	$25K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.19	+0.250%	$749	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.89	+0.170%	$519K	$384K	10x	as long as short
Bullet TSLA-USD	+0.0122%	1h	378.29	+0.276%	$4K	$93K	10x	as long as short
Aster TSLAUSDT	+0.0137%	8h	378.50	+0.332%	$577K	$200K	50x	as long as short
Variational Omni TSLA	+0.0168%	8h	378.49	+0.328%	$1.7M	$1.5M	—	as long as short
Nado TSLA-PERP	+0.0174%	1h	378.22	+0.256%	$502K	$99K	20x	as long as short
BloFin TSLA-USDT	+0.0189%	8h	378.44	+0.315%	$588K	$373K	20x	as long as short
Extended TSLA_24_5-USD	+0.0192%	1h	378.16	+0.241%	$483K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0194%	8h	378.23	+0.261%	$47.5M	$115.5M	25x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.42	+0.310%	$229K	$656K	20x	as long as short
Phoenix TSLA	+0.0360%	1h	378.87	+0.429%	$1.3M	$484K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0524%	8h	378.91	+0.441%	$857K	$2.9M	10x	as long as short