Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.053%

Price spread now: Binance against Injective−0.201%77s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.402%−$40 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.201% cheaper against Injective than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TSLA/USDC PERP	378.09	0.0220	pay 0.0028% / 1h	25m 57s	$79K	$36K	30x
Short	Binance TSLAUSDT	377.33	0	get 0.0000% / 8h	5h 25m	$47.4M	$110.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −0.201%Rate

Funding earned: −$46.2
Price spread: −0.201% → 0.000%: −$20.1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.32
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Binance: live order book, 2 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.13 bp	6.4 bp −$6	10.2 bp −$102	27.8 bp −$2,783	doesn't fit

Injective: 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 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	−0.0830%	4h	377.36	−0.194%	$399K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0008%	8h	377.33	−0.201%	$577K	$340K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.29	−0.212%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.23	−0.228%	$480K	$6.9M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	377.33	−0.201%	$47.4M	$110.6M	25x
Bybit TSLAUSDT	0.0000%	8h	377.39	−0.185%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.26	−0.220%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.32	−0.203%	$290K	$599K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.24	−0.225%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.27	−0.217%	$1.9M	$1.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSLA_USDT_Perp	0.0000%	8h	377.39	−0.184%	$846K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	377.26	−0.220%	$200K	$909K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.14	−0.251%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.12	−0.257%	$513K	$330K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.29	−0.212%	$1.1M	$15K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0012%	1h	377.11	−0.258%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.26	−0.220%	$1.2M	$6.6M	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.29	−0.212%	$1.2M	$2.6M	20x	as long as short
Lighter TSLA	+0.0040%	1h	377.27	−0.217%	$819K	$3.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.10	−0.262%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.29	−0.212%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.99	−0.291%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.13	−0.254%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.23	−0.227%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.17	−0.243%	$1.5M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0067%	1h	377.30	−0.208%	$5K	$92K	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	376.98	−0.294%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.18	−0.241%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.14	−0.251%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.13	−0.254%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.24	−0.225%	$41K	$22K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.20	−0.236%	$747	—	10x	as long as short
Gate TSLA_USDT	+0.0110%	8h	377.28	−0.214%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0144%	1h	377.17	−0.244%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERPlong	+0.0220%	1h	378.09	long leg	$79K	$36K	30x
Phoenix TSLA	+0.0254%	1h	377.24	−0.225%	$1.3M	$539K	20x	as long as short