Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Bybit against Injective−0.214%78s7-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 Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.446%−$45 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 Bybit is 0.214% cheaper against Injective than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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	378.38	0.0220	pay 0.0028% / 1h	17m 58s	$79K	$36K	30x
Short	Bybit TSLAUSDT	377.57	0	get 0.0000% / 8h	6h 17m	$10.3M	$15.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$46.2
Price spread: −0.214% → 0.000%: −$21.41
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.63
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bybit: 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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, just now	0.26 bp	7.3 bp −$7	10.6 bp −$106	doesn't fit	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 35 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	−0.0927%	4h	377.46	−0.244%	$399K	$1.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.33	−0.277%	$513K	$328K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.45	−0.246%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.43	−0.252%	$481K	$9.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.53	−0.224%	$47.4M	$110.5M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	377.57	−0.214%	$10.3M	$15.6M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	377.53	−0.225%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.53	−0.224%	$290K	$599K	20x	as long as short
Variational Omni TSLA	0.0000%	8h	377.47	−0.242%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.47	−0.240%	$200K	$909K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	377.50	−0.234%	$5K	$92K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.38	−0.264%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.52	−0.227%	$1.1M	$15K	10x	as long as short
Bitget TSLAUSDT	+0.0002%	8h	377.45	−0.246%	$17.0M	$22.9M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0007%	1h	377.21	−0.311%	$38K	$45K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0022%	8h	377.60	−0.206%	$853K	$2.8M	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.40	−0.259%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.51	−0.230%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.53	−0.225%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.31	−0.283%	$163K	$93K	10x	as long as short
Gate TSLA_USDT	+0.0044%	8h	377.53	−0.225%	$2.3M	$3.8M	100x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.54	−0.222%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.28	−0.291%	$44.4M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.30	−0.285%	$301K	$311K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.46	−0.243%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.15	−0.325%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0099%	1h	377.41	−0.256%	$491K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.34	−0.275%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.20	−0.312%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.46	−0.243%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.47	−0.240%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.40	−0.259%	$747	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0136%	1h	377.25	−0.299%	$34K	—	20x	as long as short
Injective TSLA/USDC PERPlong	+0.0220%	1h	378.38	long leg	$79K	$36K	30x
Phoenix TSLA	+0.0255%	1h	377.54	−0.222%	$1.3M	$539K	20x	as long as short