Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.001%

Price spread now: Coinbase International against KuCoin−0.083%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$830.826% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.083%, 7d avg −0.059%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.059%). If the spread goes back, that is −$2 on $10k: about 32 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.014% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TSLAUSDTM	375.56	0.0100	pay 0.0100% / 8h	7h 19m	$1.5M	$2.5M	20x
Short	Coinbase International TSLA-PERP-INTX	375.25	0.0160	get 0.0020% / 1h	19m 44s	$507K	$364K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.083%Rate

Funding earned: $12.6
Price spread: −0.083% → −0.059%: −$2.36
Slippage, 4 orders: −$60.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$72.33
Costs to cover: 0.826%
Break-even: 47.2 days

Slippage from KuCoin: live order book, 7 min ago; Coinbase International: live order book, 13 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 KuCoin live order book, 7 min ago	3.34 bp	28.4 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 13 min ago	2.80 bp	9.0 bp −$9	11.6 bp −$116	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
Hotstuff TSLA-PERP	−0.1600%	1h	375.24	−0.085%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0320%	4h	375.34	−0.059%	$395K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.68	+0.032%	$10.1M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.76	+0.053%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.81	+0.067%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.85	+0.077%	$17.3M	$23.4M	100x	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	375.38	−0.049%	$845K	$2.9M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	375.66	+0.027%	$199K	$955K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.57	+0.003%	$1.1M	$15K	10x	as long as short
Aster TSLAUSDT	+0.0001%	8h	375.33	−0.061%	$573K	$200K	50x	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	+0.0027%	1h	375.06	−0.132%	$38K	$36K	10x	as long as short
Variational Omni TSLA	+0.0030%	8h	375.62	+0.016%	$1.7M	$1.4M	—	as long as short
Lighter TSLA	+0.0032%	1h	375.67	+0.029%	$805K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.63	+0.019%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.40	−0.043%	$134K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.48	−0.021%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	375.53	−0.008%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.45	−0.029%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.42	−0.037%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.58	+0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.41	−0.040%	$1.5M	$1.1M	10x	as long as short
Extended TSLA_24_5-USD	+0.0056%	1h	375.66	+0.028%	$478K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0059%	8h	375.81	+0.067%	$47.1M	$115.4M	25x	as long as short
BloFin TSLA-USDT	+0.0062%	8h	375.66	+0.027%	$583K	$360K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0070%	1h	375.45	−0.029%	$18K	$191K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.27	−0.077%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTMlong	+0.0100%	8h	375.56	long leg	$1.5M	$2.5M	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	375.08	−0.128%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.23	−0.088%	$41K	$23K	20x	as long as short
Bullet TSLA-USD	+0.0103%	1h	375.66	+0.027%	$6K	$92K	10x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.57	+0.003%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0160%	1h	375.25	−0.083%	$507K	$364K	10x
Nado TSLA-PERP	+0.0182%	1h	375.31	−0.067%	$498K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.086%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.63	+0.019%	$215K	$655K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	375.28	−0.075%	$1.3M	$507K	20x	as long as short