Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.029%

Price spread now: Aster against Lighter+0.021%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.021%, 7d avg +0.049%

Together, before fees−0.070%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.029% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.049%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	375.95	0.0184	pay 0.0023% / 1h	58m 06s	$821K	$3.7M	20x
Short	Aster TSLAUSDT	376.03	0	get 0.0000% / 8h	58m 06s	$574K	$200K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$38.64
Price spread: +0.021% → +0.049%: −$2.89
Slippage, 4 orders: −$8.83
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.36
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Aster: live order book, 44 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 Lighter live order book, 4 min ago	0.67 bp	0.8 bp −$1	1.3 bp −$13	38.4 bp −$3,844	doesn't fit
Sell Aster live order book, 44 min ago	1.06 bp	7.5 bp −$7	11.5 bp −$115	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
edgeX TSLAUSDC	−0.0308%	4h	375.98	+0.007%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDTshort	0.0000%	8h	376.03	+0.021%	$574K	$200K	50x
Bybit TSLAUSDT	0.0000%	8h	376.00	+0.013%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.97	+0.005%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.06	+0.029%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.93	−0.005%	$17.2M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.97	+0.005%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.08	+0.035%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.98	+0.008%	$1.1M	$14K	10x	as long as short
Binance TSLAUSDT	+0.0028%	8h	376.04	+0.023%	$47.1M	$113.3M	25x	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	+0.0030%	1h	375.80	−0.039%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.93	−0.005%	$1.3M	$2.5M	20x	as long as short
Extended TSLA_24_5-USD	+0.0032%	1h	375.94	−0.001%	$480K	$2.8M	10x	as long as short
BloFin TSLA-USDT	+0.0040%	8h	376.09	+0.037%	$577K	$355K	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.81	−0.037%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.92	−0.008%	—	$119K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	375.75	−0.053%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.74	−0.056%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.78	−0.045%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.91	−0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.65	−0.080%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.95	0.000%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.67	−0.075%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.81	−0.037%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.66	−0.077%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.85	−0.027%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.98	+0.007%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.069%	$505K	$350K	10x	as long as short
Lighter TSLAlong	+0.0184%	1h	375.95	long leg	$821K	$3.7M	20x
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.955%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0245%	8h	376.09	+0.038%	$849K	$2.8M	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.09	+0.037%	$214K	$643K	20x	as long as short
Bullet TSLA-USD	+0.0295%	1h	376.04	+0.024%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0298%	1h	375.70	−0.065%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.90	−0.013%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0549%	1h	375.99	+0.011%	$18K	$194K	10x	as long as short