Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.030%

Price spread now: Binance against Lighter+0.011%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 2 days (all we have)+0.009%+$1 · spread now +0.011%, 7d avg +0.001%

Together, before fees−0.067%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	376.23	0.0032	pay 0.0004% / 1h	48m 14s	$654K	$3.3M	20x
Short	Binance TSLAUSDT	376.27	0	get 0.0000% / 8h	7h 48m	$47.0M	$109.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$6.72
Price spread: +0.011% → +0.001%: $0.96
Slippage, 4 orders: −$4.59
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.35
Costs to cover: 0.146%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Binance: live order book, 10 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	0.93 bp	1.3 bp −$1	2.7 bp −$27	20.5 bp −$2,053	doesn't fit
Sell Binance live order book, 10 min ago	0.13 bp	6.5 bp −$6	12.7 bp −$127	41.8 bp −$4,178	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	−0.0632%	4h	376.17	−0.016%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0018%	8h	376.31	+0.021%	$568K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.13	−0.027%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.19	−0.010%	$477K	$10.9M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	376.27	+0.011%	$47.0M	$109.5M	25x
Bybit TSLAUSDT	0.0000%	8h	376.29	+0.016%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.24	+0.003%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.28	+0.013%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.19	−0.011%	$16.8M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.18	−0.014%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.23	0.000%	$200K	$894K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.19	−0.011%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.23	0.000%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.05	−0.049%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.19	−0.011%	$1.2M	$7.1M	10x	as long as short
Lighter TSLAlong	+0.0032%	1h	376.23	long leg	$654K	$3.3M	20x
Lighter RH TSLA	+0.0032%	1h	376.29	+0.016%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.10	−0.035%	$165K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0045%	8h	376.29	+0.016%	$845K	$2.8M	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.26	+0.008%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.298%	$529K	$312K	10x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.10	−0.035%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.18	−0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.95	−0.074%	$1.6M	$1.0M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0063%	1h	376.06	−0.045%	$44.3M	$14.3M	20x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.32	+0.024%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.20	−0.008%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.08	−0.040%	$1.5M	$158K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.07	−0.043%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.27	+0.011%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.20	−0.008%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0136%	1h	376.17	−0.015%	$490K	$111K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.10	+0.231%	$78K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0272%	1h	376.31	+0.021%	$5K	$92K	10x	as long as short
Phoenix TSLA	+0.0277%	1h	376.29	+0.016%	$1.3M	$547K	20x	as long as short
Hotstuff TSLA-PERP	+0.0360%	1h	376.10	−0.035%	$34K	—	20x	as long as short