Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.030%

Price spread now: BloFin against Lighter+0.045%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$150.147% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.045%, 7d avg +0.022%

Together, before fees+0.013%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.023% dearer against Lighter than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of +0.022%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	375.94	0.0032	pay 0.0004% / 1h	40m 27s	$818K	$3.6M	20x
Short	BloFin TSLA-USDT	376.11	−0.0024	pay 0.0024% / 8h	3h 40m	$575K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$11.81
Price spread: +0.045% → +0.022%: $2.34
Slippage, 4 orders: −$2.74
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$24.21
Costs to cover: 0.147%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; BloFin: live order book, 56 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, 7 min ago	0.66 bp	0.8 bp −$1	2.0 bp −$20	25.0 bp −$2,502	doesn't fit
Sell BloFin live order book, 56 min ago	0.13 bp	6.9 bp −$7	9.3 bp −$93	20.1 bp −$2,015	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	−0.0876%	4h	376.26	+0.086%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDTshort	−0.0024%	8h	376.11	+0.045%	$575K	$352K	20x
Aster TSLAUSDT	0.0000%	8h	376.01	+0.017%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.91	−0.007%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.02	+0.021%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.08	+0.037%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.94	0.000%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.04	+0.026%	$289K	$580K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	375.67	−0.072%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.93	−0.003%	$17.0M	$22.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	376.02	+0.021%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.04	+0.027%	$200K	$897K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.33	+0.104%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0021%	1h	375.98	+0.010%	$38K	$41K	10x	as long as short
Gate TSLA_USDT	+0.0031%	8h	376.00	+0.016%	$2.3M	$3.5M	100x	as long as short
Lighter TSLAlong	+0.0032%	1h	375.94	long leg	$818K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	375.95	+0.003%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	375.99	+0.013%	$1.2M	$6.4M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.92	−0.005%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.91	−0.008%	—	$129K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.67	−0.072%	$44.4M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.84	−0.027%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.97	+0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.97	+0.008%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0063%	8h	376.35	+0.109%	$842K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	+0.136%	$512K	$330K	10x	as long as short
Bullet TSLA-USD	+0.0094%	1h	376.00	+0.016%	$5K	$90K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0096%	1h	375.91	−0.008%	$20K	$189K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.81	−0.035%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.85	−0.024%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.10	+0.043%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.92	−0.005%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.00	+0.016%	$744	—	10x	as long as short
Nado TSLA-PERP	+0.0210%	1h	375.81	−0.035%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.23	+0.343%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.25	+0.082%	$1.3M	$540K	20x	as long as short