Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0823%/8h= −90.1% APRpaid last 24h −0.212%

Price spread now: edgeX against Lighter−0.005%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$180.184% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.005%, 7d avg +0.008%

Together, before fees−0.152%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% 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	376.81	0.0032	pay 0.0004% / 1h	57m 16s	$829K	$3.5M	20x
Short	edgeX TSLAUSDC	376.79	−0.0791	pay 0.0396% / 4h	2h 57m	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$172.84
Price spread: −0.005% → +0.008%: −$1.36
Slippage, 4 orders: −$9.43
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$192.63
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; edgeX: live order book, 2 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, 5 min ago	0.13 bp	0.2 bp $0	1.7 bp −$17	50.6 bp −$5,061	doesn't fit
Sell edgeX live order book, 2 min ago	4.25 bp	9.1 bp −$9	12.2 bp −$122	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 TSLAUSDCshort	−0.0791%	4h	376.79	−0.005%	$398K	$1.0M	10x
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	375.11	−0.451%	$529K	$307K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.75	−0.015%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.69	−0.032%	$479K	$10.8M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.79	−0.006%	$47.1M	$109.7M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.81	0.000%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.68	−0.035%	$11.2M	$16.6M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.81	+0.001%	$292K	$598K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.53	−0.074%	$34K	—	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.80	−0.003%	$2.3M	$3.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TSLAUSDT	0.0000%	8h	376.72	−0.024%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.87	+0.016%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.80	−0.003%	$200K	$905K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.75	−0.016%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.60	−0.056%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.77	−0.011%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	376.68	−0.034%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	376.65	−0.042%	$1.2M	$6.9M	10x	as long as short
BloFin TSLA-USDT	+0.0026%	8h	376.75	−0.016%	$573K	$340K	20x	as long as short
tradeXYZ xyz:TSLA	+0.0031%	1h	376.56	−0.066%	$44.3M	$14.2M	20x	as long as short
Lighter TSLAlong	+0.0032%	1h	376.81	long leg	$829K	$3.5M	20x
Lighter RH TSLA	+0.0032%	1h	376.82	+0.003%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.70	−0.029%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.85	+0.011%	—	$133K	25x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.60	−0.056%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.69	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.74	−0.019%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0098%	1h	376.73	−0.021%	$490K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.62	−0.050%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.52	−0.077%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.65	−0.042%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.67	−0.037%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.68	−0.034%	$746	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0185%	8h	376.76	−0.013%	$850K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.39	+0.154%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	377.02	+0.056%	$1.3M	$535K	20x	as long as short