Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h 0.000%

Price spread now: Aster against Lighter RH+0.029%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$170.175% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.025%+$2 · spread now +0.029%, 7d avg +0.046%

Together, before fees−0.012%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, 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 RH TSLA	376.11	0.0032	pay 0.0004% / 1h	45m 29s	$1.2M	$2.5M	20x
Short	Aster TSLAUSDT	376.22	0	get 0.0000% / 8h	2h 45m	$576K	$198K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$6.72
Price spread: +0.029% → +0.046%: −$1.78
Slippage, 4 orders: −$9.47
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.97
Costs to cover: 0.175%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Aster: 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 RH live order book, 3 min ago	1.86 bp	1.9 bp −$2	4.4 bp −$44	44.6 bp −$4,458	doesn't fit
Sell Aster live order book, 2 min ago	0.80 bp	7.2 bp −$7	16.5 bp −$165	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	−0.0328%	4h	376.17	+0.016%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDTshort	0.0000%	8h	376.22	+0.029%	$576K	$198K	50x
Extended TSLA_24_5-USD	0.0000%	1h	376.07	−0.010%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.16	+0.013%	$47.0M	$112.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.09	−0.005%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.17	+0.016%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.13	+0.005%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.15	+0.010%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.21	+0.027%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.14	+0.008%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TSLA-USDT	+0.0018%	8h	376.22	+0.029%	$577K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0020%	1h	376.02	−0.025%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0023%	8h	376.19	+0.021%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	376.11	long leg	$1.2M	$2.5M	20x
Arcus TSLA-USD	+0.0040%	1h	375.91	−0.053%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.10	−0.003%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.83	−0.074%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.02	−0.024%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.12	+0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.94	−0.045%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.15	+0.011%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.24	+0.035%	$289K	$580K	20x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	375.85	−0.069%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.93	−0.047%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.97	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.03	−0.021%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.91	−0.053%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.13	+0.005%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	+0.005%	$511K	$337K	10x	as long as short
Lighter TSLA	+0.0136%	1h	376.12	+0.003%	$835K	$3.6M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0145%	8h	376.32	+0.056%	$849K	$2.8M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0176%	1h	376.14	+0.008%	$18K	$193K	10x	as long as short
Bullet TSLA-USD	+0.0192%	1h	376.18	+0.019%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.15	+0.277%	$78K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0270%	1h	375.98	−0.035%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.12	+0.003%	$1.3M	$528K	20x	as long as short