Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h +0.002%

Price spread now: BloFin against Lighter RH−0.191%691s7-day average +0.017% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.174% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 3 days (all we have)+0.191%+$19 · spread now −0.191%, 7d avg +0.017%

Together, before fees+0.297%+ Points / potential airdropLighter RH: Points live · farm board+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.208% cheaper against Lighter RH than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you. The two prices were read 691 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	377.70	0.0032	pay 0.0004% / 1h	37m 38s	$1.2M	$2.6M	20x
Short	BloFin TSLA-USDT	376.98	−0.0027	pay 0.0027% / 8h	6h 37m	$576K	$341K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.191%Rate

Funding earned: −$12.39
Price spread: −0.191% → +0.017%: −$20.81
Slippage, 4 orders: −$5.41
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$50.61
Costs to cover: 0.174%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; BloFin: live order book, 29 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, 5 min ago	2.12 bp	2.2 bp −$2	5.1 bp −$51	42.2 bp −$4,218	doesn't fit
Sell BloFin live order book, 29 min ago	0.13 bp	6.2 bp −$6	8.2 bp −$82	21.6 bp −$2,158	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	−0.0700%	4h	377.11	−0.155%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0064%	1h	377.26	−0.116%	$34K	—	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	−0.0041%	1h	377.26	−0.116%	$20K	$187K	10x	as long as short
BloFin TSLA-USDTshort	−0.0027%	8h	376.98	−0.191%	$576K	$341K	20x
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.25	−0.119%	$513K	$328K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.58	−0.033%	$578K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.59	−0.029%	$479K	$10.3M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.69	−0.002%	$47.3M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.82	+0.032%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.64	−0.016%	$11.2M	$16.8M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx TSLA/USDC	0.0000%	1h	377.70	−0.001%	$292K	$598K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	377.62	−0.021%	$2.3M	$3.8M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.63	−0.019%	$16.9M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.93	−0.205%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.40	−0.079%	$200K	$907K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.48	−0.058%	$6K	$93K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.42	−0.074%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.87	−0.219%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.57	−0.034%	$1.3M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.70	0.000%	$825K	$3.6M	20x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	377.70	long leg	$1.2M	$2.6M	20x
Arcus TSLA-USD	+0.0040%	1h	377.07	−0.167%	$163K	$93K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0045%	1h	377.43	−0.071%	$44.4M	$14.0M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.69	−0.003%	—	$130K	25x	as long as short
GRVT TSLA_USDT_Perp	+0.0048%	8h	377.31	−0.103%	$849K	$2.8M	10x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.50	−0.053%	$302K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.36	−0.090%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.36	−0.090%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0083%	1h	377.59	−0.029%	$491K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.54	−0.042%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.26	−0.116%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.12	−0.154%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.48	−0.058%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.38	−0.084%	$747	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.88	+0.048%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.92	−0.207%	$1.3M	$539K	20x	as long as short