Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: KuCoin against Lighter RH−0.045%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$910.908% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.045%, 7d avg −0.009%

Together, before fees+0.109%+ Points / potential airdropLighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.036% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.009%). If the spread goes back, that is −$4 on $10k: about 42 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	376.01	0.0032	pay 0.0004% / 1h	37m 01s	$1.2M	$2.5M	20x
Short	KuCoin TSLAUSDTM	375.84	0.0100	get 0.0100% / 8h	3h 37m	$1.5M	$105K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.045%Rate

Funding earned: $14.28
Price spread: −0.045% → −0.009%: −$3.58
Slippage, 4 orders: −$78.76
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$80.06
Costs to cover: 0.908%
Break-even: 46.2 days

Slippage from Lighter RH: live order book, 1 min ago; KuCoin: live order book, 4 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, 1 min ago	2.39 bp	2.5 bp −$3	5.7 bp −$57	44.3 bp −$4,428	doesn't fit
Sell KuCoin live order book, 4 min ago	3.06 bp	59.2 bp −$59	doesn't fit	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	−0.0972%	4h	375.91	−0.026%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.02	+0.002%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.95	−0.017%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.05	+0.012%	$47.3M	$111.2M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.11	+0.027%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.99	−0.005%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.00	−0.003%	$289K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.28	+0.072%	$17.0M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.02	+0.002%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.97	−0.011%	$200K	$897K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.80	−0.056%	$20K	$189K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.43	+0.112%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0009%	8h	375.98	−0.008%	$577K	$352K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0021%	1h	375.83	−0.048%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0027%	8h	376.07	+0.016%	$2.3M	$3.5M	100x	as long as short
Lighter TSLA	+0.0032%	1h	375.92	−0.024%	$818K	$3.6M	20x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	376.01	long leg	$1.2M	$2.5M	20x
QFEX TSLA-USD	+0.0033%	1h	375.91	−0.027%	$1.2M	$6.4M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.75	−0.069%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.89	−0.032%	—	$129K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.77	−0.064%	$44.4M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.83	−0.048%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.92	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.67	−0.090%	$1.6M	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0056%	1h	375.68	−0.088%	$34K	—	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0068%	8h	376.04	+0.007%	$854K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	+0.117%	$512K	$330K	10x	as long as short
Bullet TSLA-USD	+0.0094%	1h	375.98	−0.008%	$5K	$90K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.77	−0.065%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTMshort	+0.0100%	8h	375.84	−0.045%	$1.5M	$105K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	375.76	−0.066%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.74	−0.072%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.91	−0.028%	$744	—	10x	as long as short
Nado TSLA-PERP	+0.0206%	1h	375.75	−0.070%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	380.00	+1.061%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.25	+0.064%	$1.3M	$540K	20x	as long as short