Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0200%/8h= −21.8% APRpaid last 24h −0.023%

Price spread now: Bybit against Nado+0.066%49s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$360.359% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.066%, 7d avg +0.055%

Together, before fees+0.133%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.030% in total (about 3.2% 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	Nado TSLA-PERP	376.10	0.0200	pay 0.0025% / 1h	43m 44s	$489K	$112K	20x
Short	Bybit TSLAUSDT	376.35	0	get 0.0000% / 8h	3h 43m	$10.3M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Nado. 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 NadobpFee BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$41.9
Price spread: +0.066% → +0.055%: $1.09
Slippage, 4 orders: −$17.91
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$76.72
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Nado: live order book, 9 min ago; Bybit: live order book, 5 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 Nado live order book, 9 min ago	3.19 bp	8.2 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.27 bp	7.4 bp −$7	10.8 bp −$108	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	−0.0441%	4h	376.30	+0.053%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0016%	8h	376.32	+0.058%	$576K	$352K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.40	+0.079%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.21	+0.030%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.32	+0.057%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	376.35	+0.066%	$10.3M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.21	+0.028%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.31	+0.054%	$290K	$582K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.25	+0.039%	$17.0M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.34	+0.063%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.40	+0.079%	$200K	$899K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.50	+0.105%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	375.96	−0.038%	$38K	$41K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.25	+0.039%	$818K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.26	+0.042%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.25	+0.039%	$1.2M	$6.5M	10x	as long as short
Gate TSLA_USDT	+0.0036%	8h	376.31	+0.055%	$2.3M	$3.5M	100x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.04	−0.017%	$133K	$106K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0043%	1h	376.15	+0.012%	$20K	$189K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.23	+0.034%	—	$129K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.01	−0.025%	$44.4M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.08	−0.006%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.20	+0.026%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.12	+0.004%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0058%	8h	376.13	+0.006%	$850K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0080%	1h	376.29	+0.050%	$5K	$90K	10x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	375.97	−0.035%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	+0.092%	$512K	$330K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.10	−0.001%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.18	+0.020%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.12	+0.004%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.07	−0.009%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.19	+0.023%	$745	—	10x	as long as short
Nado TSLA-PERPlong	+0.0200%	1h	376.10	long leg	$489K	$112K	20x
Injective TSLA/USDC PERP	+0.0220%	1h	377.31	+0.321%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.38	+0.074%	$1.3M	$540K	20x	as long as short