Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0618%/8h= −67.6% APRpaid last 24h −0.199%

Price spread now: edgeX against OKX−0.032%81s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$320.323% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.032%, 7d avg −0.036%

Together, before fees−0.083%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 81 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 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSLA-USDT-SWAP	377.12	0	get 0.0000% / 8h	6h 08m	$11.3M	$15.4M	25x
Short	edgeX TSLAUSDC	377.00	−0.0618	pay 0.0309% / 4h	2h 08m	$397K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$129.74
Price spread: −0.032% → −0.036%: $0.39
Slippage, 4 orders: −$13.27
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$161.63
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; edgeX: 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 OKX live order book, 3 min ago	0.13 bp	7.4 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	4.24 bp	9.0 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit

TSLA on 36 exchanges

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	−0.0618%	4h	377.00	−0.032%	$397K	$1.0M	10x
Hotstuff TSLA-PERP	−0.0048%	1h	376.79	−0.088%	$34K	—	20x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.14	+0.005%	$10.1M	$14.0M	100x	as long as short
OKX TSLA-USDT-SWAPlong	0.0000%	8h	377.12	long leg	$11.3M	$15.4M	25x
Gate TSLA_USDT	0.0000%	8h	377.15	+0.008%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.11	−0.003%	$17.2M	$23.7M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.84	−0.074%	$200K	$958K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.81	−0.082%	$18K	$191K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.07	−0.013%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	376.83	−0.078%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	377.02	−0.027%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.88	−0.064%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.03	−0.024%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.83	−0.077%	$44.7M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.86	−0.069%	$301K	$132K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.02	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.60	−0.138%	$1.5M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0053%	1h	376.98	−0.037%	$1.3M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.76	−0.095%	$391K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.82	−0.080%	$1.4M	$3.5M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.80	−0.085%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.93	−0.050%	$41K	$25K	20x	as long as short
Lighter TSLA	+0.0104%	1h	377.06	−0.016%	$806K	$3.7M	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.08	−0.009%	$747	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	376.58	−0.143%	$517K	$385K	10x	as long as short
Aster TSLAUSDT	+0.0144%	8h	377.01	−0.029%	$575K	$190K	50x	as long as short
BloFin TSLA-USDT	+0.0171%	8h	377.11	−0.003%	$584K	$367K	20x	as long as short
RISEx TSLA/USDC	+0.0175%	1h	377.10	−0.004%	$226K	$656K	20x	as long as short
Variational Omni TSLA	+0.0181%	8h	376.98	−0.037%	$1.7M	$1.5M	—	as long as short
Extended TSLA_24_5-USD	+0.0200%	1h	377.00	−0.031%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0201%	8h	377.13	+0.003%	$47.3M	$114.8M	25x	as long as short
Bullet TSLA-USD	+0.0210%	1h	377.12	0.000%	$5K	$93K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.45	+0.088%	$74K	$41K	30x	as long as short
Nado TSLA-PERP	+0.0233%	1h	376.85	−0.071%	$500K	$99K	20x	as long as short
Phoenix TSLA	+0.0297%	1h	377.01	−0.029%	$1.3M	$502K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0636%	8h	377.20	+0.020%	$850K	$2.9M	10x	as long as short