Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against Ondo Perps+0.074%7-day average +0.094% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.074%, 7d avg +0.094%

Together, before fees−0.097%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps TSLA-USD.P	377.17	0.0050	pay 0.0006% / 1h	49m 23s	$1.5M	$1.1M	10x
Short	Phemex TSLAUSDT	377.45	0	get 0.0000% / 4h	1h 49m	$1.1M	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Ondo Perps. 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 Ondo PerpsbpFee PhemexbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$10.58
Price spread: +0.074% → +0.094%: −$1.96
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$29.54
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 3 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	2.65 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TSLA on 35 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	−0.0072%	4h	377.37	+0.053%	$399K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.48	+0.081%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.37	+0.053%	$479K	$7.9M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.45	+0.074%	$47.4M	$110.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.54	+0.098%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.40	+0.061%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.48	+0.082%	$290K	$598K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.39	+0.058%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.41	+0.064%	$1.9M	$1.4M	—	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	377.55	+0.101%	$851K	$2.8M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	377.38	+0.056%	$200K	$908K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.32	+0.040%	$20K	$187K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	+0.042%	$513K	$328K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	377.45	+0.074%	$1.1M	$15K	10x
Aftermath Perps TSLAUSD	+0.0008%	1h	377.24	+0.018%	$38K	$44K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.36	+0.050%	$1.2M	$6.6M	10x	as long as short
Bullet TSLA-USD	+0.0032%	1h	377.46	+0.077%	$5K	$92K	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.45	+0.074%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.45	+0.074%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.34	+0.045%	$162K	$95K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0045%	1h	377.16	−0.003%	$44.4M	$14.3M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.45	+0.074%	—	$130K	25x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.30	+0.034%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.37	+0.053%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	377.17	long leg	$1.5M	$1.1M	10x
Hotstuff TSLA-PERP	+0.0080%	1h	377.13	−0.011%	$34K	—	20x	as long as short
Gate TSLA_USDT	+0.0095%	8h	377.44	+0.072%	$2.3M	$3.7M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	377.33	+0.042%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.33	+0.042%	$1.5M	$104K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.34	+0.045%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.39	+0.058%	$41K	$22K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.36	+0.051%	$747	—	10x	as long as short
Nado TSLA-PERP	+0.0117%	1h	377.35	+0.049%	$491K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.43	+0.334%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.50	+0.087%	$1.3M	$539K	20x	as long as short