Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Phemex−0.021%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$810.815% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.021%, 7d avg +0.011%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.032% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.52	0	get 0.0000% / 4h	12m 10s	$1.1M	$14K	10x
Short	Bitget TSLAUSDT	376.44	0	get 0.0000% / 8h	4h 12m	$17.0M	$23.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.011%: −$3.24
Slippage, 4 orders: −$57.48
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.72
Costs to cover: 0.815%
Break-even: never at this rate

Slippage from Phemex: live order book, just now; Bitget: live order book, 2 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 Phemex live order book, just now	0.27 bp	36.1 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.27 bp	8.2 bp −$8	10.4 bp −$104	24.0 bp −$2,398	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	−0.0790%	4h	376.49	−0.009%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0016%	1h	376.18	−0.090%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.56	+0.011%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.40	−0.033%	$481K	$3.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.50	−0.005%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.57	+0.013%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.42	−0.027%	$11.3M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.53	+0.003%	$290K	$587K	20x	as long as short
Bitget TSLAUSDTshort	0.0000%	8h	376.44	−0.021%	$17.0M	$23.0M	100x
Variational Omni TSLA	0.0000%	8h	376.50	−0.006%	$1.9M	$1.4M	—	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	376.45	−0.019%	$200K	$908K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.33	−0.050%	$20K	$189K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	376.52	long leg	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0017%	1h	376.51	−0.004%	$38K	$41K	10x	as long as short
BloFin TSLA-USDT	+0.0025%	8h	376.61	+0.024%	$577K	$352K	20x	as long as short
Lighter TSLA	+0.0032%	1h	376.46	−0.016%	$815K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.45	−0.019%	$1.2M	$2.6M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.43	−0.024%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.35	−0.045%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.43	−0.024%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.20	−0.085%	$44.3M	$14.5M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.31	−0.056%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.41	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.12	−0.106%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0053%	1h	376.49	−0.008%	$4K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0055%	8h	376.65	+0.035%	$854K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.019%	$512K	$330K	10x	as long as short
Gate TSLA_USDT	+0.0070%	8h	376.48	−0.011%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.28	−0.064%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.37	−0.040%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.42	−0.027%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.36	−0.042%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.40	−0.032%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0151%	1h	376.32	−0.054%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.311%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.75	+0.061%	$1.3M	$539K	20x	as long as short