Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0176%/8h= +19.2% APRpaid last 24h +0.015%

Price spread now: BloFin against Phemex−0.008%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.008%, 7d avg +0.007%

Together, before fees+0.166%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	377.90	0	get 0.0000% / 4h	2h 02m	$1.1M	$14K	10x
Short	BloFin TSLA-USDT	377.87	0.0176	get 0.0176% / 8h	6h 02m	$585K	$370K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.008%Rate

Funding earned: $36.9
Price spread: −0.008% → +0.007%: −$1.52
Slippage, 4 orders: −$54.66
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$43.28
Costs to cover: 0.787%
Break-even: 15.2 days

Slippage from Phemex: live order book, 3 min ago; BloFin: live order book, 46 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, 3 min ago	1.06 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 46 min ago	0.13 bp	6.8 bp −$7	8.2 bp −$82	19.1 bp −$1,914	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
Hotstuff TSLA-PERP	−0.1600%	1h	377.33	−0.151%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0282%	4h	377.74	−0.043%	$398K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.83	−0.019%	$10.1M	$14.0M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.75	−0.040%	$11.3M	$15.4M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	377.94	+0.011%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.88	−0.005%	$17.3M	$23.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	377.65	−0.066%	$200K	$959K	20x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.90	long leg	$1.1M	$14K	10x
Deribit TSLA_USDC-PERPETUAL	+0.0015%	1h	377.80	−0.026%	$18K	$191K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	377.28	−0.163%	$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	377.84	−0.016%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.39	−0.135%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.55	−0.093%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.63	−0.071%	$44.8M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.32	−0.153%	$301K	$132K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.77	−0.034%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.37	−0.140%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USD	+0.0053%	1h	377.59	−0.082%	$1.3M	$6.2M	10x	as long as short
Lighter TSLA	+0.0096%	1h	377.81	−0.024%	$808K	$3.7M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.65	−0.066%	$391K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.70	−0.053%	$1.4M	$3.6M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.47	−0.114%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.79	−0.029%	$41K	$25K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.78	−0.031%	$748	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	377.07	−0.220%	$518K	$386K	10x	as long as short
Aster TSLAUSDT	+0.0144%	8h	378.14	+0.063%	$577K	$200K	50x	as long as short
RISEx TSLA/USDC	+0.0175%	1h	377.87	−0.008%	$226K	$656K	20x	as long as short
BloFin TSLA-USDTshort	+0.0176%	8h	377.87	−0.008%	$585K	$370K	20x
Variational Omni TSLA	+0.0183%	8h	377.72	−0.049%	$1.7M	$1.5M	—	as long as short
Extended TSLA_24_5-USD	+0.0200%	1h	377.81	−0.023%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0202%	8h	377.86	−0.011%	$47.5M	$115.2M	25x	as long as short
Bullet TSLA-USD	+0.0208%	1h	377.64	−0.069%	$5K	$93K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.45	−0.119%	$74K	$41K	30x	as long as short
Nado TSLA-PERP	+0.0232%	1h	377.37	−0.141%	$501K	$99K	20x	as long as short
Phoenix TSLA	+0.0297%	1h	377.49	−0.108%	$1.3M	$502K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0625%	8h	377.70	−0.054%	$851K	$2.9M	10x	as long as short