Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.025%

Price spread now: Coinbase International against Phemex−0.298%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$830.830% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)+0.239%+$24 · spread now −0.298%, 7d avg −0.100%

Together, before fees+0.413%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.197% cheaper against Phemex than usual: you would sell low and buy high (spread −0.298% now, against its 7-day average of −0.100%). If the spread goes back, that is −$20 on $10k: about 14 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.23	0	get 0.0000% / 4h	3h 22m	$1.1M	$13K	10x
Short	Coinbase International TSLA-PERP-INTX	375.11	0.0048	get 0.0006% / 1h	22m 28s	$529K	$307K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.298%Rate

Funding earned: $10.08
Price spread: −0.298% → −0.100%: −$19.72
Slippage, 4 orders: −$61.03
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$92.67
Costs to cover: 0.830%
Break-even: 71.4 days

Slippage from Phemex: live order book, 5 min ago; Coinbase International: live order book, 51 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, 5 min ago	1.73 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 51 min ago	2.53 bp	8.2 bp −$8	10.6 bp −$106	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	−0.0402%	4h	376.37	+0.037%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.07	−0.042%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.11	−0.031%	$477K	$11.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.20	−0.008%	$47.0M	$109.3M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.20	−0.008%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.18	−0.013%	$11.2M	$16.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.22	−0.003%	$2.4M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.12	−0.029%	$16.8M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.41	+0.049%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.17	−0.016%	$200K	$898K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.04	−0.051%	$20K	$186K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	376.23	long leg	$1.1M	$13K	10x
BloFin TSLA-USDT	+0.0009%	8h	376.21	−0.005%	$572K	$338K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	376.10	−0.035%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.12	−0.029%	$1.2M	$7.0M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.23	0.000%	$829K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.24	+0.003%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.18	−0.013%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.18	−0.013%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0048%	1h	375.11	−0.298%	$529K	$307K	10x
tradeXYZ xyz:TSLA	+0.0050%	1h	375.96	−0.072%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.00	−0.061%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.13	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.90	−0.088%	$1.6M	$1.1M	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.25	+0.006%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.05	−0.048%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.95	−0.074%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	−0.003%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.16	−0.019%	$41K	$20K	20x	as long as short
Bullet TSLA-USD	+0.0100%	1h	376.22	−0.003%	$5K	$92K	10x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.12	−0.029%	$745	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0128%	1h	375.95	−0.074%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0137%	1h	376.08	−0.039%	$489K	$112K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0146%	8h	376.40	+0.045%	$846K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.35	+0.298%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	376.64	+0.109%	$1.3M	$547K	20x	as long as short