Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.010%

Price spread now: Deribit against Phemex−0.034%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on Phemex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.206%+$21 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.034%, 7d avg −0.022%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$8 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	378.74	0	get 0.0000% / 4h	43m 19s	$1.1M	$15K	10x
Short	Deribit TSLA_USDC-PERPETUAL	378.61	0.0252	get 0.0032% / 1h	43m 19s	$18K	$187K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.034%Rate

Funding earned: $52.94
Price spread: −0.034% → −0.022%: −$1.25
Slippage, 4 orders: −$58.03
Fee Phemex: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.35
Costs to cover: 0.770%
Break-even: 10.4 days

Slippage from Phemex: live order book, 2 min ago; Deribit: live order book, 63 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, 2 min ago	2.24 bp	32.6 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 63 min ago	0.13 bp	10.7 bp −$11	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
Hotstuff TSLA-PERP	−0.1600%	1h	378.37	−0.098%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0942%	4h	378.74	0.000%	$400K	$1.1M	10x	as long as short
Injective TSLA/USDC PERP	−0.0220%	1h	377.60	−0.301%	$73K	$42K	30x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.71	−0.008%	$10.2M	$14.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.70	−0.011%	$11.3M	$15.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.73	−0.003%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.70	−0.011%	$17.4M	$25.0M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.49	−0.066%	$201K	$1.0M	20x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	378.74	long leg	$1.1M	$15K	10x
Aftermath Perps TSLAUSD	+0.0024%	1h	378.54	−0.052%	$38K	$37K	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	378.65	−0.024%	$1.2M	$2.3M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	378.51	−0.061%	$133K	$83K	10x	as long as short
QFEX TSLA-USD	+0.0042%	1h	378.70	−0.011%	$1.2M	$6.3M	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.60	−0.037%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	378.43	−0.082%	$45.0M	$15.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	378.43	−0.082%	$301K	$141K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	378.47	−0.071%	$1.6M	$1.3M	10x	as long as short
SoDEX TSLA-USD	+0.0053%	1h	378.61	−0.034%	$4K	$3K	10x	as long as short
RISEx TSLA/USDC	+0.0074%	1h	378.77	+0.008%	$229K	$631K	20x	as long as short
Lighter TSLA	+0.0080%	1h	378.66	−0.021%	$815K	$3.0M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	378.49	−0.066%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	378.41	−0.087%	$1.4M	$4.6M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.43	−0.082%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	378.41	−0.087%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.72	−0.006%	$750	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	378.77	+0.008%	$521K	$401K	10x	as long as short
Aster TSLAUSDT	+0.0126%	8h	378.73	−0.003%	$577K	$201K	50x	as long as short
BloFin TSLA-USDT	+0.0151%	8h	378.88	+0.037%	$596K	$382K	20x	as long as short
Variational Omni TSLA	+0.0156%	8h	378.75	+0.002%	$1.7M	$1.5M	—	as long as short
Bullet TSLA-USD	+0.0179%	1h	378.72	−0.005%	$5K	$94K	10x	as long as short
Binance TSLAUSDT	+0.0183%	8h	378.74	−0.001%	$48.0M	$116.5M	25x	as long as short
Extended TSLA_24_5-USD	+0.0184%	1h	378.65	−0.023%	$483K	$2.7M	10x	as long as short
Nado TSLA-PERP	+0.0239%	1h	378.46	−0.073%	$502K	$99K	20x	as long as short
Deribit TSLA_USDC-PERPETUALshort	+0.0252%	1h	378.61	−0.034%	$18K	$187K	10x
Phoenix TSLA	+0.0296%	1h	378.98	+0.063%	$1.4M	$520K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0403%	8h	378.89	+0.038%	$856K	$2.9M	10x	as long as short