Funding you earn now, next payment 12:00 UTC−0.0348%/8h= −38.2% APRnext payment −$1.74 per $10,000 · paid last 24h −0.194%
Price spread now: edgeX against Phemex−0.126%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$840.836% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.126%, 7d avg −0.005%
=Together, before fees+0.101%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.121% cheaper against Phemex than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.74 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSLAUSDT | 377.61 | 0 | get 0.0000% / 4h | 2h 04m | $1.1M | $14K | 10x |
| Short | edgeX TSLAUSDC | 377.14 | −0.0348 | pay 0.0174% / 4h | 2h 04m | $397K | $1.1M | 10x |
Phemex TSLAUSDT
edgeX TSLAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$73.18
- Price spread: −0.126% → −0.005%
- −$12.08
- Slippage, 4 orders
- −$62.58
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$168.84
- Costs to cover
- 0.836%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; edgeX: 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, 1 min ago | 1.06 bp | 27.3 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 4.90 bp | 9.7 bp −$10 | 12.6 bp −$126 | 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 | 377.55 | −0.016% | $34K | — | 20x | as long as short |
| edgeX TSLAUSDCshort | −0.0348% | 4h | 377.14 | −0.126% | $397K | $1.1M | 10x | |
| Bybit TSLAUSDT | 0.0000% | 8h | 377.75 | +0.037% | $10.1M | $14.0M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 377.84 | +0.061% | $11.3M | $15.4M | 25x | as long as short |
| Gate TSLA_USDT | 0.0000% | 8h | 377.84 | +0.061% | $2.3M | $3.2M | 100x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 377.78 | +0.045% | $17.3M | $23.8M | 100x | as long as short |
| StandX TSLA-USD | 0.0000% | 1h | 377.65 | +0.011% | $200K | $959K | 20x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | 0.0000% | 1h | 377.52 | −0.024% | $18K | $191K | 10x | as long as short |
| Phemex TSLAUSDTlong | 0.0000% | 4h | 377.61 | long leg | $1.1M | $14K | 10x | |
| Aftermath Perps TSLAUSD | +0.0024% | 1h | 377.01 | −0.160% | $38K | $36K | 10x | as long as short |
Hotstuff TSLA-PERP
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
Gate TSLA_USDT
Bitget TSLAUSDT
StandX TSLA-USD
Deribit TSLA_USDC-PERPETUAL
Aftermath Perps TSLAUSDShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSLA | +0.0032% | 1h | 377.76 | +0.040% | $1.2M | $2.5M | 20x | as long as short |
| Arcus TSLA-USD | +0.0040% | 1h | 377.64 | +0.008% | $132K | $85K | 10x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 377.82 | +0.056% | — | $126K | 25x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 377.58 | −0.008% | $44.8M | $14.8M | 20x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 377.58 | −0.008% | $301K | $132K | 10x | as long as short |
| SoDEX TSLA-USD | +0.0050% | 1h | 377.56 | −0.013% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 377.47 | −0.037% | $1.5M | $1.2M | 10x | as long as short |
| QFEX TSLA-USD | +0.0053% | 1h | 377.74 | +0.034% | $1.3M | $6.2M | 10x | as long as short |
| Lighter TSLA | +0.0096% | 1h | 377.78 | +0.045% | $808K | $3.7M | 20x | as long as short |
| Pacifica TSLA | +0.0100% | 1h | 377.58 | −0.009% | $391K | $36K | 10x | as long as short |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 377.54 | −0.019% | $1.4M | $3.6M | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 377.28 | −0.087% | $4K | $62K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 377.70 | +0.024% | $41K | $25K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 377.69 | +0.021% | $748 | — | 10x | as long as short |
| Coinbase International TSLA-PERP-INTX | +0.0120% | 1h | 377.07 | −0.143% | $518K | $386K | 10x | as long as short |
| Aster TSLAUSDT | +0.0144% | 8h | 378.03 | +0.112% | $577K | $200K | 50x | as long as short |
| RISEx TSLA/USDC | +0.0175% | 1h | 377.87 | +0.069% | $226K | $656K | 20x | as long as short |
| Variational Omni TSLA | +0.0183% | 8h | 377.72 | +0.028% | $1.7M | $1.5M | — | as long as short |
| Extended TSLA_24_5-USD | +0.0200% | 1h | 377.74 | +0.035% | $481K | $2.7M | 10x | as long as short |
| BloFin TSLA-USDT | +0.0202% | 8h | 377.66 | +0.013% | $585K | $369K | 20x | as long as short |
| Binance TSLAUSDT | +0.0202% | 8h | 377.83 | +0.058% | $47.4M | $115.1M | 25x | as long as short |
| Bullet TSLA-USD | +0.0210% | 1h | 377.87 | +0.069% | $5K | $93K | 10x | as long as short |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 377.45 | −0.042% | $74K | $41K | 30x | as long as short |
| Nado TSLA-PERP | +0.0230% | 1h | 377.68 | +0.018% | $501K | $99K | 20x | as long as short |
| Phoenix TSLA | +0.0297% | 1h | 377.49 | −0.032% | $1.3M | $502K | 20x | as long as short |
| GRVT TSLA_USDT_Perp | +0.0625% | 8h | 377.70 | +0.023% | $851K | $2.9M | 10x | as long as short |
Lighter RH TSLA
Arcus TSLA-USD
Vest TSLA-USD-PERP
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
SoDEX TSLA-USD
Ondo Perps TSLA-USD.P
QFEX TSLA-USD
Lighter TSLA
Pacifica TSLA
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Orderly PERP_TSLA_USDC
Aevo TSLA-PERP
Coinbase International TSLA-PERP-INTX
Aster TSLAUSDT
RISEx TSLA/USDC
Variational Omni TSLA
Extended TSLA_24_5-USD
BloFin TSLA-USDT
Binance TSLAUSDT
Bullet TSLA-USD
Injective TSLA/USDC PERP
Nado TSLA-PERP
Phoenix TSLA
GRVT TSLA_USDT_Perp