Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against Phemex−0.040%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1351.354% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.040%, 7d avg −0.040%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$3 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	376.86	0	get 0.0000% / 4h	2h 59m	$1.1M	$13K	10x
Short	KuCoin TSLAUSDTM	376.71	0.0100	get 0.0100% / 8h	6h 59m	$1.5M	$106K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.040%Rate

Funding earned: $21
Price spread: −0.040% → −0.040%: $0.06
Slippage, 4 orders: −$111.39
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$114.32
Costs to cover: 1.354%
Break-even: 45.1 days

Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 6 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	2.12 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	3.32 bp	49.6 bp −$50	doesn't fit	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	−0.0868%	4h	376.68	−0.049%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.89	+0.009%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.84	−0.006%	$479K	$10.8M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.93	+0.019%	$47.2M	$109.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.98	+0.032%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.91	+0.013%	$11.3M	$16.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.98	+0.032%	$2.3M	$4.0M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.86	0.000%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.87	+0.002%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.85	−0.003%	$200K	$905K	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	376.84	−0.005%	$20K	$186K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	376.86	long leg	$1.1M	$13K	10x
Aftermath Perps TSLAUSD	+0.0010%	1h	376.52	−0.089%	$38K	$46K	10x	as long as short
BloFin TSLA-USDT	+0.0027%	8h	376.91	+0.013%	$573K	$339K	20x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.84	−0.005%	$1.2M	$6.9M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.95	+0.024%	$831K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.95	+0.024%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.71	−0.040%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.98	+0.032%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.464%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.69	−0.045%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.73	−0.034%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.84	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.72	−0.037%	$1.5M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0064%	1h	376.94	+0.021%	$6K	$92K	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.99	+0.036%	$292K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.75	−0.029%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTMshort	+0.0100%	8h	376.71	−0.040%	$1.5M	$106K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	376.60	−0.069%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.86	0.000%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.86	−0.001%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0127%	1h	376.89	+0.008%	$490K	$112K	20x	as long as short
Hotstuff TSLA-PERP	+0.0152%	1h	376.72	−0.037%	$34K	—	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0175%	8h	376.75	−0.029%	$850K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.21	+0.093%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	376.82	−0.011%	$1.3M	$547K	20x	as long as short