Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0119%/8h= +13.1% APRpaid last 24h +0.021%

Price spread now: Nado against Phemex−0.036%7-day average −0.028% · 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−$92as in the Price arb table

costs, in and out, $10k−$910.914% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.036%, 7d avg −0.028%

Together, before fees−0.028%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$4 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	377.51	0	get 0.0000% / 4h	1h 50m	$1.1M	$15K	10x
Short	Nado TSLA-PERP	377.38	0.0119	get 0.0015% / 1h	50m 25s	$491K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.036%Rate

Funding earned: $25.09
Price spread: −0.036% → −0.028%: −$0.73
Slippage, 4 orders: −$72.36
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$67
Costs to cover: 0.914%
Break-even: 25.7 days

Slippage from Phemex: live order book, 2 min ago; Nado: live order book, 13 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	2.65 bp	34.1 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 13 min ago	4.51 bp	14.0 bp −$14	31.2 bp −$312	doesn't fit	doesn't fit

TSLA on 35 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	−0.0072%	4h	377.37	−0.037%	$399K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.50	−0.003%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.37	−0.038%	$479K	$7.9M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.45	−0.017%	$47.4M	$110.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.52	+0.003%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.39	−0.032%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.50	−0.001%	$290K	$598K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.40	−0.029%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.41	−0.026%	$1.9M	$1.4M	—	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	377.59	+0.021%	$851K	$2.8M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	377.39	−0.032%	$200K	$908K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.24	−0.072%	$20K	$187K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	−0.048%	$513K	$328K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.51	long leg	$1.1M	$15K	10x
Aftermath Perps TSLAUSD	+0.0008%	1h	377.22	−0.076%	$38K	$44K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.36	−0.040%	$1.2M	$6.6M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.48	−0.008%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.49	−0.005%	$1.2M	$2.6M	20x	as long as short
Bullet TSLA-USD	+0.0035%	1h	377.45	−0.016%	$5K	$92K	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.34	−0.045%	$162K	$95K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.48	−0.008%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0046%	1h	377.18	−0.087%	$44.4M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.30	−0.056%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.40	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.17	−0.090%	$1.5M	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	377.16	−0.093%	$34K	—	20x	as long as short
Gate TSLA_USDT	+0.0093%	8h	377.47	−0.011%	$2.3M	$3.7M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	377.32	−0.050%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.32	−0.050%	$1.5M	$104K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.34	−0.045%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.38	−0.034%	$41K	$22K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.37	−0.038%	$747	—	10x	as long as short
Nado TSLA-PERPshort	+0.0119%	1h	377.38	−0.036%	$491K	$112K	20x
Injective TSLA/USDC PERP	+0.0220%	1h	378.43	+0.244%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.52	+0.003%	$1.3M	$539K	20x	as long as short