Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: OKX against Phemex+0.066%53s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.726% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.066%, 7d avg +0.010%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.056% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	377.42	0	get 0.0000% / 4h	2h 37m	$1.1M	$14K	10x
Short	OKX TSLA-USDT-SWAP	377.67	0	get 0.0000% / 8h	6h 37m	$11.2M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.010%: $5.61
Slippage, 4 orders: −$50.58
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.97
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from Phemex: live order book, just now; OKX: live order book, 1 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, just now	0.13 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.13 bp	5.3 bp −$5	7.8 bp −$78	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	−0.0700%	4h	377.11	−0.081%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0064%	1h	377.26	−0.042%	$34K	—	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	−0.0041%	1h	377.26	−0.042%	$20K	$187K	10x	as long as short
BloFin TSLA-USDT	−0.0027%	8h	376.98	−0.117%	$576K	$341K	20x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.25	−0.045%	$513K	$328K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.60	+0.047%	$578K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.59	+0.045%	$479K	$10.3M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.72	+0.079%	$47.3M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.82	+0.106%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	377.67	+0.066%	$11.2M	$16.8M	25x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx TSLA/USDC	0.0000%	1h	377.70	+0.073%	$292K	$598K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	377.65	+0.061%	$2.3M	$3.8M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.64	+0.058%	$16.9M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.93	−0.131%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.40	−0.005%	$200K	$907K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.73	+0.082%	$6K	$93K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.42	long leg	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0009%	1h	376.99	−0.115%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.57	+0.040%	$1.3M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.70	+0.074%	$825K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.70	+0.074%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.07	−0.093%	$163K	$93K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0045%	1h	377.47	+0.013%	$44.4M	$14.0M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.69	+0.072%	—	$130K	25x	as long as short
GRVT TSLA_USDT_Perp	+0.0048%	8h	377.31	−0.029%	$849K	$2.8M	10x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.50	+0.021%	$302K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.36	−0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.36	−0.016%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0083%	1h	377.59	+0.045%	$491K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.54	+0.032%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.30	−0.032%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.12	−0.079%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.56	+0.037%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.60	+0.047%	$748	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.88	+0.122%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.47	+0.013%	$1.3M	$539K	20x	as long as short