Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.1022%/8hpaid last 24h −0.210%

Price spread now: edgeX against Phoenix−0.084%115s7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as 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−$390.386% of the position

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.689%−$69 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.084%, 7d avg −0.071%

Together, before fees−0.704%+ Points / potential airdropedgeX: Active · farm board−$70 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$31 a day on $10k at the current rate. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.689% in total (about -35.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TSLA	377.00	0.0298	pay 0.0037% / 1h	21m 40s	$1.3M	$213K	20x
Short	edgeX TSLAUSDC	376.68	−0.0724	pay 0.0362% / 4h	21m 40s	$397K	$990K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phoenix. 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 PhoenixbpFee edgeXbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$214.53
Price spread: −0.084% → −0.071%: −$1.25
Slippage, 4 orders: −$22.63
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$254.41
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Phoenix: live order book, 1 min ago; edgeX: live order book, 11 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 Phoenix live order book, 1 min ago	2.92 bp	10.3 bp −$10	21.2 bp −$212	doesn't fit	doesn't fit
Sell edgeX live order book, 11 min ago	4.26 bp	9.1 bp −$9	12.2 bp −$122	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 TSLAUSDCshort	−0.0724%	4h	376.68	−0.084%	$397K	$990K	10x
BloFin TSLA-USDT	−0.0027%	8h	376.59	−0.109%	$540K	$334K	20x	as long as short
Hotstuff TSLA-PERP	−0.0024%	1h	376.08	−0.244%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.14	−0.228%	$596K	$179K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.20	−0.211%	$450K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.20	−0.212%	$47.2M	$105.7M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.34	−0.175%	$10.3M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.18	−0.218%	$11.4M	$16.0M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.22	−0.207%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.19	−0.215%	$16.7M	$21.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	376.24	−0.201%	$1.7M	$1.1M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.53	−0.125%	$200K	$874K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.33	−0.178%	$20K	$184K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.45	−0.146%	$1.1M	$13K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.38	−0.164%	$1.3M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0044%	1h	376.14	−0.228%	$1.2M	$6.8M	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.54	−0.122%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.22	−0.207%	$44.0M	$13.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.30	−0.186%	$297K	$283K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.45	−0.146%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.90	−0.292%	$1.6M	$916K	10x	as long as short
RISEx TSLA/USDC	+0.0067%	1h	376.31	−0.182%	$178K	$512K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0072%	1h	376.55	−0.119%	$538K	$281K	10x	as long as short
Nado TSLA-PERP	+0.0075%	1h	376.26	−0.197%	$487K	$88K	20x	as long as short
Bullet TSLA-USD	+0.0084%	1h	376.47	−0.141%	$6K	$90K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.22	−0.207%	$390K	$26K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.17	−0.220%	$1.4M	$147K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.43	−0.151%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.56	−0.117%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.46	−0.144%	$745	—	10x	as long as short
Aftermath Perps TSLAUSD	+0.0113%	1h	376.16	−0.223%	$38K	$51K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0206%	8h	376.86	−0.037%	$845K	$3.1M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.76	−0.064%	$78K	$36K	30x	as long as short
Lighter TSLA	+0.0232%	1h	376.52	−0.127%	$1.1M	$3.9M	20x	as long as short
Phoenix TSLAlong	+0.0298%	1h	377.00	long leg	$1.3M	$213K	20x
Arcus TSLA-USD	+0.0364%	1h	376.10	−0.239%	$154K	$85K	10x	as long as short