Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0254%/8h= −27.9% APRpaid last 24h −0.097%

Price spread now: OKX against Phoenix−0.013%46s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as 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−$330.334% of the position

Long on Phoenix Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.629%−$63 on $10k

Price spread, last 7 days−0.064%−$6 · spread now −0.013%, 7d avg −0.028%

Together, before fees−0.693%−$69 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: −$8 a day on $10k at the current rate. The two prices were read 46 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	Phoenix TSLA	377.50	0.0254	pay 0.0032% / 1h	46m 44s	$1.3M	$539K	20x
Short	OKX TSLA-USDT-SWAP	377.45	0	get 0.0000% / 8h	5h 46m	$11.2M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$53.42
Price spread: −0.013% → −0.028%: $1.52
Slippage, 4 orders: −$16.4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.31
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Phoenix: live order book, 2 min ago; OKX: 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 Phoenix live order book, 2 min ago	2.91 bp	10.2 bp −$10	20.8 bp −$208	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.13 bp	6.7 bp −$7	10.0 bp −$100	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	−0.0381%	4h	377.40	−0.028%	$399K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.51	+0.003%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.39	−0.030%	$479K	$7.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.49	−0.001%	$47.4M	$110.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.55	+0.013%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	377.45	−0.013%	$11.2M	$16.8M	25x
RISEx TSLA/USDC	0.0000%	1h	377.51	+0.003%	$290K	$598K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.42	−0.021%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.41	−0.023%	$1.9M	$1.4M	—	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	377.55	+0.013%	$851K	$2.8M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	377.39	−0.029%	$200K	$908K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.29	−0.056%	$20K	$187K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	−0.045%	$513K	$328K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.45	−0.013%	$1.1M	$15K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0008%	1h	377.24	−0.068%	$38K	$44K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.35	−0.040%	$1.2M	$6.6M	10x	as long as short
Bullet TSLA-USD	+0.0027%	1h	377.51	+0.002%	$5K	$92K	10x	as long as short
BloFin TSLA-USDT	+0.0027%	8h	377.49	−0.003%	—	$341K	20x	as long as short
Lighter TSLA	+0.0032%	1h	377.47	−0.008%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.48	−0.005%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.35	−0.040%	$162K	$95K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0042%	1h	377.20	−0.079%	$44.4M	$14.3M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.48	−0.005%	—	$130K	25x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.30	−0.053%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.39	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.30	−0.053%	$1.5M	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0056%	1h	377.16	−0.090%	$34K	—	20x	as long as short
Gate TSLA_USDT	+0.0097%	8h	377.48	−0.005%	$2.3M	$3.7M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	377.37	−0.034%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.33	−0.045%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.31	−0.050%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.42	−0.021%	$41K	$22K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.40	−0.028%	$747	—	10x	as long as short
Nado TSLA-PERP	+0.0112%	1h	377.34	−0.043%	$491K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.43	+0.246%	$79K	$36K	30x	as long as short
Phoenix TSLAlong	+0.0254%	1h	377.50	long leg	$1.3M	$539K	20x