Settings8H · net · $10k
Funding arb · Price arb /

TSLA

RWAall TSLA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0226%/8h= −24.8% APRnext payment $0.28 per $10,000 · paid last 24h −0.089%
Price spread now: Ondo Perps against Phoenix−0.196%108s7-day average −0.140% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.563%−$56 on $10k
Price spread, last 7 days−0.079%−$8 · spread now −0.196%, 7d avg −0.140%
Together, before fees−0.642%+ Points / potential airdropOndo Perps: Active · farm board−$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.056% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.140%). Swap the legs. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix TSLA376.640.0277pay 0.0035% / 1h23m 36s$1.3M$547K20x
ShortOndo Perps TSLA-USD.P375.900.0050get 0.0006% / 1h23m 36s$1.6M$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$47.55
Price spread: −0.196% → −0.140%
−$5.63
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$65.18
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Phoenix: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 5 min ago2.65 bp9.4 bp −$919.0 bp −$190doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TSLA on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TSLAUSDC−0.0600%4h376.43−0.056%$398K$1.0M10xas long as short
Aster TSLAUSDT0.0000%8h376.12−0.137%$585K$191K50xas long as short
Extended TSLA_24_5-USD0.0000%1h376.05−0.155%$477K$11.4M10xas long as short
Binance TSLAUSDT0.0000%8h376.20−0.118%$47.0M$109.4M25xas long as short
Bybit TSLAUSDT0.0000%8h376.20−0.117%$10.2M$15.5M100xas long as short
OKX TSLA-USDT-SWAP0.0000%8h376.13−0.135%$11.2M$16.6M25xas long as short
Gate TSLA_USDT0.0000%8h376.19−0.119%$2.4M$3.9M100xas long as short
Bitget TSLAUSDT0.0000%8h376.05−0.157%$16.8M$22.6M100xas long as short
Variational Omni TSLA0.0000%8h376.41−0.060%$1.9M$1.3Mas long as short
StandX TSLA-USD0.0000%1h376.44−0.053%$200K$896K20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit TSLA_USDC-PERPETUAL0.0000%1h376.11−0.141%$20K$186K10xas long as short
Phemex TSLAUSDT0.0000%4h376.24−0.106%$1.1M$13K10xas long as short
Aftermath Perps TSLAUSD+0.0009%1h376.23−0.108%$38K$46K10xas long as short
BloFin TSLA-USDT+0.0025%8h376.37−0.072%$571K$339K20xas long as short
QFEX TSLA-USD+0.0028%1h376.08−0.149%$1.2M$7.0M10xas long as short
Lighter TSLA+0.0032%1h376.21−0.114%$829K$3.6M20xas long as short
Lighter RH TSLA+0.0032%1h376.21−0.114%$1.2M$2.6M20xas long as short
Arcus TSLA-USD+0.0040%1h376.22−0.112%$163K$93K10xas long as short
Vest TSLA-USD-PERP+0.0046%1h376.26−0.101%$133K25xas long as short
Coinbase International TSLA-PERP-INTX+0.0048%1h375.11−0.406%$529K$307K10xas long as short
tradeXYZ xyz:TSLA+0.0050%1h375.96−0.181%$44.3M$14.1M20xas long as short
Polymarket Perps TSLA-USD+0.0050%1h376.08−0.149%$298K$308K10xas long as short
SoDEX TSLA-USD+0.0050%1h376.12−0.138%$4K$3K10xas long as short
Ondo Perps TSLA-USD.Pshort+0.0050%1h375.90−0.196%$1.6M$1.1M10x
RISEx TSLA/USDC+0.0079%1h376.24−0.108%$291K$598K20xas long as short
Pacifica TSLA+0.0100%1h376.02−0.165%$389K$38K10xas long as short
KuCoin TSLAUSDTM+0.0100%8h375.98−0.175%$1.5M$106K20xas long as short
ApeX Omni TSLAUSDT+0.0100%1h376.22−0.112%$4K$62K50xas long as short
Orderly PERP_TSLA_USDC+0.0100%8h376.19−0.119%$41K$20K20xas long as short
Aevo TSLA-PERP+0.0104%1h376.15−0.130%$74510xas long as short
Bullet TSLA-USD+0.0107%1h376.26−0.101%$5K$92K10xas long as short
Nado TSLA-PERP+0.0136%1h376.21−0.113%$489K$112K20xas long as short
GRVT TSLA_USDT_Perp+0.0143%8h376.49−0.040%$846K$2.7M10xas long as short
Injective TSLA/USDC PERP+0.0220%1h377.35+0.189%$78K$36K30xas long as short
Hotstuff TSLA-PERP+0.0224%1h375.95−0.183%$34K20xas long as short
Phoenix TSLAlong+0.0277%1h376.64long leg$1.3M$547K20x