Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bybit against Polymarket Perps+0.048%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days+0.085%+$9 · spread now +0.048%, 7d avg +0.091%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.043% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.091%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TSLA-USD	376.26	0.0050	pay 0.0006% / 1h	40m 22s	$300K	$149K	10x
Short	Bybit TSLAUSDT	376.44	0	get 0.0000% / 8h	6h 40m	$10.1M	$15.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$10.5
Price spread: +0.048% → +0.091%: −$4.3
Slippage, 4 orders: −$7.01
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.81
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 10 min ago; Bybit: 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 Polymarket Perps live order book, 10 min ago	0.66 bp	4.9 bp −$5	8.7 bp −$87	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.13 bp	8.3 bp −$8	11.7 bp −$117	128.8 bp −$12.9K	doesn't fit

TSLA on 36 exchanges

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	−0.0414%	4h	376.56	+0.080%	$396K	$1.0M	10x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	376.44	+0.048%	$10.1M	$15.1M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.42	+0.043%	$11.2M	$16.2M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.48	+0.058%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.38	+0.032%	$17.2M	$23.7M	100x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.53	+0.072%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	376.35	+0.023%	$38K	$36K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.41	+0.040%	$1.2M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	376.22	−0.011%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.29	+0.008%	$132K	$109K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	+0.0042%	1h	376.35	+0.024%	$18K	$192K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.49	+0.061%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.20	−0.016%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USDlong	+0.0050%	1h	376.26	long leg	$300K	$149K	10x
SoDEX TSLA-USD	+0.0050%	1h	376.42	+0.043%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.13	−0.035%	$1.5M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0053%	1h	376.44	+0.048%	$1.3M	$6.2M	10x	as long as short
Lighter TSLA	+0.0072%	1h	376.35	+0.024%	$805K	$3.7M	20x	as long as short
StandX TSLA-USD	+0.0086%	1h	376.40	+0.037%	$200K	$964K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.35	+0.024%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.24	−0.005%	$1.4M	$3.0M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.19	−0.019%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.16	−0.027%	$41K	$25K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.50	+0.062%	$745	—	10x	as long as short
Aster TSLAUSDT	+0.0117%	8h	376.63	+0.097%	$575K	$190K	50x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	376.39	+0.035%	$517K	$384K	10x	as long as short
BloFin TSLA-USDT	+0.0145%	8h	376.52	+0.069%	$584K	$366K	20x	as long as short
Variational Omni TSLA	+0.0151%	8h	376.47	+0.057%	$1.7M	$1.5M	—	as long as short
Binance TSLAUSDT	+0.0173%	8h	376.50	+0.062%	$47.2M	$115.7M	25x	as long as short
RISEx TSLA/USDC	+0.0175%	1h	376.50	+0.065%	$215K	$651K	20x	as long as short
Extended TSLA_24_5-USD	+0.0176%	1h	376.37	+0.030%	$484K	$2.7M	10x	as long as short
Bullet TSLA-USD	+0.0184%	1h	376.49	+0.061%	$6K	$93K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.30	+0.276%	$76K	$39K	30x	as long as short
Nado TSLA-PERP	+0.0243%	1h	376.30	+0.010%	$499K	$114K	20x	as long as short
Phoenix TSLA	+0.0297%	1h	376.68	+0.112%	$1.3M	$502K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0756%	8h	376.60	+0.090%	$848K	$2.9M	10x	as long as short