Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.013%

Price spread now: Bitget against QFEX−0.005%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.005%, 7d avg +0.050%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.056% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	375.55	0.0031	pay 0.0004% / 1h	40m 05s	$1.2M	$7.2M	10x
Short	Bitget TSLAUSDT	375.53	0	get 0.0000% / 8h	40m 05s	$16.7M	$22.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$6.45
Price spread: −0.005% → +0.050%: −$5.56
Slippage, 4 orders: −$5.45
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$39.46
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Bitget: live order book, 4 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 QFEX live order book, 4 min ago	1.47 bp	6.5 bp −$6	7.4 bp −$74	11.3 bp −$1,131	doesn't fit
Sell Bitget live order book, 4 min ago	0.27 bp	7.0 bp −$7	11.7 bp −$117	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	−0.0442%	4h	375.53	−0.005%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0001%	8h	375.63	+0.021%	$567K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.34	−0.056%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.56	+0.004%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.63	+0.021%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.74	+0.051%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.66	+0.029%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.59	+0.011%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDTshort	0.0000%	8h	375.53	−0.005%	$16.7M	$22.6M	100x
Variational Omni TSLA	0.0000%	8h	375.61	+0.015%	$1.9M	$1.2M	—	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	375.59	+0.011%	$199K	$897K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.61	+0.016%	$5K	$91K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.57	+0.005%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	375.34	−0.055%	$38K	$48K	10x	as long as short
Nado TSLA-PERP	+0.0023%	1h	375.47	−0.022%	$495K	$109K	20x	as long as short
QFEX TSLA-USDlong	+0.0031%	1h	375.55	long leg	$1.2M	$7.2M	10x
Lighter TSLA	+0.0032%	1h	375.58	+0.008%	$651K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.60	+0.013%	$1.2M	$2.6M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.34	−0.056%	$34K	—	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.57	+0.005%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.36	−0.051%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.37	−0.048%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.53	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.26	−0.077%	$1.6M	$1.0M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0070%	1h	375.56	+0.003%	$20K	$187K	10x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.44	−0.029%	$165K	$96K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.67	+0.031%	$260K	$573K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.44	−0.029%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.36	−0.051%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.31	−0.064%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.35	−0.053%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.55	−0.001%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.117%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0129%	8h	375.66	+0.031%	$842K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.46	+0.242%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.66	+0.029%	$1.3M	$547K	20x	as long as short