Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against SoDEX+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.040% dearer against SoDEX than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TSLA-USD	376.35	0.0050	pay 0.0006% / 1h	3m 33s	$4K	$3K	10x
Short	Phemex TSLAUSDT	376.50	0	get 0.0000% / 4h	3m 33s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. 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 SoDEXbpFee PhemexbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$10.5
Price spread: +0.040% → 0.000%: $3.99
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$26.51
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	0.13 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSLAUSDC	−0.0779%	4h	376.38	+0.007%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.56	+0.056%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.52	+0.045%	$11.3M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.48	+0.035%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.52	+0.045%	$17.4M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.36	+0.003%	$200K	$917K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.24	−0.029%	$18K	$196K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.50	+0.040%	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0022%	8h	376.57	+0.059%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.36	+0.003%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	376.48	+0.035%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.26	−0.024%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.52	+0.045%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.31	−0.011%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.36	+0.003%	$301K	$303K	10x	as long as short
SoDEX TSLA-USDlong	+0.0050%	1h	376.35	long leg	$4K	$3K	10x
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.17	−0.048%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0059%	8h	376.24	−0.028%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.48	+0.035%	$1.3M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0072%	8h	376.30	−0.013%	$582K	$356K	20x	as long as short
Binance TSLAUSDT	+0.0086%	8h	376.54	+0.051%	$47.1M	$114.8M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.45	+0.026%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.34	−0.002%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.30	−0.013%	$1.5M	$1.9M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.12	−0.061%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.44	+0.024%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.37	+0.005%	$745	—	10x	as long as short
Lighter TSLA	+0.0136%	1h	376.47	+0.032%	$817K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.098%	$509K	$357K	10x	as long as short
Hotstuff TSLA-PERP	+0.0184%	1h	376.35	0.000%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0220%	1h	376.53	+0.048%	$6K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.917%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.56	+0.056%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0278%	1h	376.30	−0.013%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0293%	8h	376.52	+0.045%	$849K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.56	+0.056%	$1.3M	$525K	20x	as long as short