Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0305%/8h= +33.4% APRpaid last 24h +0.020%

Price spread now: Nado against Variational Omni−0.071%7-day average −0.029% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.071%, 7d avg −0.029%

Together, before fees−0.116%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.043% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.029%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$9 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.035% in total (about -3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TSLA	376.40	0	get 0.0000% / 8h	1h 52m	$1.9M	$1.3M	—
Short	Nado TSLA-PERP	376.13	0.0305	get 0.0038% / 1h	52m 16s	$489K	$111K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.071%Rate

Funding earned: $64.08
Price spread: −0.071% → −0.029%: −$4.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $52.82
Costs to cover: 0.070%
Break-even: 1.2 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Nado: live order book, 56 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 Variational Omni RFQ quote, 2 min ago	2.01 bp	doesn't fit	11.3 bp −$113	doesn't fit	doesn't fit
Sell Nado live order book, 56 min ago	4.25 bp	13.1 bp −$13	27.3 bp −$273	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	−0.0071%	4h	376.42	+0.006%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.40	+0.001%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.27	−0.035%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.39	−0.002%	$47.2M	$113.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.39	−0.002%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.31	−0.024%	$11.2M	$17.0M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.38	−0.005%	$17.1M	$22.8M	100x	as long as short
Variational Omni TSLAlong	0.0000%	8h	376.40	long leg	$1.9M	$1.3M	—
StandX TSLA-USD	0.0000%	1h	376.34	−0.016%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.40	0.000%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TSLA_USDT	+0.0006%	8h	376.42	+0.006%	$2.3M	$3.5M	100x	as long as short
BloFin TSLA-USDT	+0.0016%	8h	376.51	+0.029%	$577K	$356K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.27	−0.034%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.23	−0.045%	$1.3M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	376.07	−0.087%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.26	−0.037%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.31	−0.024%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.07	−0.087%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.26	−0.037%	$301K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.28	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.12	−0.074%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.31	−0.024%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.13	−0.072%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.06	−0.090%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	−0.048%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.04	−0.095%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.32	−0.021%	$745	—	10x	as long as short
Lighter TSLA	+0.0136%	1h	376.27	−0.034%	$835K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.48	+0.021%	$508K	$347K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	376.43	+0.009%	$214K	$642K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0187%	8h	376.53	+0.036%	$852K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0215%	1h	376.39	−0.002%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.82	+0.377%	$79K	$36K	30x	as long as short
Nado TSLA-PERPshort	+0.0305%	1h	376.13	−0.071%	$489K	$111K	20x
Phoenix TSLA	+0.0318%	1h	376.62	+0.059%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0415%	1h	376.24	−0.042%	$18K	$194K	10x	as long as short