Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0255%/8h= +27.9% APRpaid last 24h +0.092%

Price spread now: Phoenix against Variational Omni+0.046%69s7-day average +0.039% · you sell dearer than you buy

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.161%+$16 on $10k

Price spread, last 7 days+0.057%+$6 · spread now +0.046%, 7d avg +0.039%

Together, before fees+0.218%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TSLA	376.64	0	get 0.0000% / 8h	4h 38m	$1.9M	$1.4M	—
Short	Phoenix TSLA	376.81	0.0255	get 0.0032% / 1h	38m 12s	$1.3M	$539K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.046%Rate

Funding earned: $53.47
Price spread: +0.046% → +0.039%: $0.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $47.18
Costs to cover: 0.070%
Break-even: 0.8 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phoenix: live order book, 5 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, 1 min ago	2.02 bp	doesn't fit	6.9 bp −$69	doesn't fit	doesn't fit
Sell Phoenix live order book, 5 min ago	2.92 bp	10.0 bp −$10	20.3 bp −$203	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	−0.0268%	4h	376.63	−0.001%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0008%	8h	376.69	+0.015%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.60	−0.009%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.49	−0.038%	$480K	$4.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.55	−0.023%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.60	−0.009%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.60	−0.009%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.68	+0.013%	$290K	$587K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.35	−0.076%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.51	−0.033%	$17.0M	$23.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLAlong	0.0000%	8h	376.64	long leg	$1.9M	$1.4M	—
StandX TSLA-USD	0.0000%	1h	376.59	−0.012%	$200K	$907K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.57	−0.017%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.52	−0.032%	$38K	$42K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.50	−0.036%	$816K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.54	−0.025%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.57	−0.017%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.32	−0.084%	$162K	$96K	10x	as long as short
Bullet TSLA-USD	+0.0044%	1h	376.61	−0.007%	$6K	$92K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.66	+0.007%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.29	−0.092%	$44.3M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.39	−0.065%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.46	−0.047%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.46	−0.047%	$1.6M	$1.1M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.049%	$512K	$330K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0060%	8h	376.73	+0.025%	$845K	$2.8M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0095%	1h	376.57	−0.017%	$20K	$188K	10x	as long as short
Gate TSLA_USDT	+0.0097%	8h	376.58	−0.015%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.50	−0.037%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.49	−0.039%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.62	−0.004%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.52	−0.031%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.52	−0.031%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0144%	1h	376.54	−0.025%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.280%	$79K	$36K	30x	as long as short
Phoenix TSLAshort	+0.0255%	1h	376.81	+0.046%	$1.3M	$539K	20x