Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.004%

Price spread now: QFEX against Variational Omni−0.005%47s7-day average −0.037% · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.012%+$1 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.005%, 7d avg −0.037%

Together, before fees−0.009%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.032% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.037%. The two prices were read 47 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	375.97	0	get 0.0000% / 8h	56m 52s	$1.9M	$1.3M	—
Short	QFEX TSLA-USD	375.95	0.0067	get 0.0008% / 1h	56m 52s	$1.2M	$6.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $14.06
Price spread: −0.005% → −0.037%: $3.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: $7.24
Costs to cover: 0.100%
Break-even: 3.4 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; QFEX: live order book, 7 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	8.0 bp −$80	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.46 bp	6.5 bp −$6	7.1 bp −$71	12.8 bp −$1,278	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	−0.0281%	4h	376.00	+0.007%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.01	+0.012%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.99	+0.006%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.94	−0.008%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.07	+0.027%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.95	−0.005%	$17.2M	$22.9M	100x	as long as short
Variational Omni TSLAlong	0.0000%	8h	375.97	long leg	$1.9M	$1.3M	—
StandX TSLA-USD	0.0000%	1h	376.08	+0.029%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.99	+0.006%	$1.1M	$14K	10x	as long as short
Binance TSLAUSDT	+0.0030%	8h	376.06	+0.024%	$47.1M	$113.3M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0030%	1h	375.83	−0.038%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.98	+0.003%	$1.3M	$2.5M	20x	as long as short
Extended TSLA_24_5-USD	+0.0032%	1h	375.96	−0.002%	$480K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	375.75	−0.058%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.83	−0.037%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.90	−0.018%	—	$119K	25x	as long as short
BloFin TSLA-USDT	+0.0048%	8h	376.03	+0.016%	$577K	$355K	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.77	−0.053%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.74	−0.061%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.96	−0.002%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.65	−0.085%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USDshort	+0.0067%	1h	375.95	−0.005%	$1.2M	$6.2M	10x
Pacifica TSLA	+0.0100%	1h	375.66	−0.082%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.83	−0.037%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.66	−0.082%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.91	−0.016%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.96	−0.002%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.074%	$505K	$350K	10x	as long as short
Lighter TSLA	+0.0184%	1h	375.99	+0.006%	$821K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.950%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0245%	8h	376.09	+0.033%	$849K	$2.8M	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.09	+0.032%	$214K	$643K	20x	as long as short
Bullet TSLA-USD	+0.0295%	1h	376.04	+0.019%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0308%	1h	375.71	−0.068%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	376.10	+0.035%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0522%	1h	376.08	+0.029%	$18K	$194K	10x	as long as short