Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.018%

Price spread now: Phemex against Aftermath Perps+0.027%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 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 0.027% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps TSLAUSD	376.36	0.0032	pay 0.0004% / 1h	3m 04s	$38K	$36K	10x
Short	Phemex TSLAUSDT	376.46	0	get 0.0000% / 4h	3m 04s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aftermath Perps. 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 Aftermath PerpsbpFee PhemexbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$6.68
Price spread: +0.027% → 0.000%: $2.66
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$25.02
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Phemex: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	0.13 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit

Aftermath Perps: 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	+0.005%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.56	+0.053%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.52	+0.043%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.47	+0.029%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.52	+0.043%	$17.4M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.36	0.000%	$200K	$917K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.46	+0.027%	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0022%	8h	376.58	+0.058%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSDlong	+0.0032%	1h	376.36	long leg	$38K	$36K	10x
Lighter RH TSLA	+0.0032%	1h	376.47	+0.029%	$1.2M	$2.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.26	−0.027%	$135K	$108K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0042%	1h	376.40	+0.011%	$18K	$196K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.52	+0.043%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.31	−0.013%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.36	0.000%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.43	+0.019%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.17	−0.050%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0059%	8h	376.24	−0.031%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.48	+0.032%	$1.3M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0085%	8h	376.55	+0.050%	$582K	$356K	20x	as long as short
Binance TSLAUSDT	+0.0086%	8h	376.55	+0.050%	$47.1M	$114.8M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.46	+0.025%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.34	−0.005%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.30	−0.016%	$1.5M	$1.9M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.12	−0.064%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.25	−0.029%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.51	+0.040%	$745	—	10x	as long as short
Lighter TSLA	+0.0128%	1h	376.46	+0.027%	$817K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.096%	$509K	$357K	10x	as long as short
Hotstuff TSLA-PERP	+0.0184%	1h	376.35	−0.003%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0220%	1h	376.53	+0.045%	$6K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.914%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.56	+0.053%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0278%	1h	376.30	−0.016%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0293%	8h	376.52	+0.043%	$849K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.56	+0.053%	$1.3M	$525K	20x	as long as short