Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.054%

Price spread now: Bybit against Arcus+0.101%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.108%−$11 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.101%, 7d avg +0.091%

Together, before fees−0.122%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TSLA-USD	376.04	0.0040	pay 0.0005% / 1h	46m 08s	$133K	$106K	10x
Short	Bybit TSLAUSDT	376.42	0	get 0.0000% / 8h	3h 46m	$10.3M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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 ArcusbpFee BybitbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$8.46
Price spread: +0.101% → +0.091%: $1.05
Slippage, 4 orders: −$19.38
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$42.29
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Arcus: live order book, 7 min ago; Bybit: live order book, 2 min ago.

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 Arcus live order book, 7 min ago	2.66 bp	10.8 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.27 bp	7.4 bp −$7	10.8 bp −$108	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	−0.0269%	4h	376.06	+0.006%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0048%	1h	375.97	−0.019%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.40	+0.095%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.27	+0.060%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.38	+0.091%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	376.42	+0.101%	$10.3M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.35	+0.082%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.36	+0.086%	$290K	$582K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.32	+0.074%	$17.0M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.34	+0.080%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.39	+0.093%	$200K	$899K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.50	+0.122%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0010%	8h	376.39	+0.093%	$576K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	375.99	−0.014%	$38K	$41K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.29	+0.066%	$818K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.31	+0.072%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.32	+0.074%	$1.2M	$6.5M	10x	as long as short
Gate TSLA_USDT	+0.0039%	8h	376.36	+0.085%	$2.3M	$3.5M	100x	as long as short
Arcus TSLA-USDlong	+0.0040%	1h	376.04	long leg	$133K	$106K	10x
Vest TSLA-USD-PERP	+0.0046%	1h	376.24	+0.053%	—	$129K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.04	0.000%	$44.4M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.12	+0.021%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.29	+0.066%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.76	−0.074%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0058%	8h	376.13	+0.023%	$850K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0076%	1h	376.38	+0.090%	$5K	$90K	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	+0.109%	$512K	$330K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.11	+0.019%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.19	+0.040%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.87	−0.045%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.11	+0.019%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.28	+0.063%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0196%	1h	376.08	+0.010%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.31	+0.338%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.17	+0.035%	$1.3M	$540K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0308%	1h	376.29	+0.066%	$20K	$189K	10x	as long as short