Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h −0.041%
Price spread now: QFEX against Arcus+0.103%7-day average +0.055% · 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−$27as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 3 days (all we have)−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.103%, 7d avg +0.055%
=The price spread pays, funding is against you. QFEX is 0.049% dearer against Arcus than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.055%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 3 days (−0.087% in total) that is about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus TSLA-USD | 376.90 | 0.0040 | pay 0.0005% / 1h | 38m 04s | $163K | $93K | 10x |
| Short | QFEX TSLA-USD | 377.29 | 0.0023 | get 0.0003% / 1h | 38m 04s | $1.3M | $6.7M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.62
- Price spread: +0.103% → +0.055%
- $4.86
- Slippage, 4 orders
- −$17.69
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$30.95
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 30 min ago; QFEX: live order book, 6 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, 30 min ago | 2.13 bp | 10.7 bp −$11 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 0.80 bp | 5.8 bp −$6 | 6.0 bp −$60 | 13.5 bp −$1,347 | 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 | −0.0735% | 4h | 376.86 | −0.011% | $398K | $1.0M | 10x | as long as short |
| Hotstuff TSLA-PERP | −0.0064% | 1h | 377.05 | +0.040% | $34K | — | 20x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | −0.0041% | 1h | 377.26 | +0.096% | $20K | $187K | 10x | as long as short |
| BloFin TSLA-USDT | −0.0027% | 8h | 376.98 | +0.021% | $576K | $341K | 20x | as long as short |
| Coinbase International TSLA-PERP-INTX | −0.0016% | 1h | 377.25 | +0.093% | $513K | $328K | 10x | as long as short |
| Aster TSLAUSDT | 0.0000% | 8h | 377.44 | +0.142% | $578K | $195K | 50x | as long as short |
| Extended TSLA_24_5-USD | 0.0000% | 1h | 377.39 | +0.130% | $479K | $10.3M | 10x | as long as short |
| Binance TSLAUSDT | 0.0000% | 8h | 377.66 | +0.201% | $47.3M | $110.0M | 25x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 377.78 | +0.233% | $10.3M | $15.5M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 377.64 | +0.196% | $11.2M | $16.8M | 25x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx TSLA/USDC | 0.0000% | 1h | 377.47 | +0.151% | $292K | $598K | 20x | as long as short |
| Gate TSLA_USDT | 0.0000% | 8h | 377.46 | +0.149% | $2.3M | $3.8M | 100x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 377.45 | +0.146% | $16.9M | $22.8M | 100x | as long as short |
| Variational Omni TSLA | 0.0000% | 8h | 376.93 | +0.007% | $1.9M | $1.3M | — | as long as short |
| StandX TSLA-USD | 0.0000% | 1h | 376.97 | +0.019% | $200K | $906K | 20x | as long as short |
| Bullet TSLA-USD | 0.0000% | 1h | 377.48 | +0.154% | $6K | $93K | 10x | as long as short |
| Phemex TSLAUSDT | 0.0000% | 4h | 377.42 | +0.138% | $1.1M | $14K | 10x | as long as short |
| Aftermath Perps TSLAUSD | +0.0009% | 1h | 376.87 | −0.007% | $38K | $45K | 10x | as long as short |
| QFEX TSLA-USDshort | +0.0023% | 1h | 377.29 | +0.103% | $1.3M | $6.7M | 10x | |
| Lighter TSLA | +0.0032% | 1h | 377.52 | +0.164% | $829K | $3.6M | 20x | as long as short |
| Lighter RH TSLA | +0.0032% | 1h | 377.57 | +0.178% | $1.2M | $2.6M | 20x | as long as short |
| Arcus TSLA-USDlong | +0.0040% | 1h | 376.90 | long leg | $163K | $93K | 10x | |
| tradeXYZ xyz:TSLA | +0.0045% | 1h | 377.32 | +0.111% | $44.4M | $14.0M | 20x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 377.45 | +0.146% | — | $130K | 25x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 377.26 | +0.096% | $301K | $310K | 10x | as long as short |
| SoDEX TSLA-USD | +0.0050% | 1h | 377.36 | +0.122% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 377.20 | +0.080% | $1.5M | $1.1M | 10x | as long as short |
| GRVT TSLA_USDT_Perp | +0.0057% | 8h | 377.07 | +0.044% | $849K | $2.8M | 10x | as long as short |
| Nado TSLA-PERP | +0.0086% | 1h | 377.17 | +0.072% | $491K | $112K | 20x | as long as short |
| Pacifica TSLA | +0.0100% | 1h | 377.14 | +0.065% | $391K | $38K | 10x | as long as short |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 377.11 | +0.056% | $1.5M | $106K | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 376.94 | +0.011% | $4K | $61K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 377.48 | +0.154% | $41K | $20K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 377.38 | +0.128% | $747 | — | 10x | as long as short |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 377.88 | +0.260% | $79K | $36K | 30x | as long as short |
| Phoenix TSLA | +0.0255% | 1h | 376.92 | +0.005% | $1.3M | $539K | 20x | as long as short |
edgeX TSLAUSDC
Deribit TSLA_USDC-PERPETUAL
BloFin TSLA-USDT
Coinbase International TSLA-PERP-INTX
Aster TSLAUSDT
Extended TSLA_24_5-USD
Binance TSLAUSDT
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
RISEx TSLA/USDC
Gate TSLA_USDT
Bitget TSLAUSDT
Variational Omni TSLA
StandX TSLA-USD
Bullet TSLA-USD
Phemex TSLAUSDT
Aftermath Perps TSLAUSD
Lighter TSLA
Lighter RH TSLA
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
SoDEX TSLA-USD
GRVT TSLA_USDT_Perp
Pacifica TSLA
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Injective TSLA/USDC PERP
Phoenix TSLA