Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0385%/8h= +42.2% APRpaid last 24h +0.088%

Price spread now: Phoenix against Aster+0.209%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.612%+$61 on $10k

Price spread, last 7 days−0.115%−$11 · spread now +0.209%, 7d avg +0.022%

Together, before fees+0.497%+ Points / potential airdropAster: Stage 5 · farm board+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.187% dearer against Aster than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TSLAUSDT	376.72	0.0019	pay 0.0019% / 8h	13m 06s	$575K	$200K	50x
Short	Phoenix TSLA	377.51	0.0404	get 0.0051% / 1h	13m 06s	$1.3M	$525K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. 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 AsterbpFee PhoenixbpOrdersPrice spread, now +0.209%Rate

Funding earned: $80.94
Price spread: +0.209% → +0.022%: $18.67
Slippage, 4 orders: −$28.27
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $56.33
Costs to cover: 0.433%
Break-even: 2.1 days

Slippage from Aster: live order book, 24 min ago; Phoenix: live order book, 5 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 Aster live order book, 24 min ago	1.73 bp	18.0 bp −$18	309.6 bp −$3,096	doesn't fit	doesn't fit
Sell Phoenix live order book, 5 min ago	2.65 bp	9.6 bp −$10	19.0 bp −$190	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	−0.0276%	4h	377.20	+0.127%	$399K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.04	+0.084%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.01	+0.076%	$11.3M	$17.0M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	377.06	+0.089%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.94	+0.058%	$17.3M	$23.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.97	+0.065%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.07	+0.092%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDTlong	+0.0019%	8h	376.72	long leg	$575K	$200K	50x
Lighter RH TSLA	+0.0032%	1h	376.93	+0.055%	$1.2M	$2.6M	20x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.90	+0.046%	$38K	$36K	10x	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	377.02	+0.079%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.97	+0.065%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.75	+0.007%	$44.7M	$15.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.84	+0.031%	$301K	$303K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.79	+0.018%	$1.6M	$1.1M	10x	as long as short
SoDEX TSLA-USD	+0.0051%	1h	377.01	+0.076%	$4K	$3K	10x	as long as short
BloFin TSLA-USDT	+0.0054%	8h	377.10	+0.100%	$580K	$356K	20x	as long as short
Variational Omni TSLA	+0.0055%	8h	377.18	+0.120%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.98	+0.068%	$1.2M	$6.2M	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	376.88	+0.042%	$34K	—	20x	as long as short
Binance TSLAUSDT	+0.0084%	8h	376.99	+0.071%	$47.2M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	377.02	+0.078%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.75	+0.007%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.85	+0.034%	$1.5M	$1.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.91	+0.050%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.04	+0.084%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.04	+0.084%	$747	—	10x	as long as short
Lighter TSLA	+0.0152%	1h	376.94	+0.058%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	377.51	+0.209%	$511K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.817%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0241%	1h	377.02	+0.079%	$6K	$92K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	377.10	+0.101%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0277%	1h	376.69	−0.009%	$499K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0292%	8h	377.21	+0.128%	$853K	$2.8M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0334%	1h	376.94	+0.058%	$18K	$195K	10x	as long as short
Phoenix TSLAshort	+0.0404%	1h	377.51	+0.209%	$1.3M	$525K	20x