Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.013%

Price spread now: Coinbase International against Binance−0.138%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$12 on $10k

Price spread, last 2 days (all we have)−0.257%−$26 · spread now −0.138%, 7d avg −0.100%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.038% cheaper against Binance than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.100%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.115% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSLAUSDT	375.63	0	get 0.0000% / 8h	40m 13s	$46.9M	$110.0M	25x
Short	Coinbase International TSLA-PERP-INTX	375.11	0.0120	get 0.0015% / 1h	40m 13s	$529K	$328K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.138%Rate

Funding earned: $25.2
Price spread: −0.138% → −0.100%: −$3.84
Slippage, 4 orders: −$8.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$6.66
Costs to cover: 0.280%
Break-even: 8.9 days

Slippage from Binance: live order book, 3 min ago; Coinbase International: live order book, 38 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 Binance live order book, 3 min ago	0.13 bp	5.8 bp −$6	8.9 bp −$89	23.7 bp −$2,369	doesn't fit
Sell Coinbase International live order book, 38 min ago	3.20 bp	8.2 bp −$8	11.4 bp −$114	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	−0.0442%	4h	375.53	−0.026%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0001%	8h	375.63	0.000%	$567K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.34	−0.077%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.56	−0.017%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDTlong	0.0000%	8h	375.63	long leg	$46.9M	$110.0M	25x
Bybit TSLAUSDT	0.0000%	8h	375.74	+0.029%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.66	+0.008%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.59	−0.011%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.53	−0.027%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.61	−0.006%	$1.9M	$1.2M	—	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	375.59	−0.011%	$199K	$897K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.61	−0.005%	$5K	$91K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.57	−0.016%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	375.34	−0.076%	$38K	$48K	10x	as long as short
Nado TSLA-PERP	+0.0023%	1h	375.47	−0.044%	$495K	$109K	20x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.55	−0.021%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.58	−0.013%	$651K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.60	−0.008%	$1.2M	$2.6M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.34	−0.077%	$34K	—	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.57	−0.016%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.36	−0.072%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.37	−0.069%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.53	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.26	−0.099%	$1.6M	$1.0M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0070%	1h	375.56	−0.019%	$20K	$187K	10x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.44	−0.051%	$165K	$96K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.67	+0.010%	$260K	$573K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.44	−0.051%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.36	−0.072%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.31	−0.085%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.35	−0.075%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.55	−0.022%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0120%	1h	375.11	−0.138%	$529K	$328K	10x
GRVT TSLA_USDT_Perp	+0.0129%	8h	375.66	+0.009%	$842K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.46	+0.221%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.66	+0.008%	$1.3M	$547K	20x	as long as short