Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0628%/8h= −68.7% APRpaid last 24h −0.208%

Price spread now: edgeX against Binance−0.036%70s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.296% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.036%, 7d avg −0.038%

Together, before fees−0.105%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSLAUSDT	376.48	0	get 0.0000% / 8h	3h 16m	$47.0M	$112.4M	25x
Short	edgeX TSLAUSDC	376.34	−0.0628	pay 0.0314% / 4h	3h 16m	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$131.8
Price spread: −0.036% → −0.038%: $0.15
Slippage, 4 orders: −$10.64
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$161.29
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; edgeX: 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 Binance live order book, 12 min ago	0.13 bp	6.3 bp −$6	12.9 bp −$129	32.0 bp −$3,199	doesn't fit
Sell edgeX live order book, 2 min ago	4.25 bp	8.9 bp −$9	11.8 bp −$118	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 TSLAUSDCshort	−0.0628%	4h	376.34	−0.036%	$398K	$1.0M	10x
Hotstuff TSLA-PERP	−0.0040%	1h	376.03	−0.119%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.44	−0.010%	$577K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.37	−0.028%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDTlong	0.0000%	8h	376.48	long leg	$47.0M	$112.4M	25x
Bybit TSLAUSDT	0.0000%	8h	376.43	−0.013%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.35	−0.034%	$11.3M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.48	+0.001%	$290K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.33	−0.040%	$17.1M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.37	−0.029%	$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	376.36	−0.032%	$200K	$895K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.41	−0.018%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0018%	1h	376.12	−0.095%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0026%	8h	376.45	−0.008%	$2.3M	$3.5M	100x	as long as short
BloFin TSLA-USDT	+0.0027%	8h	376.39	−0.024%	$577K	$353K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.37	−0.029%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.36	−0.032%	$1.2M	$6.2M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.10	−0.101%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.28	−0.053%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.08	−0.106%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.23	−0.066%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.32	−0.042%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.07	−0.109%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0064%	1h	376.32	−0.042%	$839K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.093%	$511K	$339K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0096%	8h	376.48	−0.001%	$845K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.11	−0.098%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.21	−0.072%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.17	−0.082%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.15	−0.087%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.35	−0.035%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0126%	1h	376.43	−0.014%	$4K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0216%	1h	376.20	−0.073%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.78	+0.345%	$79K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0255%	1h	376.33	−0.040%	$18K	$192K	10x	as long as short
Phoenix TSLA	+0.0276%	1h	376.28	−0.053%	$1.3M	$540K	20x	as long as short