Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.015%

Price spread now: Nado against Binance−0.092%7-day average −0.037% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.092%, 7d avg −0.037%

Together, before fees−0.075%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.055% cheaper against Binance than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.037%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$9 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.040% in total (about -4.2% 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	376.40	0	get 0.0000% / 8h	1h 51m	$47.2M	$113.3M	25x
Short	Nado TSLA-PERP	376.05	0.0307	get 0.0038% / 1h	51m 18s	$489K	$111K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.092%Rate

Funding earned: $64.53
Price spread: −0.092% → −0.037%: −$5.49
Slippage, 4 orders: −$18.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $24.02
Costs to cover: 0.350%
Break-even: 4.4 days

Slippage from Binance: live order book, 7 min ago; Nado: live order book, 57 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, 7 min ago	0.13 bp	5.4 bp −$5	10.0 bp −$100	36.6 bp −$3,660	doesn't fit
Sell Nado live order book, 57 min ago	4.25 bp	13.1 bp −$13	27.3 bp −$273	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	−0.0272%	4h	376.45	+0.014%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.43	+0.010%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.29	−0.027%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDTlong	0.0000%	8h	376.40	long leg	$47.2M	$113.3M	25x
Bybit TSLAUSDT	0.0000%	8h	376.38	−0.004%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.42	+0.006%	$11.2M	$17.0M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.37	−0.007%	$17.1M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.40	+0.001%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	+0.001%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.40	+0.001%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TSLA_USDT	+0.0006%	8h	376.41	+0.004%	$2.3M	$3.5M	100x	as long as short
BloFin TSLA-USDT	+0.0016%	8h	376.51	+0.030%	$577K	$356K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.27	−0.033%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.24	−0.041%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.22	−0.047%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.33	−0.018%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.09	−0.081%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.25	−0.039%	$301K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.32	−0.020%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.94	−0.121%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.36	−0.010%	$1.2M	$6.2M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	376.04	−0.095%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.16	−0.063%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.05	−0.092%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.16	−0.063%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.33	−0.018%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.30	−0.024%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.48	+0.022%	$508K	$347K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	376.40	0.000%	$214K	$642K	20x	as long as short
Lighter TSLA	+0.0152%	1h	376.27	−0.033%	$835K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0189%	8h	376.52	+0.032%	$844K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0209%	1h	376.42	+0.006%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.82	+0.378%	$79K	$36K	30x	as long as short
Nado TSLA-PERPshort	+0.0307%	1h	376.05	−0.092%	$489K	$111K	20x
Phoenix TSLA	+0.0318%	1h	376.46	+0.017%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0548%	1h	376.33	−0.018%	$18K	$194K	10x	as long as short