Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0255%/8h= +27.9% APRpaid last 24h +0.088%

Price spread now: Phoenix against Binance+0.048%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs+$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Binance Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.605%+$60 on $10k

Price spread, last 7 days+0.043%+$4 · spread now +0.048%, 7d avg +0.029%

Together, before fees+0.648%+$65 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSLAUSDT	376.63	0	get 0.0000% / 8h	4h 38m	$47.3M	$111.1M	25x
Short	Phoenix TSLA	376.81	0.0255	get 0.0032% / 1h	38m 38s	$1.3M	$539K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.048%Rate

Funding earned: $53.47
Price spread: +0.048% → +0.029%: $1.98
Slippage, 4 orders: −$14.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $24.34
Costs to cover: 0.311%
Break-even: 3.8 days

Slippage from Binance: live order book, 4 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 Binance live order book, 4 min ago	0.13 bp	5.4 bp −$5	8.4 bp −$84	26.2 bp −$2,623	doesn't fit
Sell Phoenix live order book, 5 min ago	2.92 bp	10.0 bp −$10	20.3 bp −$203	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	−0.0268%	4h	376.63	+0.001%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0008%	8h	376.69	+0.017%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.63	+0.001%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.54	−0.024%	$480K	$4.7M	10x	as long as short
Binance TSLAUSDTlong	0.0000%	8h	376.63	long leg	$47.3M	$111.1M	25x
Bybit TSLAUSDT	0.0000%	8h	376.68	+0.014%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.60	−0.007%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.66	+0.009%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.62	−0.002%	$17.0M	$23.1M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.64	+0.002%	$1.9M	$1.4M	—	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	376.70	+0.019%	$200K	$906K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.66	+0.009%	$1.1M	$14K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0016%	1h	376.59	−0.010%	$20K	$188K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.47	−0.042%	$38K	$42K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.63	+0.001%	$817K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.62	−0.002%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.60	−0.007%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.32	−0.082%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.70	+0.019%	—	$130K	25x	as long as short
Bullet TSLA-USD	+0.0047%	1h	376.65	+0.005%	$6K	$92K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.39	−0.063%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.40	−0.060%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.57	−0.015%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.46	−0.044%	$1.6M	$1.1M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.047%	$512K	$330K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0060%	8h	376.73	+0.027%	$845K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0088%	1h	376.38	−0.066%	$34K	—	20x	as long as short
Gate TSLA_USDT	+0.0099%	8h	376.65	+0.006%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.50	−0.035%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.56	−0.018%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.62	−0.002%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.49	−0.037%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.54	−0.022%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0145%	1h	376.62	−0.002%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.282%	$79K	$36K	30x	as long as short
Phoenix TSLAshort	+0.0255%	1h	376.81	+0.048%	$1.3M	$539K	20x