Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h 0.000%

Price spread now: QFEX against Binance−0.040%7-day average −0.048% · 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−$24as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.040%, 7d avg −0.048%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$1 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	376.08	0.0030	pay 0.0030% / 8h	56m 02s	$47.1M	$113.3M	25x
Short	QFEX TSLA-USD	375.93	0.0067	get 0.0008% / 1h	56m 02s	$1.2M	$6.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $7.7
Price spread: −0.040% → −0.048%: $0.79
Slippage, 4 orders: −$4.31
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.82
Costs to cover: 0.243%
Break-even: 21.4 days

Slippage from Binance: live order book, 2 min ago; QFEX: live order book, 8 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, 2 min ago	0.13 bp	5.7 bp −$6	8.5 bp −$85	30.3 bp −$3,029	doesn't fit
Sell QFEX live order book, 8 min ago	1.46 bp	6.5 bp −$6	7.1 bp −$71	12.8 bp −$1,278	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	−0.0281%	4h	376.00	−0.022%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.01	−0.019%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.00	−0.021%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.04	−0.011%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.05	−0.008%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.99	−0.024%	$17.2M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.97	−0.029%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.02	−0.016%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.00	−0.021%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0030%	1h	375.81	−0.071%	$38K	$37K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TSLAUSDTlong	+0.0030%	8h	376.08	long leg	$47.1M	$113.3M	25x
Lighter RH TSLA	+0.0032%	1h	375.96	−0.032%	$1.3M	$2.5M	20x	as long as short
Extended TSLA_24_5-USD	+0.0032%	1h	375.93	−0.039%	$480K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	375.75	−0.088%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.84	−0.064%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.94	−0.037%	—	$119K	25x	as long as short
BloFin TSLA-USDT	+0.0048%	8h	376.03	−0.013%	$577K	$355K	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.79	−0.077%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.85	−0.061%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.96	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.65	−0.114%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USDshort	+0.0067%	1h	375.93	−0.040%	$1.2M	$6.2M	10x
Pacifica TSLA	+0.0100%	1h	375.68	−0.107%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.84	−0.064%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.66	−0.112%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.81	−0.072%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.05	−0.008%	$745	—	10x	as long as short
Lighter TSLA	+0.0168%	1h	375.98	−0.027%	$820K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.104%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.920%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0245%	8h	376.09	+0.004%	$849K	$2.8M	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.16	+0.021%	$214K	$643K	20x	as long as short
Bullet TSLA-USD	+0.0268%	1h	376.10	+0.006%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0297%	1h	375.79	−0.077%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	376.10	+0.005%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0389%	1h	376.04	−0.011%	$18K	$194K	10x	as long as short