Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Bitget−0.032%46s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as 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−$800.800% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.032%, 7d avg −0.013%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TSLAUSDT	375.31	0	get 0.0000% / 8h	3h 31m	$16.7M	$22.3M	100x
Short	Phemex TSLAUSDT	375.19	0	get 0.0000% / 4h	3h 31m	$1.1M	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.013%: −$1.89
Slippage, 4 orders: −$55.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$81.85
Costs to cover: 0.800%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Phemex: 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 Bitget live order book, 3 min ago	0.53 bp	6.5 bp −$7	11.0 bp −$110	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.73 bp	31.1 bp −$31	doesn't fit	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	−0.0543%	4h	375.22	−0.024%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.44	+0.034%	$589K	$187K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.40	+0.024%	$10.2M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.33	+0.005%	$11.3M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.33	+0.005%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDTlong	0.0000%	8h	375.31	long leg	$16.7M	$22.3M	100x
Variational Omni TSLA	0.0000%	8h	375.33	+0.005%	$1.7M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.24	−0.019%	$199K	$898K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.09	−0.059%	$20K	$185K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	375.19	−0.032%	$1.1M	$13K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TSLAUSDT	+0.0006%	8h	375.34	+0.009%	$46.9M	$109.5M	25x	as long as short
Extended TSLA_24_5-USD	+0.0008%	1h	375.32	+0.003%	$447K	$10.6M	10x	as long as short
BloFin TSLA-USDT	+0.0024%	8h	375.15	−0.043%	$578K	$345K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0027%	1h	375.35	+0.011%	$38K	$51K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.37	+0.016%	$1.3M	$2.5M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.15	−0.043%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.08	−0.061%	$43.6M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.02	−0.077%	$296K	$284K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.20	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.87	−0.117%	$1.6M	$993K	10x	as long as short
QFEX TSLA-USD	+0.0055%	1h	375.37	+0.016%	$1.2M	$7.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	374.95	−0.096%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0093%	1h	375.18	−0.035%	$6K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.07	−0.064%	$388K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.16	−0.040%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.01	−0.080%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.25	−0.016%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.22	−0.025%	$743	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0104%	1h	375.59	+0.075%	$531K	$330K	10x	as long as short
Nado TSLA-PERP	+0.0108%	1h	375.07	−0.065%	$484K	$90K	20x	as long as short
RISEx TSLA/USDC	+0.0193%	1h	375.38	+0.018%	$169K	$531K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.67	+0.362%	$78K	$36K	30x	as long as short
Lighter TSLA	+0.0232%	1h	375.44	+0.035%	$1.1M	$2.8M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0247%	8h	375.28	−0.009%	$845K	$3.1M	10x	as long as short
Arcus TSLA-USD	+0.0299%	1h	375.24	−0.019%	$153K	$85K	10x	as long as short
Phoenix TSLA	+0.0383%	1h	375.43	+0.032%	$1.3M	$436K	20x	as long as short