Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.031%

Price spread now: Lighter against BloFin+0.162%780s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as 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−$140.139% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.162%, 7d avg −0.021%

Together, before fees−0.226%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.183% dearer against BloFin than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 780 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSLA-USDT	376.98	−0.0027	get 0.0027% / 8h	6h 36m	$576K	$341K	20x
Short	Lighter TSLA	377.59	0.0032	get 0.0004% / 1h	36m 19s	$825K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.162%Rate

Funding earned: $12.39
Price spread: +0.162% → −0.021%: $18.32
Slippage, 4 orders: −$1.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $16.81
Costs to cover: 0.139%
Break-even: from the start

Slippage from BloFin: live order book, 30 min ago; Lighter: live order book, 6 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 BloFin live order book, 30 min ago	0.13 bp	6.8 bp −$7	9.8 bp −$98	20.1 bp −$2,015	doesn't fit
Sell Lighter live order book, 6 min ago	0.13 bp	0.1 bp $0	1.8 bp −$18	32.5 bp −$3,254	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	−0.0700%	4h	377.11	+0.036%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0064%	1h	377.26	+0.074%	$34K	—	20x	as long as short
BloFin TSLA-USDTlong	−0.0027%	8h	376.98	long leg	$576K	$341K	20x
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.44	+0.122%	$513K	$329K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.49	+0.135%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.54	+0.147%	$480K	$10.3M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.64	+0.176%	$47.3M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.71	+0.194%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.60	+0.164%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.51	+0.140%	$292K	$598K	20x	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	0.0000%	8h	377.55	+0.151%	$2.3M	$3.8M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.49	+0.135%	$16.9M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.59	+0.161%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.40	+0.111%	$200K	$907K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.61	+0.167%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.49	+0.135%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.62	+0.170%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	377.15	+0.045%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.43	+0.119%	$1.3M	$6.7M	10x	as long as short
Lighter TSLAshort	+0.0032%	1h	377.59	+0.162%	$825K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	377.60	+0.164%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.18	+0.053%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.61	+0.167%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0046%	1h	377.34	+0.095%	$44.4M	$14.0M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0048%	8h	377.31	+0.088%	$849K	$2.8M	10x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.34	+0.095%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.55	+0.151%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.38	+0.106%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0084%	1h	377.44	+0.122%	$491K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.46	+0.127%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.18	+0.053%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.12	+0.037%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.63	+0.172%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.51	+0.140%	$747	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.19	+0.321%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.47	+0.130%	$1.3M	$539K	20x	as long as short