Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.011%

Price spread now: Phemex against BloFin+0.005%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$810.806% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.005%, 7d avg −0.006%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSLA-USDT	376.21	0.0009	pay 0.0009% / 8h	7h 23m	$572K	$338K	20x
Short	Phemex TSLAUSDT	376.23	0	get 0.0000% / 4h	3h 23m	$1.1M	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$1.96
Price spread: +0.005% → −0.006%: $1.14
Slippage, 4 orders: −$56.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$81.39
Costs to cover: 0.806%
Break-even: never at this rate

Slippage from BloFin: live order book, 48 min ago; Phemex: 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 BloFin live order book, 48 min ago	0.13 bp	7.9 bp −$8	9.3 bp −$93	18.8 bp −$1,878	doesn't fit
Sell Phemex live order book, 5 min ago	1.73 bp	38.5 bp −$38	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	−0.0402%	4h	376.37	+0.043%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.09	−0.031%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.08	−0.034%	$477K	$11.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.20	−0.004%	$47.0M	$109.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.19	−0.005%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.13	−0.021%	$11.2M	$16.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.18	−0.008%	$2.4M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.12	−0.024%	$16.8M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.41	+0.054%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.44	+0.061%	$200K	$896K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.04	−0.045%	$20K	$186K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.23	+0.005%	$1.1M	$13K	10x
BloFin TSLA-USDTlong	+0.0009%	8h	376.21	long leg	$572K	$338K	20x
Aftermath Perps TSLAUSD	+0.0010%	1h	376.10	−0.029%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.08	−0.035%	$1.2M	$7.0M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.22	+0.003%	$829K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.24	+0.008%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.22	+0.003%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.20	−0.003%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.292%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.97	−0.064%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.98	−0.061%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.13	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.90	−0.082%	$1.6M	$1.1M	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.24	+0.007%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.02	−0.051%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.95	−0.069%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	+0.003%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.21	0.000%	$41K	$20K	20x	as long as short
Bullet TSLA-USD	+0.0103%	1h	376.20	−0.003%	$5K	$92K	10x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.12	−0.023%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0137%	1h	376.08	−0.034%	$489K	$112K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0146%	8h	376.40	+0.051%	$846K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.35	+0.303%	$78K	$36K	30x	as long as short
Hotstuff TSLA-PERP	+0.0224%	1h	375.95	−0.069%	$34K	—	20x	as long as short
Phoenix TSLA	+0.0277%	1h	376.64	+0.114%	$1.3M	$547K	20x	as long as short