Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.008%

Price spread now: tradeXYZ against BloFin−0.077%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.077%, 7d avg −0.071%

Together, before fees−0.017%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$2 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	376.73	0.0100	pay 0.0100% / 8h	31m 01s	$578K	$355K	20x
Short	tradeXYZ xyz:TSLA	376.44	0.0050	get 0.0006% / 1h	31m 01s	$44.7M	$14.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$10.52
Price spread: −0.077% → −0.071%: −$0.61
Slippage, 4 orders: −$3.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$44.83
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from BloFin: live order book, 50 min ago; tradeXYZ: 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 BloFin live order book, 50 min ago	0.53 bp	6.9 bp −$7	8.6 bp −$86	26.1 bp −$2,609	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.40 bp	10.1 bp −$10	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	−0.0196%	4h	376.69	−0.011%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.67	−0.016%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.73	0.000%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.70	−0.008%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.63	−0.027%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.46	−0.072%	$200K	$922K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.66	−0.019%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0003%	8h	376.37	−0.096%	$574K	$200K	50x	as long as short
Hotstuff TSLA-PERP	+0.0024%	1h	376.48	−0.066%	$34K	—	20x	as long as short
Aftermath Perps TSLAUSD	+0.0031%	1h	376.54	−0.051%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	376.56	−0.045%	$1.3M	$2.5M	20x	as long as short
Variational Omni TSLA	+0.0036%	8h	376.58	−0.039%	$1.9M	$1.3M	—	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.51	−0.058%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.66	−0.019%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLAshort	+0.0050%	1h	376.44	−0.077%	$44.7M	$14.9M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	376.53	−0.053%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.62	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.38	−0.093%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.67	−0.016%	$1.2M	$6.2M	10x	as long as short
Binance TSLAUSDT	+0.0071%	8h	376.70	−0.009%	$47.1M	$113.5M	25x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	376.59	−0.037%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.55	−0.048%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.41	−0.085%	$1.5M	$825K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.43	−0.080%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.57	−0.042%	$41K	$23K	20x	as long as short
BloFin TSLA-USDTlong	+0.0100%	8h	376.73	long leg	$578K	$355K	20x
Aevo TSLA-PERP	+0.0104%	1h	376.66	−0.020%	$746	—	10x	as long as short
Lighter TSLA	+0.0160%	1h	376.58	−0.040%	$822K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.276%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.815%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.82	+0.024%	$215K	$651K	20x	as long as short
Bullet TSLA-USD	+0.0262%	1h	376.73	0.000%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0274%	1h	376.43	−0.078%	$489K	$111K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0282%	8h	376.82	+0.025%	$851K	$2.8M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0361%	1h	376.54	−0.050%	$18K	$195K	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.80	+0.019%	$1.3M	$525K	20x	as long as short