Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0258%/8h= −28.3% APRpaid last 24h −0.029%

Price spread now: Bybit against Bullet−0.021%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.021% cheaper against Bullet than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	Bullet TSLA-USD	375.95	0.0258	pay 0.0032% / 1h	15m 33s	$6K	$90K	10x
Short	Bybit TSLAUSDT	375.87	0	get 0.0000% / 8h	1h 15m	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bullet. 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 BulletbpFee BybitbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$54.27
Price spread: −0.021% → 0.000%: −$2.13
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$75.4
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 Bullet no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.67 bp	7.8 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0160%	4h	375.88	−0.019%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0020%	8h	375.95	0.000%	$576K	$356K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.98	+0.009%	$574K	$200K	50x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	375.87	−0.021%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.84	−0.029%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.93	−0.005%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.79	−0.043%	$17.2M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.87	−0.021%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.98	+0.008%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.90	−0.013%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TSLA_24_5-USD	+0.0008%	1h	375.77	−0.048%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0009%	8h	375.87	−0.021%	$47.1M	$113.4M	25x	as long as short
Aftermath Perps TSLAUSD	+0.0028%	1h	375.64	−0.083%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.79	−0.043%	$1.3M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.62	−0.088%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.65	−0.080%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.78	−0.045%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.62	−0.088%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.76	−0.051%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.81	−0.037%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.56	−0.104%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.88	−0.019%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.57	−0.100%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.65	−0.080%	$1.4M	$140K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.56	−0.104%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.61	−0.090%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.85	−0.027%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.069%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.95	0.000%	$214K	$640K	20x	as long as short
Lighter TSLA	+0.0184%	1h	375.81	−0.037%	$820K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.66	+0.987%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0226%	8h	375.91	−0.012%	$846K	$2.8M	10x	as long as short
Bullet TSLA-USDlong	+0.0258%	1h	375.95	long leg	$6K	$90K	10x
Nado TSLA-PERP	+0.0292%	1h	375.62	−0.088%	$488K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0309%	1h	375.78	−0.045%	$18K	$194K	10x	as long as short
Phoenix TSLA	+0.0318%	1h	375.85	−0.027%	$1.3M	$528K	20x	as long as short