Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.032%

Price spread now: Phemex against Bullet+0.015%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TSLA-USD	378.17	0.0146	pay 0.0018% / 1h	27m 01s	$5K	$94K	10x
Short	Phemex TSLAUSDT	378.23	0	get 0.0000% / 4h	1h 27m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$30.74
Price spread: +0.015% → 0.000%: $1.48
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$49.26
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago	1.98 bp	28.7 bp −$29	doesn't fit	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 exchanges

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
Hotstuff TSLA-PERP	−0.1600%	1h	377.89	−0.075%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0528%	4h	378.10	−0.020%	$399K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.19	+0.004%	$10.2M	$14.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.18	+0.002%	$11.3M	$15.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.19	+0.004%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.21	+0.010%	$17.3M	$24.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	377.94	−0.062%	$201K	$985K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.93	−0.065%	$18K	$189K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	378.23	+0.015%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0023%	1h	377.95	−0.060%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	378.11	−0.017%	$1.2M	$2.5M	20x	as long as short
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.191%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	377.89	−0.075%	$133K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.09	−0.022%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.91	−0.070%	$44.8M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.92	−0.067%	$301K	$134K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	378.07	−0.028%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.92	−0.067%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USD	+0.0051%	1h	378.09	−0.022%	$1.2M	$6.2M	10x	as long as short
Lighter TSLA	+0.0072%	1h	378.15	−0.006%	$809K	$3.6M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.86	−0.083%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.87	−0.080%	$1.4M	$4.1M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.92	−0.067%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.90	−0.072%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.04	−0.036%	$749	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.89	−0.075%	$519K	$384K	10x	as long as short
Aster TSLAUSDT	+0.0121%	8h	378.32	+0.038%	$576K	$200K	50x	as long as short
Variational Omni TSLA	+0.0146%	8h	377.99	−0.050%	$1.7M	$1.5M	—	as long as short
Bullet TSLA-USDlong	+0.0146%	1h	378.17	long leg	$5K	$94K	10x
BloFin TSLA-USDT	+0.0170%	8h	378.22	+0.012%	$590K	$375K	20x	as long as short
Extended TSLA_24_5-USD	+0.0176%	1h	378.11	−0.017%	$486K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0176%	8h	378.21	+0.010%	$47.5M	$115.1M	25x	as long as short
Nado TSLA-PERP	+0.0186%	1h	377.94	−0.063%	$501K	$99K	20x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.21	+0.010%	$229K	$634K	20x	as long as short
Phoenix TSLA	+0.0360%	1h	378.21	+0.010%	$1.3M	$484K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0421%	8h	378.13	−0.012%	$847K	$2.9M	10x	as long as short