Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%

Price spread now: Deribit against Bybit−0.072%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.196%+$20 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.072%, 7d avg −0.041%

Together, before fees+0.209%+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.031% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	375.81	0	get 0.0000% / 8h	39m 14s	$10.2M	$15.4M	100x
Short	Deribit TSLA_USDC-PERPETUAL	375.54	0	get 0.0000% / 1h	39m 14s	$20K	$187K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.041%: −$3.09
Slippage, 4 orders: −$9.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.41
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Deribit: live order book, 39 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 Bybit live order book, 4 min ago	0.27 bp	7.3 bp −$7	12.2 bp −$122	150.4 bp −$15.0K	doesn't fit
Sell Deribit live order book, 39 min ago	0.13 bp	8.6 bp −$9	13.0 bp −$130	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	−0.0051%	4h	375.60	−0.056%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.37	−0.117%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.54	−0.071%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.61	−0.053%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	375.81	long leg	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.68	−0.035%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.62	−0.051%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.57	−0.064%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.61	−0.054%	$1.9M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.64	−0.045%	$199K	$897K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	375.62	−0.051%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUALshort	0.0000%	1h	375.54	−0.072%	$20K	$187K	10x
Phemex TSLAUSDT	0.0000%	4h	375.60	−0.056%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	375.36	−0.121%	$38K	$48K	10x	as long as short
BloFin TSLA-USDT	+0.0024%	8h	375.61	−0.053%	$570K	$341K	20x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.55	−0.069%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.61	−0.053%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.66	−0.040%	$1.2M	$2.6M	20x	as long as short
Nado TSLA-PERP	+0.0034%	1h	375.49	−0.085%	$495K	$109K	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.60	−0.056%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.40	−0.109%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.44	−0.098%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.55	−0.069%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.26	−0.146%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0056%	1h	375.39	−0.112%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.46	−0.093%	$165K	$96K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.67	−0.038%	$260K	$573K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.46	−0.094%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.41	−0.106%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.36	−0.120%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.62	−0.051%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.55	−0.070%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.186%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0131%	8h	375.66	−0.040%	$842K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.46	+0.173%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.69	−0.032%	$1.3M	$547K	20x	as long as short