Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.040%

Price spread now: Lighter against Bybit−0.024%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.024%, 7d avg −0.052%

Together, before fees+0.096%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	376.59	0	get 0.0000% / 8h	4h 37m	$10.3M	$15.4M	100x
Short	Lighter TSLA	376.50	0.0032	get 0.0004% / 1h	37m 05s	$816K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $6.72
Price spread: −0.024% → −0.052%: $2.82
Slippage, 4 orders: −$4.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.69
Costs to cover: 0.152%
Break-even: 12.9 days

Slippage from Bybit: live order book, 1 min ago; Lighter: 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 Bybit live order book, 1 min ago	0.13 bp	7.4 bp −$7	11.0 bp −$110	146.6 bp −$14.7K	doesn't fit
Sell Lighter live order book, 5 min ago	0.26 bp	0.9 bp −$1	2.5 bp −$25	31.4 bp −$3,136	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	−0.0679%	4h	376.60	+0.004%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.51	−0.022%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.43	−0.042%	$480K	$4.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.53	−0.016%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	376.59	long leg	$10.3M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.52	−0.019%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.58	−0.001%	$290K	$587K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.24	−0.093%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.47	−0.032%	$17.0M	$23.1M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.64	+0.012%	$1.9M	$1.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.59	0.000%	$200K	$907K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.44	−0.040%	$20K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.58	−0.003%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0017%	8h	376.61	+0.005%	$576K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.50	−0.025%	$38K	$42K	10x	as long as short
Lighter TSLAshort	+0.0032%	1h	376.50	−0.024%	$816K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	376.50	−0.024%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.46	−0.035%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.37	−0.058%	$140K	$96K	10x	as long as short
Bullet TSLA-USD	+0.0043%	1h	376.56	−0.008%	$6K	$92K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.56	−0.008%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.27	−0.085%	$44.3M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.31	−0.074%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.44	−0.040%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.46	−0.035%	$1.6M	$1.1M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.037%	$512K	$330K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0060%	8h	376.73	+0.037%	$845K	$2.8M	10x	as long as short
Gate TSLA_USDT	+0.0095%	8h	376.54	−0.013%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.40	−0.050%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.45	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.51	−0.021%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.37	−0.058%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.44	−0.040%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0144%	1h	376.42	−0.044%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.292%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.81	+0.058%	$1.3M	$539K	20x	as long as short