Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.013%

Price spread now: Binance against Coinbase International+0.106%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 2 days (all we have)+0.290%+$29 · spread now +0.106%, 7d avg +0.100%

Together, before fees+0.175%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.100%, 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	Coinbase International TSLA-PERP-INTX	375.11	0.0120	pay 0.0015% / 1h	44m 08s	$529K	$328K	10x
Short	Binance TSLAUSDT	375.51	0	get 0.0000% / 8h	44m 08s	$46.9M	$110.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.106%Rate

Funding earned: −$25.2
Price spread: +0.106% → +0.100%: $0.57
Slippage, 4 orders: −$8.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.08
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 34 min ago; Binance: live order book, 14 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 Coinbase International live order book, 34 min ago	3.20 bp	8.9 bp −$9	11.3 bp −$113	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.13 bp	5.8 bp −$6	8.2 bp −$82	24.9 bp −$2,493	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	−0.0655%	4h	375.37	+0.070%	$397K	$1.0M	10x	as long as short
Nado TSLA-PERP	−0.0022%	1h	375.40	+0.078%	$495K	$108K	20x	as long as short
BloFin TSLA-USDT	−0.0017%	8h	375.53	+0.112%	$522K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.29	+0.048%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.43	+0.086%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	375.51	+0.106%	$46.9M	$110.0M	25x
Bybit TSLAUSDT	0.0000%	8h	375.61	+0.133%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.58	+0.125%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.46	+0.093%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.44	+0.088%	$16.7M	$22.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	375.52	+0.109%	$1.8M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.57	+0.123%	$199K	$899K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.53	+0.112%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.32	+0.056%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.44	+0.088%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0011%	1h	375.24	+0.034%	$38K	$48K	10x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.37	+0.069%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.49	+0.101%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.51	+0.107%	$1.2M	$2.6M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.49	+0.101%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.31	+0.053%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.30	+0.051%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.42	+0.083%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.17	+0.016%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0056%	1h	375.28	+0.045%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.31	+0.053%	$165K	$96K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.59	+0.127%	$185K	$536K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.37	+0.070%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.29	+0.048%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.21	+0.027%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.30	+0.051%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.45	+0.091%	$743	—	10x	as long as short
Coinbase International TSLA-PERP-INTXlong	+0.0120%	1h	375.11	long leg	$529K	$328K	10x
GRVT TSLA_USDT_Perp	+0.0122%	8h	375.44	+0.087%	$848K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.07	+0.256%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.45	+0.091%	$1.3M	$547K	20x	as long as short