Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.015%

Price spread now: BloFin against Coinbase International−0.035%7-day average +0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.035%, 7d avg +0.108%

Together, before fees+0.115%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.142% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.108%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TSLA-PERP-INTX	376.45	0.0080	pay 0.0010% / 1h	44m 31s	$512K	$330K	10x
Short	BloFin TSLA-USDT	376.32	−0.0016	pay 0.0016% / 8h	3h 44m	$576K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$20.14
Price spread: −0.035% → +0.108%: −$14.21
Slippage, 4 orders: −$6.31
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.67
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 9 min ago; BloFin: live order book, 52 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, 9 min ago	2.26 bp	7.3 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell BloFin live order book, 52 min ago	0.13 bp	6.9 bp −$7	9.3 bp −$93	20.1 bp −$2,015	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	−0.0441%	4h	376.30	−0.039%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDTshort	−0.0016%	8h	376.32	−0.035%	$576K	$352K	20x
Aster TSLAUSDT	0.0000%	8h	376.39	−0.015%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.15	−0.081%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.27	−0.047%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.35	−0.027%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.20	−0.066%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.31	−0.039%	$290K	$582K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.20	−0.066%	$17.0M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.34	−0.029%	$1.9M	$1.3M	—	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	376.40	−0.013%	$200K	$899K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.49	+0.011%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	375.96	−0.130%	$38K	$41K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.18	−0.072%	$818K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.22	−0.061%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.25	−0.053%	$1.2M	$6.5M	10x	as long as short
Gate TSLA_USDT	+0.0036%	8h	376.24	−0.056%	$2.3M	$3.5M	100x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.04	−0.109%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.23	−0.058%	—	$129K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.98	−0.125%	$44.4M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.08	−0.098%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.18	−0.072%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.12	−0.088%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0058%	8h	376.13	−0.086%	$850K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0080%	1h	376.29	−0.043%	$5K	$90K	10x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	375.97	−0.128%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTXlong	+0.0080%	1h	376.45	long leg	$512K	$330K	10x
Pacifica TSLA	+0.0100%	1h	376.06	−0.102%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.18	−0.072%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.12	−0.088%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.07	−0.101%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.23	−0.057%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0200%	1h	376.10	−0.092%	$489K	$112K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0202%	1h	376.21	−0.064%	$20K	$189K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.31	+0.228%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.38	−0.019%	$1.3M	$540K	20x	as long as short