Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.001%

Price spread now: Binance against Deribit+0.011%7-day average +0.023% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.168%−$17 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.011%, 7d avg +0.023%

Together, before fees−0.125%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSLA_USDC-PERPETUAL	376.59	0.0016	pay 0.0002% / 1h	38m 36s	$20K	$188K	10x
Short	Binance TSLAUSDT	376.63	0	get 0.0000% / 8h	4h 38m	$47.3M	$111.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$3.28
Price spread: +0.011% → +0.023%: −$1.27
Slippage, 4 orders: −$6.95
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.5
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Deribit: live order book, 20 min ago; Binance: live order book, 4 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 Deribit live order book, 20 min ago	0.13 bp	9.2 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.13 bp	5.8 bp −$6	9.5 bp −$95	27.2 bp −$2,719	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	−0.0268%	4h	376.63	+0.011%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0008%	8h	376.69	+0.027%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.63	+0.010%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.54	−0.014%	$480K	$4.7M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	376.63	+0.011%	$47.3M	$111.1M	25x
Bybit TSLAUSDT	0.0000%	8h	376.66	+0.019%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.60	+0.003%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.68	+0.025%	$290K	$587K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.35	−0.064%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.62	+0.008%	$17.0M	$23.1M	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	376.64	+0.012%	$1.9M	$1.4M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.59	0.000%	$200K	$907K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.66	+0.019%	$1.1M	$14K	10x	as long as short
Deribit TSLA_USDC-PERPETUALlong	+0.0016%	1h	376.59	long leg	$20K	$188K	10x
Aftermath Perps TSLAUSD	+0.0017%	1h	376.47	−0.032%	$38K	$42K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.63	+0.011%	$817K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.62	+0.008%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.57	−0.005%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.32	−0.072%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.66	+0.019%	—	$130K	25x	as long as short
Bullet TSLA-USD	+0.0047%	1h	376.65	+0.015%	$6K	$92K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.39	−0.053%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.39	−0.053%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.57	−0.005%	$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	+0.0097%	8h	376.64	+0.013%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.50	−0.025%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.56	−0.008%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.62	+0.008%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.49	−0.027%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.54	−0.012%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0144%	1h	376.54	−0.013%	$490K	$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