Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0229%/8h= −25.0% APRpaid last 24h −0.013%

Price spread now: Bitget against Deribit+0.011%7-day average +0.033% · 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−$31as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.011%, 7d avg +0.033%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.022% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSLA_USDC-PERPETUAL	376.33	0.0229	pay 0.0029% / 1h	19m 50s	$18K	$192K	10x
Short	Bitget TSLAUSDT	376.37	0	get 0.0000% / 8h	3h 19m	$17.1M	$22.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$47.99
Price spread: +0.011% → +0.033%: −$2.22
Slippage, 4 orders: −$9.39
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$78.59
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Deribit: live order book, 34 min ago; Bitget: 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, 34 min ago	0.13 bp	8.1 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.13 bp	8.5 bp −$8	12.5 bp −$125	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	−0.0082%	4h	376.35	+0.006%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0008%	1h	376.06	−0.072%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.42	+0.024%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.31	−0.006%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.41	+0.021%	$47.0M	$112.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.41	+0.021%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.42	+0.024%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.49	+0.042%	$290K	$580K	20x	as long as short
Bitget TSLAUSDTshort	0.0000%	8h	376.37	+0.011%	$17.1M	$22.6M	100x
Variational Omni TSLA	0.0000%	8h	376.37	+0.010%	$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	376.33	0.000%	$200K	$894K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.39	+0.016%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0001%	8h	376.43	+0.027%	$576K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0019%	1h	376.12	−0.056%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0025%	8h	376.41	+0.021%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.35	+0.005%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.40	+0.019%	$1.2M	$6.3M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.11	−0.058%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.30	−0.008%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.05	−0.074%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.22	−0.029%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.30	−0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.94	−0.104%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0056%	1h	376.36	+0.008%	$839K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.053%	$511K	$339K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0097%	8h	376.51	+0.048%	$848K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.15	−0.048%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.17	−0.043%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.23	−0.027%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.30	−0.008%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.34	+0.002%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0121%	1h	376.41	+0.021%	$5K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0218%	1h	376.23	−0.027%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.78	+0.385%	$79K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUALlong	+0.0229%	1h	376.33	long leg	$18K	$192K	10x
Phoenix TSLA	+0.0276%	1h	376.41	+0.021%	$1.3M	$540K	20x	as long as short