Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: Phemex against Deribit+0.045%7-day average +0.022% · 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−$82as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on Deribit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.197%−$20 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.045%, 7d avg +0.022%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.023% dearer against Deribit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSLA_USDC-PERPETUAL	376.42	0	get 0.0000% / 1h	35m 39s	$20K	$188K	10x
Short	Phemex TSLAUSDT	376.59	0	get 0.0000% / 4h	35m 39s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.022%: $2.35
Slippage, 4 orders: −$65.34
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$81.99
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from Deribit: live order book, 23 min ago; Phemex: live order book, 2 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, 23 min ago	0.13 bp	9.2 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.33 bp	32.2 bp −$32	doesn't fit	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	−0.0679%	4h	376.60	+0.049%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.59	+0.046%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.59	+0.044%	$481K	$4.5M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.66	+0.065%	$47.3M	$111.2M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.73	+0.082%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.65	+0.061%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.68	+0.070%	$290K	$587K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.26	−0.043%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.63	+0.056%	$17.0M	$23.1M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.51	+0.024%	$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	376.51	+0.024%	$200K	$907K	20x	as long as short
Deribit TSLA_USDC-PERPETUALlong	0.0000%	1h	376.42	long leg	$20K	$188K	10x
Phemex TSLAUSDTshort	0.0000%	4h	376.59	+0.045%	$1.1M	$14K	10x
BloFin TSLA-USDT	+0.0017%	8h	376.61	+0.050%	$576K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.50	+0.020%	$38K	$42K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.53	+0.029%	$816K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.52	+0.027%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.44	+0.005%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.39	−0.008%	$140K	$96K	10x	as long as short
Bullet TSLA-USD	+0.0042%	1h	376.57	+0.040%	$6K	$92K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.58	+0.043%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.40	−0.005%	$44.3M	$14.4M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.36	−0.016%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.48	+0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.43	+0.003%	$1.6M	$1.1M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	+0.008%	$512K	$330K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0060%	8h	376.73	+0.082%	$845K	$2.8M	10x	as long as short
Gate TSLA_USDT	+0.0094%	8h	376.60	+0.048%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.52	+0.027%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.52	+0.027%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.51	+0.024%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.43	+0.003%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.45	+0.008%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0142%	1h	376.42	+0.001%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.337%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.81	+0.104%	$1.3M	$539K	20x	as long as short