TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0499%/8h= −54.6% APRnext payment −$0.62 per $10,000 · paid last 24h +0.007%

Price spread now: Polymarket Perps against Deribit−0.056%7-day average −0.026% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.126%−$13 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.056%, 7d avg −0.026%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Polymarket Perps is 0.030% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.126% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSLA_USDC-PERPETUAL	375.99	0.0549	pay 0.0069% / 1h	57m 48s	$18K	$194K	10x
Short	Polymarket Perps TSLA-USD	375.78	0.0050	get 0.0006% / 1h	57m 48s	$300K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$104.69
Price spread: −0.056% → −0.026%: −$2.97
Slippage, 4 orders: −$14.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$136.69
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Deribit: live order book, 46 min ago; Polymarket Perps: live order book, 44 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, 46 min ago	3.73 bp	7.2 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 44 min ago	2.00 bp	8.6 bp −$9	8.7 bp −$87	9.5 bp −$951	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	−0.0308%	4h	375.98	−0.004%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.02	+0.009%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.00	+0.003%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.97	−0.005%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.05	+0.016%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.91	−0.021%	$17.2M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.97	−0.006%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.08	+0.024%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.98	−0.003%	$1.1M	$14K	10x	as long as short
Binance TSLAUSDT	+0.0028%	8h	376.02	+0.008%	$47.1M	$113.3M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0030%	1h	375.80	−0.049%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.91	−0.021%	$1.3M	$2.5M	20x	as long as short
Extended TSLA_24_5-USD	+0.0032%	1h	375.93	−0.015%	$480K	$2.8M	10x	as long as short
BloFin TSLA-USDT	+0.0040%	8h	376.09	+0.027%	$577K	$355K	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.81	−0.048%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.92	−0.019%	—	$119K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	375.75	−0.064%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.74	−0.066%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USDshort	+0.0050%	1h	375.78	−0.056%	$300K	$304K	10x
SoDEX TSLA-USD	+0.0050%	1h	375.91	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.65	−0.090%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.95	−0.011%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.67	−0.085%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.80	−0.051%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.66	−0.088%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.85	−0.037%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.98	−0.004%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.080%	$505K	$350K	10x	as long as short
Lighter TSLA	+0.0184%	1h	375.96	−0.008%	$821K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.944%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0245%	8h	376.09	+0.028%	$849K	$2.8M	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.09	+0.026%	$214K	$643K	20x	as long as short
Bullet TSLA-USD	+0.0295%	1h	376.04	+0.013%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0298%	1h	375.70	−0.076%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.90	−0.024%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUALlong	+0.0549%	1h	375.99	long leg	$18K	$194K	10x