Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0464%/8h= +50.8% APRpaid last 24h +0.233%

Price spread now: Lighter against edgeX−0.019%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.019%, 7d avg −0.008%

Together, before fees+0.196%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% a year). A funding rate is set anew for every payment. 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	edgeX TSLAUSDC	376.17	−0.0328	get 0.0164% / 4h	2h 45m	$398K	$1.0M	10x
Short	Lighter TSLA	376.10	0.0136	get 0.0017% / 1h	45m 14s	$835K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.019%Rate

Funding earned: $97.44
Price spread: −0.019% → −0.008%: −$1.07
Slippage, 4 orders: −$10.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $76.84
Costs to cover: 0.195%
Break-even: 1.5 days

Slippage from edgeX: live order book, 4 min ago; Lighter: live order book, 7 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 edgeX live order book, 4 min ago	4.25 bp	9.0 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.67 bp	0.7 bp −$1	2.1 bp −$21	32.1 bp −$3,210	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 TSLAUSDClong	−0.0328%	4h	376.17	long leg	$398K	$1.0M	10x
BloFin TSLA-USDT	−0.0026%	8h	376.16	−0.003%	$577K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.21	+0.010%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.06	−0.029%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.15	−0.006%	$47.0M	$112.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.09	−0.021%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.17	0.000%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.13	−0.011%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.15	−0.006%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.21	+0.011%	$200K	$917K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.02	−0.040%	$18K	$193K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.14	−0.008%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0020%	1h	376.02	−0.041%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0023%	8h	376.19	+0.005%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.08	−0.024%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.91	−0.069%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.10	−0.019%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.83	−0.090%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.02	−0.040%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.06	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.94	−0.061%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.15	−0.005%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.24	+0.019%	$289K	$580K	20x	as long as short
Hotstuff TSLA-PERP	+0.0080%	1h	375.85	−0.085%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.93	−0.063%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.97	−0.053%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.03	−0.037%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.91	−0.069%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.08	−0.025%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	−0.011%	$511K	$337K	10x	as long as short
Lighter TSLAshort	+0.0136%	1h	376.10	−0.019%	$835K	$3.6M	20x
GRVT TSLA_USDT_Perp	+0.0145%	8h	376.32	+0.040%	$849K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0192%	1h	376.18	+0.003%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.15	+0.261%	$78K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0270%	1h	375.98	−0.051%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.12	−0.013%	$1.3M	$528K	20x	as long as short