Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0473%/8h= +51.8% APRpaid last 24h +0.205%

Price spread now: Lighter RH against edgeX−0.035%80s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.231% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.035%, 7d avg −0.003%

Together, before fees+0.175%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.032% cheaper against edgeX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of −0.003%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.115% in total) that is about 47 hours. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% 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	376.30	−0.0441	get 0.0220% / 4h	3h 42m	$398K	$1.0M	10x
Short	Lighter RH TSLA	376.17	0.0032	get 0.0004% / 1h	42m 02s	$1.2M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.035%Rate

Funding earned: $99.28
Price spread: −0.035% → −0.003%: −$3.19
Slippage, 4 orders: −$14.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $73
Costs to cover: 0.231%
Break-even: 1.9 days

Slippage from edgeX: live order book, 2 min ago; Lighter RH: live order book, 1 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, 2 min ago	4.25 bp	9.0 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	2.13 bp	2.2 bp −$2	3.2 bp −$32	39.3 bp −$3,931	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	−0.0441%	4h	376.30	long leg	$398K	$1.0M	10x
BloFin TSLA-USDT	−0.0028%	8h	376.30	−0.001%	$576K	$352K	20x	as long as short
Hotstuff TSLA-PERP	−0.0008%	1h	375.98	−0.086%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.22	−0.022%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.08	−0.060%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.19	−0.030%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.27	−0.009%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.29	−0.003%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.26	−0.011%	$290K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.23	−0.019%	$17.0M	$22.5M	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	376.34	+0.010%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.28	−0.006%	$200K	$898K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.50	+0.052%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0021%	1h	375.98	−0.086%	$38K	$41K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.16	−0.038%	$818K	$3.6M	20x	as long as short
Lighter RH TSLAshort	+0.0032%	1h	376.17	−0.035%	$1.2M	$2.5M	20x
QFEX TSLA-USD	+0.0033%	1h	376.18	−0.033%	$1.2M	$6.4M	10x	as long as short
Gate TSLA_USDT	+0.0034%	8h	376.24	−0.017%	$2.3M	$3.5M	100x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.03	−0.073%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.15	−0.041%	—	$129K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.88	−0.112%	$44.4M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.05	−0.067%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.12	−0.049%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.12	−0.049%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0063%	8h	376.35	+0.012%	$842K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	+0.039%	$512K	$330K	10x	as long as short
Bullet TSLA-USD	+0.0087%	1h	376.23	−0.018%	$5K	$90K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0096%	1h	376.08	−0.059%	$20K	$189K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.02	−0.075%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.05	−0.067%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.11	−0.051%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.08	−0.059%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.17	−0.035%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0202%	1h	376.06	−0.064%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.31	+0.268%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.38	+0.020%	$1.3M	$540K	20x	as long as short