Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0844%/8h= +92.4% APRpaid last 24h +0.199%

Price spread now: OKX against edgeX−0.012%81s7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$330.333% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.012%, 7d avg +0.037%

Together, before fees+0.129%+ Points / potential airdropedgeX: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.048% cheaper against edgeX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.037%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.076% in total) that is about 4.4 days. The two prices were read 81 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 0.076% in total (about 4.0% 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	376.85	−0.0844	get 0.0422% / 4h	2h 56m	$397K	$1.0M	10x
Short	OKX TSLA-USDT-SWAP	376.81	0	get 0.0000% / 8h	6h 56m	$11.2M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $177.19
Price spread: −0.012% → +0.037%: −$4.85
Slippage, 4 orders: −$14.32
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $139.02
Costs to cover: 0.333%
Break-even: 1.5 days

Slippage from edgeX: live order book, 2 min ago; OKX: 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 edgeX live order book, 2 min ago	4.51 bp	9.3 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.13 bp	7.4 bp −$7	10.3 bp −$103	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 TSLAUSDClong	−0.0844%	4h	376.85	long leg	$397K	$1.0M	10x
Bybit TSLAUSDT	0.0000%	8h	376.80	−0.014%	$10.1M	$15.0M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	376.81	−0.012%	$11.2M	$16.8M	25x
Gate TSLA_USDT	0.0000%	8h	376.82	−0.009%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.79	−0.017%	$17.2M	$23.6M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.48	−0.099%	$200K	$968K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.82	−0.009%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.65	−0.055%	$38K	$36K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.79	−0.017%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.71	−0.038%	$132K	$109K	10x	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	+0.0042%	1h	376.70	−0.041%	$18K	$192K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.83	−0.006%	—	$126K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	376.55	−0.081%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.58	−0.073%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.66	−0.052%	$300K	$158K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.76	−0.025%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.40	−0.121%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0053%	1h	376.84	−0.004%	$1.3M	$6.2M	10x	as long as short
Lighter TSLA	+0.0064%	1h	376.79	−0.017%	$805K	$3.7M	20x	as long as short
Aster TSLAUSDT	+0.0075%	8h	376.81	−0.012%	$575K	$189K	50x	as long as short
Variational Omni TSLA	+0.0097%	8h	376.90	+0.011%	$1.7M	$1.5M	—	as long as short
Pacifica TSLA	+0.0100%	1h	376.58	−0.073%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.60	−0.067%	$1.5M	$2.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.51	−0.091%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.65	−0.054%	$41K	$24K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.88	+0.007%	$746	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	376.82	−0.009%	$508K	$367K	10x	as long as short
BloFin TSLA-USDT	+0.0121%	8h	376.88	+0.007%	$580K	$366K	20x	as long as short
Binance TSLAUSDT	+0.0133%	8h	376.85	−0.001%	$47.2M	$115.4M	25x	as long as short
Extended TSLA_24_5-USD	+0.0136%	1h	376.72	−0.035%	$481K	$2.7M	10x	as long as short
RISEx TSLA/USDC	+0.0175%	1h	376.95	+0.027%	$215K	$652K	20x	as long as short
Bullet TSLA-USD	+0.0204%	1h	376.88	+0.007%	$6K	$93K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.42	+0.681%	$79K	$37K	30x	as long as short
Nado TSLA-PERP	+0.0239%	1h	376.66	−0.051%	$500K	$111K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	377.07	+0.057%	$1.3M	$493K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0616%	8h	377.04	+0.050%	$852K	$2.9M	10x	as long as short