Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0723%/8h= +79.2% APRpaid last 24h +0.292%

Price spread now: Phoenix against edgeX−0.015%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.689%+$69 on $10k

Price spread, last 7 days+0.135%+$13 · spread now −0.015%, 7d avg +0.062%

Together, before fees+0.824%+ Points / potential airdropedgeX: Active · farm board+$82 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.078% cheaper against edgeX than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.062%). If the spread goes back, that is −$8 on $10k: about 9 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.689% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TSLAUSDC	375.34	−0.0320	get 0.0160% / 4h	3h 20m	$395K	$1.1M	10x
Short	Phoenix TSLA	375.28	0.0404	get 0.0050% / 1h	20m 58s	$1.3M	$507K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.015%Rate

Funding earned: $151.92
Price spread: −0.015% → +0.062%: −$7.76
Slippage, 4 orders: −$22.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $105.17
Costs to cover: 0.390%
Break-even: 2.2 days

Slippage from edgeX: live order book, 3 min ago; Phoenix: 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, 3 min ago	4.26 bp	9.0 bp −$9	11.9 bp −$119	doesn't fit	doesn't fit
Sell Phoenix live order book, 2 min ago	3.20 bp	10.5 bp −$11	21.9 bp −$219	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
Hotstuff TSLA-PERP	−0.1600%	1h	375.37	+0.009%	$34K	—	20x	as long as short
edgeX TSLAUSDClong	−0.0320%	4h	375.34	long leg	$395K	$1.1M	10x
Aster TSLAUSDT	0.0000%	8h	375.22	−0.031%	$573K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.56	+0.059%	$10.1M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.69	+0.094%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.59	+0.067%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.57	+0.062%	$17.3M	$23.4M	100x	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	375.38	+0.011%	$845K	$2.9M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	375.58	+0.065%	$199K	$954K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.38	+0.011%	$18K	$191K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	375.60	+0.070%	$1.1M	$15K	10x	as long as short
Variational Omni TSLA	+0.0023%	8h	374.78	−0.148%	$1.7M	$1.4M	—	as long as short
Aftermath Perps TSLAUSD	+0.0027%	1h	374.93	−0.109%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.48	+0.038%	$804K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.47	+0.035%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.46	+0.033%	$134K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.59	+0.067%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	375.55	+0.057%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.25	−0.023%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.50	+0.043%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.59	+0.067%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.25	−0.023%	$1.5M	$1.1M	10x	as long as short
Binance TSLAUSDT	+0.0052%	8h	375.61	+0.073%	$47.1M	$115.3M	25x	as long as short
Extended TSLA_24_5-USD	+0.0056%	1h	375.52	+0.048%	$478K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0062%	8h	375.66	+0.086%	$583K	$360K	20x	as long as short
Bullet TSLA-USD	+0.0098%	1h	375.69	+0.094%	$6K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.40	+0.015%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.30	−0.010%	$1.5M	$2.4M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.08	−0.069%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.60	+0.070%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.54	+0.055%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.25	−0.023%	$507K	$364K	10x	as long as short
Nado TSLA-PERP	+0.0177%	1h	375.47	+0.035%	$498K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.146%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.57	+0.063%	$214K	$655K	20x	as long as short
Phoenix TSLAshort	+0.0404%	1h	375.28	−0.015%	$1.3M	$507K	20x