Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0803%/8h= +88.0% APRpaid last 24h +0.175%

Price spread now: tradeXYZ against edgeX−0.061%46s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as 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−$360.362% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.061%, 7d avg −0.044%

Together, before fees+0.216%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate. The two prices were read 46 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 0.160% in total (about 8.3% 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	376.62	−0.0753	get 0.0377% / 4h	32m 39s	$398K	$1.0M	10x
Short	tradeXYZ xyz:TSLA	376.39	0.0050	get 0.0006% / 1h	32m 39s	$44.3M	$14.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.061%Rate

Funding earned: $168.68
Price spread: −0.061% → −0.044%: −$1.69
Slippage, 4 orders: −$9.17
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $130.82
Costs to cover: 0.362%
Break-even: 1.6 days

Slippage from edgeX: live order book, 1 min ago; tradeXYZ: 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, 1 min ago	4.25 bp	9.0 bp −$9	12.1 bp −$121	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.13 bp	9.1 bp −$9	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	−0.0753%	4h	376.62	long leg	$398K	$1.0M	10x
BloFin TSLA-USDT	−0.0008%	8h	376.63	+0.003%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.71	+0.024%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.58	−0.010%	$481K	$4.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.68	+0.016%	$47.3M	$111.2M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.78	+0.042%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.67	+0.013%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.68	+0.016%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.61	−0.003%	$17.0M	$23.1M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.51	−0.029%	$1.9M	$1.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.61	−0.003%	$200K	$907K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.66	+0.011%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.50	−0.033%	$38K	$42K	10x	as long as short
Hotstuff TSLA-PERP	+0.0024%	1h	376.34	−0.074%	$34K	—	20x	as long as short
Lighter TSLA	+0.0032%	1h	376.64	+0.005%	$816K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.64	+0.005%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.59	−0.008%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.43	−0.050%	$140K	$96K	10x	as long as short
Bullet TSLA-USD	+0.0045%	1h	376.63	+0.003%	$5K	$92K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.61	−0.003%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLAshort	+0.0050%	1h	376.39	−0.061%	$44.3M	$14.4M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	376.39	−0.061%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.62	0.000%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.43	−0.050%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0053%	8h	376.67	+0.014%	$844K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.045%	$512K	$330K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0069%	1h	376.60	−0.005%	$20K	$188K	10x	as long as short
Gate TSLA_USDT	+0.0091%	8h	376.62	0.000%	$2.3M	$3.6M	100x	as long as short
Pacifica TSLA	+0.0100%	1h	376.60	−0.005%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.53	−0.024%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.45	−0.045%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.48	−0.037%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.54	−0.022%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0146%	1h	376.50	−0.031%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.284%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.70	+0.021%	$1.3M	$539K	20x	as long as short