Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.019%

Price spread now: Lighter against Gate−0.011%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.058%−$6 · spread now −0.011%, 7d avg −0.061%

Together, before fees−0.095%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.050% dearer against Gate than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.061%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.037% in total) that is about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSLA_USDT	376.52	0.0071	pay 0.0071% / 8h	4h 13m	$2.3M	$3.6M	100x
Short	Lighter TSLA	376.48	0.0032	get 0.0004% / 1h	13m 37s	$815K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$8.19
Price spread: −0.011% → −0.061%: $5.04
Slippage, 4 orders: −$13.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.86
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 4 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 Gate live order book, 5 min ago	0.53 bp	15.0 bp −$15	20.1 bp −$201	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.53 bp	1.0 bp −$1	2.1 bp −$21	40.0 bp −$4,005	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 TSLAUSDC	−0.0790%	4h	376.49	−0.009%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.54	+0.006%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.39	−0.034%	$481K	$3.5M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.49	−0.008%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.54	+0.005%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.54	+0.005%	$11.3M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.52	0.000%	$290K	$587K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.28	−0.064%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.49	−0.008%	$17.0M	$23.0M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.50	−0.006%	$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	376.58	+0.016%	$200K	$907K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.37	−0.040%	$20K	$189K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.58	+0.016%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0012%	8h	376.62	+0.027%	$578K	$352K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.52	−0.001%	$38K	$41K	10x	as long as short
Lighter TSLAshort	+0.0032%	1h	376.48	−0.011%	$815K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	376.47	−0.013%	$1.2M	$2.6M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.43	−0.024%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.38	−0.037%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.53	+0.003%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.22	−0.080%	$44.3M	$14.5M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.38	−0.037%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.48	−0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.20	−0.085%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0051%	1h	376.59	+0.018%	$4K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0056%	8h	376.67	+0.040%	$854K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.019%	$512K	$330K	10x	as long as short
Gate TSLA_USDTlong	+0.0071%	8h	376.52	long leg	$2.3M	$3.6M	100x
Pacifica TSLA	+0.0100%	1h	376.44	−0.021%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.39	−0.035%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.43	−0.024%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.37	−0.040%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.47	−0.012%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0148%	1h	376.40	−0.031%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.311%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.75	+0.061%	$1.3M	$539K	20x	as long as short