Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0296%/8h= +32.4% APRpaid last 24h +0.096%

Price spread now: Phoenix against Gate−0.063%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Gate Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.472%+$47 on $10k

Price spread, last 7 days+0.117%+$12 · spread now −0.063%, 7d avg +0.010%

Together, before fees+0.589%+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.074% cheaper against Gate than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.010%). If the spread goes back, that is −$7 on $10k: about 20 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSLA_USDT	379.02	0	get 0.0000% / 8h	4h 47m	$2.3M	$3.1M	100x
Short	Phoenix TSLA	378.78	0.0296	get 0.0037% / 1h	47m 06s	$1.4M	$520K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.063%Rate

Funding earned: $62.17
Price spread: −0.063% → +0.010%: −$7.38
Slippage, 4 orders: −$27.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $4.87
Costs to cover: 0.499%
Break-even: 6.5 days

Slippage from Gate: live order book, 4 min ago; Phoenix: 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, 4 min ago	1.72 bp	12.2 bp −$12	23.4 bp −$234	doesn't fit	doesn't fit
Sell Phoenix live order book, 4 min ago	3.16 bp	10.8 bp −$11	22.4 bp −$224	doesn't fit	doesn't fit

TSLA on 36 exchanges

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	378.37	−0.171%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0561%	4h	378.47	−0.144%	$400K	$1.1M	10x	as long as short
Injective TSLA/USDC PERP	−0.0220%	1h	377.60	−0.375%	$73K	$42K	30x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.87	−0.040%	$10.2M	$14.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.67	−0.092%	$11.3M	$15.8M	25x	as long as short
Gate TSLA_USDTlong	0.0000%	8h	379.02	long leg	$2.3M	$3.1M	100x
Bitget TSLAUSDT	0.0000%	8h	378.62	−0.106%	$17.4M	$25.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.47	−0.145%	$201K	$1.0M	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	378.79	−0.061%	$1.1M	$15K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	378.56	−0.120%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	378.72	−0.079%	$1.2M	$2.3M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	378.83	−0.050%	$133K	$86K	10x	as long as short
QFEX TSLA-USD	+0.0042%	1h	379.00	−0.005%	$1.2M	$6.3M	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.87	−0.040%	—	$126K	25x	as long as short
Lighter TSLA	+0.0048%	1h	378.77	−0.066%	$815K	$3.0M	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	378.75	−0.071%	$45.0M	$15.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	378.80	−0.058%	$302K	$141K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	378.69	−0.087%	$1.6M	$1.3M	10x	as long as short
SoDEX TSLA-USD	+0.0073%	1h	378.73	−0.077%	$4K	$3K	10x	as long as short
RISEx TSLA/USDC	+0.0074%	1h	379.10	+0.022%	$230K	$631K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	378.86	−0.042%	$393K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	378.57	−0.119%	$1.4M	$4.6M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.20	−0.216%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	378.87	−0.040%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.97	−0.013%	$750	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	378.77	−0.066%	$521K	$402K	10x	as long as short
Aster TSLAUSDT	+0.0121%	8h	378.73	−0.077%	$577K	$201K	50x	as long as short
Variational Omni TSLA	+0.0147%	8h	378.89	−0.033%	$1.7M	$1.5M	—	as long as short
BloFin TSLA-USDT	+0.0159%	8h	378.85	−0.045%	$596K	$381K	20x	as long as short
Bullet TSLA-USD	+0.0160%	1h	379.06	+0.011%	$6K	$94K	10x	as long as short
Extended TSLA_24_5-USD	+0.0176%	1h	378.79	−0.060%	$483K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0177%	8h	378.85	−0.045%	$47.6M	$116.4M	25x	as long as short
Nado TSLA-PERP	+0.0219%	1h	378.63	−0.103%	$502K	$99K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0252%	1h	378.76	−0.069%	$18K	$187K	10x	as long as short
Phoenix TSLAshort	+0.0296%	1h	378.78	−0.063%	$1.4M	$520K	20x
GRVT TSLA_USDT_Perp	+0.0387%	8h	378.60	−0.112%	$848K	$2.9M	10x	as long as short