Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.056%

Price spread now: Bybit against Hotstuff+0.069%53s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.069% dearer against Hotstuff than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff TSLA-PERP	375.39	0.0048	pay 0.0006% / 1h	29m 41s	$34K	—	20x
Short	Bybit TSLAUSDT	375.65	0	get 0.0000% / 8h	1h 29m	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hotstuff. 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 HotstuffbpFee BybitbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$10.08
Price spread: +0.069% → 0.000%: $6.93
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Bybit: live order book, 9 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Bybit live order book, 9 min ago	0.13 bp	7.9 bp −$8	10.9 bp −$109	143.6 bp −$14.4K	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0869%	4h	375.64	+0.066%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0023%	8h	375.72	+0.088%	$578K	$355K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.95	+0.149%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.89	+0.133%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.93	+0.144%	$47.1M	$113.4M	25x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	375.65	+0.069%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.84	+0.120%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.91	+0.139%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.86	+0.125%	$17.2M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.67	+0.074%	$1.9M	$1.3M	—	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	375.68	+0.077%	$199K	$919K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.78	+0.104%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0026%	1h	375.62	+0.061%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.82	+0.115%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.53	+0.037%	$134K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.61	+0.059%	—	$119K	25x	as long as short
Hotstuff TSLA-PERPlong	+0.0048%	1h	375.39	long leg	$34K	—	20x
tradeXYZ xyz:TSLA	+0.0050%	1h	375.55	+0.043%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.64	+0.067%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.74	+0.093%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.36	−0.008%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.74	+0.093%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.67	+0.075%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.58	+0.051%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.38	−0.003%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.64	+0.067%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.73	+0.091%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.33	+0.250%	$506K	$349K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.80	+0.109%	$214K	$643K	20x	as long as short
Lighter TSLA	+0.0168%	1h	375.84	+0.120%	$820K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0204%	8h	375.75	+0.097%	$845K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.41	+1.071%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0232%	1h	375.81	+0.111%	$5K	$91K	10x	as long as short
Nado TSLA-PERP	+0.0291%	1h	375.42	+0.008%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.78	+0.104%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0469%	1h	375.68	+0.077%	$18K	$194K	10x	as long as short