Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.056%

Price spread now: Phemex against Hotstuff+0.101%7-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 Phemex

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.101% dearer against Hotstuff than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff TSLA-PERP	376.03	−0.0040	get 0.0005% / 1h	16m 14s	$34K	—	20x
Short	Phemex TSLAUSDT	376.41	0	get 0.0000% / 4h	3h 16m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.101%Rate

Funding earned: $8.4
Price spread: +0.101% → 0.000%: $10.11
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: $1.51
Costs to cover: 0.170%
Break-even: 5.7 days

Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, 1 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 Phemex live order book, 1 min ago	1.73 bp	38.2 bp −$38	doesn't fit	doesn't fit	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	−0.0628%	4h	376.34	+0.083%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERPlong	−0.0040%	1h	376.03	long leg	$34K	—	20x
Aster TSLAUSDT	0.0000%	8h	376.43	+0.107%	$577K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.37	+0.091%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.45	+0.112%	$47.0M	$112.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.43	+0.106%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.41	+0.101%	$11.3M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.48	+0.121%	$290K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.33	+0.080%	$17.1M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.37	+0.090%	$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	376.36	+0.088%	$200K	$895K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.41	+0.101%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0018%	1h	376.12	+0.024%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0026%	8h	376.45	+0.112%	$2.3M	$3.5M	100x	as long as short
BloFin TSLA-USDT	+0.0027%	8h	376.39	+0.096%	$577K	$353K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.36	+0.088%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.36	+0.088%	$1.2M	$6.2M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.10	+0.019%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.28	+0.066%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.08	+0.013%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.23	+0.053%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.34	+0.082%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.07	+0.011%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0064%	1h	376.36	+0.088%	$839K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	+0.027%	$511K	$338K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0096%	8h	376.48	+0.119%	$845K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.11	+0.021%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.21	+0.048%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.17	+0.037%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.15	+0.032%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.35	+0.085%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0126%	1h	376.43	+0.106%	$4K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0216%	1h	376.20	+0.046%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.78	+0.465%	$79K	$36K	30x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0255%	1h	376.33	+0.080%	$18K	$192K	10x	as long as short
Phoenix TSLA	+0.0276%	1h	376.28	+0.066%	$1.3M	$540K	20x	as long as short