Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%

Price spread now: KuCoin against Injective−0.188%100s7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.295%−$30 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.188% cheaper against Injective than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 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	Injective TSLA/USDC PERP	377.21	0.0220	pay 0.0028% / 1h	57m 28s	$78K	$36K	30x
Short	KuCoin TSLAUSDTM	376.50	0.0100	get 0.0100% / 8h	6h 57m	$1.5M	$106K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −0.188%Rate

Funding earned: −$25.2
Price spread: −0.188% → 0.000%: −$18.82
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.04
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	3.32 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit

Injective: 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	−0.0791%	4h	376.79	−0.111%	$398K	$1.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	375.11	−0.557%	$529K	$307K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.73	−0.126%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.64	−0.151%	$479K	$10.8M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.78	−0.114%	$47.1M	$109.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.80	−0.109%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.68	−0.141%	$11.2M	$16.6M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.81	−0.105%	$292K	$598K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.53	−0.180%	$34K	—	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.70	−0.135%	$2.3M	$3.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TSLAUSDT	0.0000%	8h	376.72	−0.130%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.87	−0.090%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.80	−0.109%	$200K	$905K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.79	−0.111%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.68	−0.141%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.68	−0.141%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.67	−0.143%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	376.65	−0.148%	$1.2M	$6.9M	10x	as long as short
BloFin TSLA-USDT	+0.0026%	8h	376.75	−0.122%	$573K	$340K	20x	as long as short
tradeXYZ xyz:TSLA	+0.0031%	1h	376.56	−0.172%	$44.3M	$14.2M	20x	as long as short
Lighter TSLA	+0.0032%	1h	376.81	−0.106%	$829K	$3.5M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.82	−0.103%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.70	−0.135%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.85	−0.095%	—	$133K	25x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.60	−0.162%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.65	−0.148%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.74	−0.125%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0098%	1h	376.73	−0.127%	$490K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.62	−0.156%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTMshort	+0.0100%	8h	376.50	−0.188%	$1.5M	$106K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	376.65	−0.148%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.75	−0.122%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.72	−0.129%	$746	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0185%	8h	376.76	−0.119%	$850K	$2.7M	10x	as long as short
Injective TSLA/USDC PERPlong	+0.0220%	1h	377.21	long leg	$78K	$36K	30x
Phoenix TSLA	+0.0277%	1h	377.02	−0.050%	$1.3M	$535K	20x	as long as short