Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Phemex against Injective−0.933%7-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 Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 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 −$7 a day on $10k at the current rate, and Phemex is 0.933% cheaper against Injective than usual: you would sell low and buy high (−$93 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TSLA/USDC PERP	379.41	0.0220	pay 0.0028% / 1h	26m 42s	$79K	$36K	30x
Short	Phemex TSLAUSDT	375.87	0	get 0.0000% / 4h	1h 26m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.933%Rate

Funding earned: −$46.2
Price spread: −0.933% → 0.000%: −$93.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$151.52
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	0.80 bp	30.9 bp −$31	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	−0.0862%	4h	375.87	−0.932%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.87	−0.934%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.78	−0.958%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.86	−0.936%	$47.1M	$113.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.79	−0.954%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.82	−0.946%	$11.2M	$16.9M	25x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	375.51	−1.028%	$34K	—	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.85	−0.938%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.74	−0.967%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.67	−0.986%	$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	375.97	−0.907%	$200K	$919K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	375.87	−0.933%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0026%	1h	375.70	−0.979%	$38K	$38K	10x	as long as short
BloFin TSLA-USDT	+0.0028%	8h	375.86	−0.936%	$578K	$356K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.70	−0.978%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.61	−1.002%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.70	−0.978%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.53	−1.023%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.72	−0.973%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.76	−0.962%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.36	−1.067%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.79	−0.954%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.67	−0.986%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.56	−1.015%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.63	−0.996%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.50	−1.031%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.68	−0.983%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.980%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.85	−0.939%	$214K	$643K	20x	as long as short
Lighter TSLA	+0.0176%	1h	375.74	−0.967%	$820K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0207%	8h	375.78	−0.957%	$843K	$2.8M	10x	as long as short
Injective TSLA/USDC PERPlong	+0.0220%	1h	379.41	long leg	$79K	$36K	30x
Bullet TSLA-USD	+0.0238%	1h	375.88	−0.930%	$5K	$91K	10x	as long as short
Nado TSLA-PERP	+0.0290%	1h	375.46	−1.041%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.82	−0.946%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0576%	1h	375.72	−0.973%	$18K	$194K	10x	as long as short