Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.019%

Price spread now: Deribit against KuCoin−0.003%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.120%+$12 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.003%, 7d avg +0.018%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.018%). If the spread goes back, that is −$2 on $10k: about 3.2 days of funding at the current rate (+$1 a day). At the pace of the last 5 days (+0.120% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TSLAUSDTM	376.18	0.0100	pay 0.0100% / 8h	5m 59s	$1.5M	$1.9M	20x
Short	Deribit TSLA_USDC-PERPETUAL	376.17	0.0122	get 0.0015% / 1h	5m 59s	$18K	$195K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.003%Rate

Funding earned: $4.69
Price spread: −0.003% → +0.018%: −$2.11
Slippage, 4 orders: −$83.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$99.73
Costs to cover: 1.023%
Break-even: 156.0 days

Slippage from KuCoin: live order book, 10 min ago; Deribit: live order book, 32 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 KuCoin live order book, 10 min ago	3.05 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 32 min ago	3.98 bp	7.5 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit

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	−0.0211%	4h	376.69	+0.136%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.35	+0.045%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.34	+0.043%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.28	+0.027%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.26	+0.021%	$17.3M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.35	+0.045%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.30	+0.032%	$1.1M	$14K	10x	as long as short
Hotstuff TSLA-PERP	+0.0008%	1h	376.14	−0.011%	$34K	—	20x	as long as short
Aster TSLAUSDT	+0.0022%	8h	376.53	+0.092%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.36	+0.048%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	376.25	+0.019%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.35	+0.045%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.36	+0.048%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.06	−0.032%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.20	+0.005%	$300K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.21	+0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.04	−0.037%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0057%	8h	376.66	+0.127%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.20	+0.005%	$1.2M	$6.2M	10x	as long as short
Binance TSLAUSDT	+0.0087%	8h	376.31	+0.035%	$47.1M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.22	+0.011%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.08	−0.026%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTMlong	+0.0100%	8h	376.18	long leg	$1.5M	$1.9M	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	+0.040%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.31	+0.035%	$41K	$23K	20x	as long as short
BloFin TSLA-USDT	+0.0100%	8h	376.61	+0.114%	$580K	$356K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.26	+0.022%	$745	—	10x	as long as short
Deribit TSLA_USDC-PERPETUALshort	+0.0122%	1h	376.17	−0.003%	$18K	$195K	10x
Lighter TSLA	+0.0136%	1h	376.25	+0.019%	$819K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.144%	$509K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.962%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0230%	1h	376.29	+0.030%	$6K	$91K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.38	+0.053%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.09	−0.024%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0292%	8h	376.69	+0.135%	$850K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.83	+0.173%	$1.3M	$525K	20x	as long as short