Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.009%

Price spread now: Lighter against KuCoin+0.061%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$840.841% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.061%, 7d avg +0.006%

Together, before fees−0.055%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.055% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TSLAUSDTM	376.44	0.0100	pay 0.0100% / 8h	32m 40s	$1.5M	$550K	20x
Short	Lighter TSLA	376.67	0.0160	get 0.0020% / 1h	32m 40s	$823K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.061%Rate

Funding earned: $12.6
Price spread: +0.061% → +0.006%: $5.5
Slippage, 4 orders: −$72.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$65.99
Costs to cover: 0.841%
Break-even: 43.7 days

Slippage from KuCoin: live order book, 3 min ago; Lighter: live order book, 5 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, 3 min ago	3.06 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.26 bp	0.5 bp $0	2.3 bp −$23	48.4 bp −$4,839	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	−0.0608%	4h	376.65	+0.055%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.71	+0.072%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.70	+0.069%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.69	+0.066%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.66	+0.058%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.011%	$200K	$922K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.66	+0.058%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0003%	8h	376.46	+0.005%	$575K	$200K	50x	as long as short
Hotstuff TSLA-PERP	+0.0024%	1h	376.48	+0.011%	$34K	—	20x	as long as short
Aftermath Perps TSLAUSD	+0.0031%	1h	376.49	+0.013%	$38K	$37K	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	376.64	+0.053%	$1.3M	$2.5M	20x	as long as short
Variational Omni TSLA	+0.0036%	8h	376.58	+0.038%	$1.9M	$1.3M	—	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.50	+0.016%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.64	+0.053%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.49	+0.013%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.54	+0.027%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.61	+0.045%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.41	−0.008%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.63	+0.050%	$1.2M	$6.2M	10x	as long as short
Binance TSLAUSDT	+0.0069%	8h	376.73	+0.076%	$47.1M	$113.5M	25x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	376.63	+0.050%	$483K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0078%	8h	376.75	+0.082%	$578K	$355K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.53	+0.024%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTMlong	+0.0100%	8h	376.44	long leg	$1.5M	$550K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	376.36	−0.021%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.45	+0.003%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.68	+0.063%	$746	—	10x	as long as short
Lighter TSLAshort	+0.0160%	1h	376.67	+0.061%	$823K	$3.7M	20x
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.199%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.893%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.83	+0.104%	$215K	$651K	20x	as long as short
Bullet TSLA-USD	+0.0264%	1h	376.75	+0.083%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0278%	1h	376.48	+0.012%	$489K	$111K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0282%	8h	376.82	+0.102%	$851K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.80	+0.096%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0414%	1h	376.68	+0.064%	$18K	$195K	10x	as long as short