Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against KuCoin+0.053%50s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1501.497% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.053%, 7d avg +0.040%

Together, before fees−0.207%−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 50 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	KuCoin TSLAUSDTM	376.30	0.0100	pay 0.0100% / 8h	3m 30s	$1.5M	$1.9M	20x
Short	Phemex TSLAUSDT	376.50	0	get 0.0000% / 4h	3m 30s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$21
Price spread: +0.053% → +0.040%: $1.31
Slippage, 4 orders: −$125.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$169.39
Costs to cover: 1.497%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 4 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	4.78 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.13 bp	23.9 bp −$24	doesn't fit	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	−0.0779%	4h	376.38	+0.021%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.56	+0.069%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.52	+0.058%	$11.3M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.48	+0.048%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.52	+0.058%	$17.4M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.36	+0.016%	$200K	$917K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.24	−0.016%	$18K	$196K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.50	+0.053%	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0022%	8h	376.57	+0.072%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.36	+0.016%	$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	376.48	+0.048%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.26	−0.011%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.52	+0.058%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.31	+0.003%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.36	+0.016%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.35	+0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.17	−0.035%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0059%	8h	376.24	−0.015%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.48	+0.048%	$1.3M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0072%	8h	376.30	0.000%	$582K	$356K	20x	as long as short
Binance TSLAUSDT	+0.0086%	8h	376.54	+0.064%	$47.1M	$114.8M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.45	+0.040%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.34	+0.011%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTMlong	+0.0100%	8h	376.30	long leg	$1.5M	$1.9M	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	376.12	−0.048%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.44	+0.037%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.37	+0.019%	$745	—	10x	as long as short
Lighter TSLA	+0.0136%	1h	376.47	+0.045%	$817K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.112%	$509K	$357K	10x	as long as short
Hotstuff TSLA-PERP	+0.0184%	1h	376.35	+0.013%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0220%	1h	376.53	+0.061%	$6K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.930%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.56	+0.069%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0278%	1h	376.30	0.000%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0293%	8h	376.52	+0.058%	$849K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.56	+0.069%	$1.3M	$525K	20x	as long as short