Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.017%

Price spread now: QFEX against KuCoin+0.058%7-day average +0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.058%, 7d avg +0.005%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.054% dearer against KuCoin than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.005%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TSLAUSDTM	378.22	0.0100	pay 0.0100% / 8h	4h 49m	$1.4M	$4.5M	20x
Short	QFEX TSLA-USD	378.44	0.0042	get 0.0005% / 1h	49m 08s	$1.2M	$6.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$12.13
Price spread: +0.058% → +0.005%: $5.36
Slippage, 4 orders: −$41.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$69.99
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; QFEX: live order book, 8 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, 2 min ago	2.90 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	1.45 bp	6.5 bp −$6	6.9 bp −$69	12.0 bp −$1,201	doesn't fit

TSLA on 36 exchanges

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
Hotstuff TSLA-PERP	−0.1600%	1h	378.37	+0.040%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0276%	4h	378.79	+0.152%	$401K	$1.1M	10x	as long as short
Injective TSLA/USDC PERP	−0.0220%	1h	377.60	−0.164%	$73K	$42K	30x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.45	+0.061%	$10.2M	$14.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.53	+0.082%	$11.3M	$15.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.53	+0.082%	$2.3M	$3.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.40	+0.048%	$17.4M	$25.0M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.61	+0.103%	$201K	$999K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	378.26	+0.011%	$18K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	378.47	+0.066%	$1.1M	$15K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0023%	1h	378.46	+0.064%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	378.41	+0.050%	$814K	$3.0M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	378.41	+0.050%	$1.2M	$2.3M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	378.41	+0.050%	$133K	$86K	10x	as long as short
QFEX TSLA-USDshort	+0.0042%	1h	378.44	+0.058%	$1.2M	$6.3M	10x
Vest TSLA-USD-PERP	+0.0046%	1h	378.49	+0.071%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	378.20	−0.005%	$45.0M	$15.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	378.31	+0.024%	$301K	$138K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	378.42	+0.053%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	378.24	+0.005%	$1.6M	$1.2M	10x	as long as short
RISEx TSLA/USDC	+0.0074%	1h	378.55	+0.087%	$229K	$631K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	378.29	+0.019%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTMlong	+0.0100%	8h	378.22	long leg	$1.4M	$4.5M	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	378.64	+0.111%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	378.35	+0.034%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	378.48	+0.069%	$749	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	378.28	+0.016%	$519K	$399K	10x	as long as short
Aster TSLAUSDT	+0.0120%	8h	378.64	+0.111%	$577K	$201K	50x	as long as short
Bullet TSLA-USD	+0.0121%	1h	378.47	+0.066%	$6K	$94K	10x	as long as short
Variational Omni TSLA	+0.0147%	8h	378.89	+0.178%	$1.7M	$1.5M	—	as long as short
Binance TSLAUSDT	+0.0175%	8h	378.47	+0.066%	$47.6M	$115.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0176%	1h	378.36	+0.038%	$483K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0193%	8h	378.50	+0.074%	$592K	$380K	20x	as long as short
Nado TSLA-PERP	+0.0209%	1h	378.29	+0.018%	$502K	$99K	20x	as long as short
Phoenix TSLA	+0.0296%	1h	378.78	+0.148%	$1.4M	$520K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0387%	8h	378.99	+0.202%	$849K	$2.9M	10x	as long as short