Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.017%
Price spread now: Coinbase International against Lighter−0.013%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.013%, 7d avg −0.086%
=Together, before fees−0.022%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.073% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSLA | 376.50 | 0.0032 | pay 0.0004% / 1h | 37m 15s | $816K | $3.6M | 20x |
| Short | Coinbase International TSLA-PERP-INTX | 376.45 | 0.0056 | get 0.0007% / 1h | 37m 15s | $512K | $330K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.04
- Price spread: −0.013% → −0.086%
- $7.3
- Slippage, 4 orders
- −$9.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$7
- Costs to cover
- 0.193%
- Break-even
- 16.7 days
Slippage from Lighter: live order book, 5 min ago; Coinbase International: live order book, 21 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 Lighter live order book, 5 min ago | 0.26 bp | 0.6 bp −$1 | 1.7 bp −$17 | 32.0 bp −$3,200 | doesn't fit |
| Sell Coinbase International live order book, 21 min ago | 2.66 bp | 9.3 bp −$9 | 11.1 bp −$111 | 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 | −0.0679% | 4h | 376.60 | +0.028% | $398K | $1.0M | 10x | as long as short |
| Aster TSLAUSDT | 0.0000% | 8h | 376.52 | +0.004% | $577K | $196K | 50x | as long as short |
| Extended TSLA_24_5-USD | 0.0000% | 1h | 376.43 | −0.018% | $480K | $4.6M | 10x | as long as short |
| Binance TSLAUSDT | 0.0000% | 8h | 376.53 | +0.009% | $47.3M | $111.1M | 25x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 376.58 | +0.021% | $10.3M | $15.4M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 376.52 | +0.005% | $11.2M | $16.9M | 25x | as long as short |
| RISEx TSLA/USDC | 0.0000% | 1h | 376.58 | +0.022% | $290K | $587K | 20x | as long as short |
| Hotstuff TSLA-PERP | 0.0000% | 1h | 376.24 | −0.069% | $34K | — | 20x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 376.47 | −0.008% | $17.0M | $23.1M | 100x | as long as short |
| Variational Omni TSLA | 0.0000% | 8h | 376.64 | +0.036% | $1.9M | $1.4M | — | 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 | 376.59 | +0.024% | $200K | $907K | 20x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | 0.0000% | 1h | 376.44 | −0.016% | $20K | $188K | 10x | as long as short |
| Phemex TSLAUSDT | 0.0000% | 4h | 376.58 | +0.021% | $1.1M | $14K | 10x | as long as short |
| BloFin TSLA-USDT | +0.0017% | 8h | 376.61 | +0.029% | $576K | $353K | 20x | as long as short |
| Aftermath Perps TSLAUSD | +0.0017% | 1h | 376.50 | −0.001% | $38K | $42K | 10x | as long as short |
| Lighter TSLAlong | +0.0032% | 1h | 376.50 | long leg | $816K | $3.6M | 20x | |
| Lighter RH TSLA | +0.0032% | 1h | 376.50 | 0.000% | $1.2M | $2.5M | 20x | as long as short |
| QFEX TSLA-USD | +0.0038% | 1h | 376.46 | −0.011% | $1.2M | $6.5M | 10x | as long as short |
| Arcus TSLA-USD | +0.0040% | 1h | 376.37 | −0.035% | $140K | $96K | 10x | as long as short |
| Bullet TSLA-USD | +0.0043% | 1h | 376.56 | +0.016% | $6K | $92K | 10x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 376.56 | +0.016% | — | $130K | 25x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 376.31 | −0.050% | $44.3M | $14.4M | 20x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 376.31 | −0.050% | $301K | $309K | 10x | as long as short |
| SoDEX TSLA-USD | +0.0050% | 1h | 376.44 | −0.016% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 376.46 | −0.011% | $1.6M | $1.1M | 10x | as long as short |
| Coinbase International TSLA-PERP-INTXshort | +0.0056% | 1h | 376.45 | −0.013% | $512K | $330K | 10x | |
| GRVT TSLA_USDT_Perp | +0.0060% | 8h | 376.73 | +0.061% | $845K | $2.8M | 10x | as long as short |
| Gate TSLA_USDT | +0.0095% | 8h | 376.54 | +0.011% | $2.3M | $3.6M | 100x | as long as short |
| Pacifica TSLA | +0.0100% | 1h | 376.40 | −0.026% | $390K | $38K | 10x | as long as short |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 376.47 | −0.008% | $1.5M | $105K | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 376.51 | +0.003% | $4K | $62K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 376.37 | −0.035% | $41K | $23K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 376.44 | −0.016% | $745 | — | 10x | as long as short |
| Nado TSLA-PERP | +0.0144% | 1h | 376.42 | −0.020% | $489K | $112K | 20x | as long as short |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 377.69 | +0.316% | $79K | $36K | 30x | as long as short |
| Phoenix TSLA | +0.0255% | 1h | 376.81 | +0.082% | $1.3M | $539K | 20x | as long as short |
Lighter TSLA
Coinbase International TSLA-PERP-INTX
edgeX TSLAUSDC
Aster TSLAUSDT
Extended TSLA_24_5-USD
Binance TSLAUSDT
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
RISEx TSLA/USDC
Bitget TSLAUSDT
Variational Omni TSLA
StandX TSLA-USD
Deribit TSLA_USDC-PERPETUAL
Phemex TSLAUSDT
BloFin TSLA-USDT
Aftermath Perps TSLAUSD
Lighter RH TSLA
Bullet TSLA-USD
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
SoDEX TSLA-USD
GRVT TSLA_USDT_Perp
Gate TSLA_USDT
Pacifica TSLA
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Injective TSLA/USDC PERP
Phoenix TSLA