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: KuCoin against Lighter−0.061%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

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

Long on Lighter Short on KuCoin

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.055% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	376.67	0.0160	pay 0.0020% / 1h	32m 34s	$823K	$3.7M	20x
Short	KuCoin TSLAUSDTM	376.44	0.0100	get 0.0100% / 8h	32m 34s	$1.5M	$550K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. 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 LighterbpFee KuCoinbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$12.6
Price spread: −0.061% → −0.006%: −$5.5
Slippage, 4 orders: −$72.09
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$102.19
Costs to cover: 0.841%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; KuCoin: live order book, 3 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	0.8 bp −$1	1.4 bp −$14	44.0 bp −$4,397	doesn't fit
Sell KuCoin live order book, 3 min ago	3.06 bp	59.4 bp −$59	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	−0.0608%	4h	376.65	−0.006%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.71	+0.011%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.70	+0.008%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.69	+0.005%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.66	−0.003%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.072%	$200K	$922K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.66	−0.003%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0003%	8h	376.46	−0.056%	$575K	$200K	50x	as long as short
Hotstuff TSLA-PERP	+0.0024%	1h	376.48	−0.050%	$34K	—	20x	as long as short
Aftermath Perps TSLAUSD	+0.0031%	1h	376.49	−0.048%	$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	−0.008%	$1.3M	$2.5M	20x	as long as short
Variational Omni TSLA	+0.0036%	8h	376.58	−0.023%	$1.9M	$1.3M	—	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.50	−0.045%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.64	−0.008%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.49	−0.048%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.54	−0.035%	$301K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.61	−0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.41	−0.069%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.63	−0.011%	$1.2M	$6.2M	10x	as long as short
Binance TSLAUSDT	+0.0069%	8h	376.73	+0.015%	$47.1M	$113.5M	25x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	376.63	−0.011%	$483K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0078%	8h	376.75	+0.021%	$578K	$355K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.53	−0.037%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTMshort	+0.0100%	8h	376.44	−0.061%	$1.5M	$550K	20x
ApeX Omni TSLAUSDT	+0.0100%	1h	376.36	−0.082%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.45	−0.058%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.68	+0.002%	$746	—	10x	as long as short
Lighter TSLAlong	+0.0160%	1h	376.67	long leg	$823K	$3.7M	20x
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.260%	$505K	$350K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.831%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.83	+0.042%	$215K	$651K	20x	as long as short
Bullet TSLA-USD	+0.0264%	1h	376.75	+0.021%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0278%	1h	376.48	−0.050%	$489K	$111K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0282%	8h	376.82	+0.041%	$851K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.80	+0.035%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0414%	1h	376.68	+0.003%	$18K	$195K	10x	as long as short