Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.040%

Price spread now: Phemex against Lighter+0.016%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.016%, 7d avg +0.014%

Together, before fees−0.140%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	376.74	0.0088	pay 0.0011% / 1h	16m 13s	$805K	$3.7M	20x
Short	Phemex TSLAUSDT	376.80	0	get 0.0000% / 4h	2h 16m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$18.48
Price spread: +0.016% → +0.014%: $0.21
Slippage, 4 orders: −$48.61
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$78.88
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Phemex: 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 Lighter live order book, 4 min ago	0.80 bp	1.0 bp −$1	2.3 bp −$23	22.6 bp −$2,262	doesn't fit
Sell Phemex live order book, 5 min ago	1.86 bp	29.7 bp −$30	doesn't fit	doesn't fit	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
edgeX TSLAUSDC	−0.0063%	4h	376.68	−0.017%	$396K	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	376.47	−0.072%	$34K	—	20x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.88	+0.037%	$10.1M	$14.0M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.84	+0.027%	$11.3M	$15.4M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.91	+0.045%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.80	+0.016%	$17.2M	$23.7M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.55	−0.050%	$200K	$958K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.54	−0.053%	$18K	$191K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.80	+0.016%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0023%	1h	376.57	−0.045%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	376.72	−0.005%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.59	−0.040%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.66	−0.021%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.52	−0.058%	$44.7M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.55	−0.050%	$300K	$144K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.72	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.45	−0.077%	$1.5M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0053%	1h	376.71	−0.008%	$1.3M	$6.2M	10x	as long as short
Lighter TSLAlong	+0.0088%	1h	376.74	long leg	$805K	$3.7M	20x
Pacifica TSLA	+0.0100%	1h	376.38	−0.096%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.47	−0.072%	$1.4M	$3.3M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.51	−0.061%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.55	−0.050%	$41K	$25K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.80	+0.015%	$746	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	376.58	−0.042%	$517K	$387K	10x	as long as short
Aster TSLAUSDT	+0.0142%	8h	376.81	+0.019%	$575K	$190K	50x	as long as short
RISEx TSLA/USDC	+0.0175%	1h	376.82	+0.021%	$226K	$656K	20x	as long as short
Variational Omni TSLA	+0.0180%	8h	376.75	+0.002%	$1.7M	$1.5M	—	as long as short
Binance TSLAUSDT	+0.0199%	8h	376.85	+0.029%	$47.2M	$115.0M	25x	as long as short
Extended TSLA_24_5-USD	+0.0200%	1h	376.74	+0.001%	$484K	$2.7M	10x	as long as short
Bullet TSLA-USD	+0.0203%	1h	376.84	+0.027%	$6K	$94K	10x	as long as short
BloFin TSLA-USDT	+0.0215%	8h	376.80	+0.016%	$584K	$367K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.30	+0.149%	$76K	$39K	30x	as long as short
Nado TSLA-PERP	+0.0233%	1h	376.52	−0.058%	$499K	$99K	20x	as long as short
Phoenix TSLA	+0.0297%	1h	376.78	+0.011%	$1.3M	$502K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0682%	8h	376.83	+0.024%	$849K	$2.9M	10x	as long as short