TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0142%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.059%

Price spread now: Phoenix against Lighter+0.005%74s7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs+$30as 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−$220.221% of the position

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.518%+$52 on $10k

Price spread, last 7 days+0.123%+$12 · spread now +0.005%, 7d avg +0.072%

Together, before fees+0.640%+ Points / potential airdropLighter: Season 3 · farm board+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.067% cheaper against Lighter than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.072%). If the spread goes back, that is −$7 on $10k: about 38 hours of funding at the current rate (+$4 a day). The two prices were read 74 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	Lighter TSLA	375.80	0.0176	pay 0.0022% / 1h	26m 19s	$820K	$3.7M	20x
Short	Phoenix TSLA	375.82	0.0318	get 0.0040% / 1h	26m 19s	$1.3M	$528K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.005%Rate

Funding earned: $29.91
Price spread: +0.005% → +0.072%: −$6.68
Slippage, 4 orders: −$15.14
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $1.09
Costs to cover: 0.221%
Break-even: 6.7 days

Slippage from Lighter: live order book, 11 min ago; Phoenix: live order book, 2 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, 11 min ago	0.53 bp	0.7 bp −$1	2.9 bp −$29	52.1 bp −$5,205	doesn't fit
Sell Phoenix live order book, 2 min ago	2.93 bp	10.5 bp −$10	21.5 bp −$215	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	−0.0862%	4h	375.87	+0.019%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.90	+0.027%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.76	−0.011%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.85	+0.013%	$47.1M	$113.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.79	−0.003%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.82	+0.005%	$11.2M	$16.9M	25x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	375.51	−0.077%	$34K	—	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.87	+0.019%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.76	−0.011%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.67	−0.035%	$1.9M	$1.3M	—	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	375.82	+0.005%	$199K	$919K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.86	+0.016%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0027%	1h	375.73	−0.020%	$38K	$38K	10x	as long as short
BloFin TSLA-USDT	+0.0028%	8h	375.86	+0.016%	$578K	$356K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.74	−0.016%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.61	−0.051%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.68	−0.032%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.54	−0.069%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.69	−0.029%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.76	−0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.36	−0.117%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.79	−0.003%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.67	−0.035%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.57	−0.061%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.63	−0.045%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.63	−0.045%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.77	−0.009%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.029%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.87	+0.018%	$214K	$640K	20x	as long as short
Lighter TSLAlong	+0.0176%	1h	375.80	long leg	$820K	$3.7M	20x
GRVT TSLA_USDT_Perp	+0.0207%	8h	375.78	−0.005%	$843K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.41	+0.961%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0240%	1h	375.85	+0.013%	$5K	$91K	10x	as long as short
Nado TSLA-PERP	+0.0293%	1h	375.47	−0.088%	$488K	$111K	20x	as long as short
Phoenix TSLAshort	+0.0318%	1h	375.82	+0.005%	$1.3M	$528K	20x
Deribit TSLA_USDC-PERPETUAL	+0.0709%	1h	375.79	−0.003%	$18K	$194K	10x	as long as short