Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.003%

Price spread now: Binance against Lighter RH+0.019%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$150.155% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.019%, 7d avg +0.041%

Together, before fees−0.027%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.023% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.041%). If the spread goes back, that is −$2 on $10k: about 33 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	376.44	0.0032	pay 0.0004% / 1h	2m 42s	$1.2M	$2.6M	20x
Short	Binance TSLAUSDT	376.51	0.0088	get 0.0088% / 8h	2m 42s	$47.1M	$114.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now +0.019%Rate

Funding earned: $11.69
Price spread: +0.019% → +0.041%: −$2.28
Slippage, 4 orders: −$5.5
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.08
Costs to cover: 0.155%
Break-even: 10.6 days

Slippage from Lighter RH: live order book, 5 min ago; Binance: live order book, 10 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 RH live order book, 5 min ago	0.93 bp	0.9 bp −$1	4.3 bp −$43	42.7 bp −$4,266	doesn't fit
Sell Binance live order book, 10 min ago	0.13 bp	6.2 bp −$6	9.2 bp −$92	26.3 bp −$2,632	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	−0.0779%	4h	376.38	−0.017%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.52	+0.021%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.47	+0.008%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.47	+0.008%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.52	+0.021%	$17.4M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.36	−0.021%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.46	+0.005%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0023%	8h	376.56	+0.031%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.36	−0.021%	$38K	$36K	10x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	376.44	long leg	$1.2M	$2.6M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.26	−0.048%	$135K	$108K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0042%	1h	376.40	−0.011%	$18K	$196K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.52	+0.021%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.28	−0.043%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.36	−0.021%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.43	−0.003%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.17	−0.072%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0059%	8h	376.24	−0.052%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.48	+0.011%	$1.3M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0085%	8h	376.55	+0.029%	$582K	$356K	20x	as long as short
Binance TSLAUSDTshort	+0.0088%	8h	376.51	+0.019%	$47.1M	$114.8M	25x
Extended TSLA_24_5-USD	+0.0088%	1h	376.46	+0.005%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.30	−0.036%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.30	−0.037%	$1.5M	$1.9M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.12	−0.085%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.25	−0.050%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.51	+0.019%	$745	—	10x	as long as short
Lighter TSLA	+0.0128%	1h	376.43	−0.003%	$817K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.074%	$509K	$357K	10x	as long as short
Hotstuff TSLA-PERP	+0.0184%	1h	376.35	−0.024%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0220%	1h	376.53	+0.024%	$6K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.893%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.56	+0.032%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0278%	1h	376.30	−0.037%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0293%	8h	376.52	+0.021%	$849K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.56	+0.032%	$1.3M	$525K	20x	as long as short