Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Bitget against Lighter RH+0.005%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days+0.005%$0 · spread now +0.005%, 7d avg +0.043%

Together, before fees−0.028%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.038% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	376.54	0.0032	pay 0.0004% / 1h	10m 36s	$1.2M	$2.6M	20x
Short	Bitget TSLAUSDT	376.56	0	get 0.0000% / 8h	10m 36s	$17.4M	$23.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$6.72
Price spread: +0.005% → +0.043%: −$3.79
Slippage, 4 orders: −$10.73
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$33.24
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Bitget: 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 RH live order book, 2 min ago	2.12 bp	2.2 bp −$2	5.2 bp −$52	40.2 bp −$4,022	doesn't fit
Sell Bitget live order book, 3 min ago	0.53 bp	8.9 bp −$9	12.6 bp −$126	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	−0.0276%	4h	377.20	+0.176%	$399K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.64	+0.027%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.63	+0.024%	$11.3M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.67	+0.035%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDTshort	0.0000%	8h	376.56	+0.005%	$17.4M	$23.2M	100x
StandX TSLA-USD	0.0000%	1h	376.44	−0.027%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.67	+0.035%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0021%	8h	376.74	+0.054%	$575K	$200K	50x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	376.54	long leg	$1.2M	$2.6M	20x
Aftermath Perps TSLAUSD	+0.0033%	1h	376.67	+0.035%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.70	+0.042%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.54	0.000%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.39	−0.040%	$44.7M	$15.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.51	−0.008%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.60	+0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.29	−0.066%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0057%	8h	376.66	+0.031%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.55	+0.003%	$1.2M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0072%	8h	376.68	+0.037%	$579K	$356K	20x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	376.36	−0.048%	$34K	—	20x	as long as short
Binance TSLAUSDT	+0.0086%	8h	376.64	+0.027%	$47.1M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.53	−0.003%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.35	−0.052%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.37	−0.045%	$1.5M	$1.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.73	+0.050%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.60	+0.016%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.65	+0.030%	$746	—	10x	as long as short
Lighter TSLA	+0.0144%	1h	376.56	+0.005%	$821K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.048%	$509K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.866%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0239%	1h	376.70	+0.042%	$6K	$92K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.68	+0.036%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0281%	1h	376.33	−0.056%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0292%	8h	377.06	+0.139%	$850K	$2.8M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0308%	1h	376.54	0.000%	$18K	$195K	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.98	+0.117%	$1.3M	$525K	20x	as long as short