Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0746%/8h= −81.7% APRpaid last 24h −0.138%

Price spread now: edgeX against Lighter RH−0.027%50s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$220.216% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.027%, 7d avg +0.004%

Together, before fees−0.038%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and edgeX is 0.031% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	375.83	0.0032	pay 0.0004% / 1h	12m 45s	$1.2M	$2.6M	20x
Short	edgeX TSLAUSDC	375.73	−0.0714	pay 0.0357% / 4h	12m 45s	$397K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$156.75
Price spread: −0.027% → +0.004%: −$3.11
Slippage, 4 orders: −$12.56
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$181.42
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; edgeX: live order book, 6 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	1.60 bp	1.8 bp −$2	5.2 bp −$52	41.4 bp −$4,138	doesn't fit
Sell edgeX live order book, 6 min ago	4.26 bp	9.1 bp −$9	12.2 bp −$122	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 TSLAUSDCshort	−0.0714%	4h	375.73	−0.027%	$397K	$1.0M	10x
BloFin TSLA-USDT	−0.0029%	8h	375.83	0.000%	$569K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.68	−0.041%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.77	−0.017%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.84	+0.003%	$46.9M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.92	+0.024%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.80	−0.008%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.75	−0.021%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.75	−0.021%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.70	−0.034%	$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	375.84	+0.003%	$199K	$892K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	375.76	−0.019%	$5K	$90K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.65	−0.048%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.80	−0.008%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	375.58	−0.067%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0031%	1h	375.72	−0.029%	$1.2M	$7.3M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.81	−0.005%	$653K	$3.3M	20x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	375.83	long leg	$1.2M	$2.6M	20x
Vest TSLA-USD-PERP	+0.0046%	1h	375.74	−0.024%	—	$133K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	375.56	−0.072%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.58	−0.067%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.60	−0.061%	$297K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.76	−0.019%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.38	−0.120%	$1.6M	$1.0M	10x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.61	−0.059%	$165K	$95K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.86	+0.008%	$254K	$577K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.61	−0.059%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.61	−0.059%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.61	−0.059%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.61	−0.059%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.77	−0.015%	$744	—	10x	as long as short
Nado TSLA-PERP	+0.0106%	1h	375.65	−0.047%	$493K	$110K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.192%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0145%	8h	375.83	0.000%	$846K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.62	+0.210%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.94	+0.029%	$1.3M	$547K	20x	as long as short