Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.049%

Price spread now: Gate against Lighter RH+0.021%7-day average +0.056% · 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−$30as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days+0.038%+$4 · spread now +0.021%, 7d avg +0.056%

Together, before fees+0.133%+ Points / potential airdropLighter RH: Points live · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.035% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	376.22	0.0032	pay 0.0004% / 1h	5m 57s	$1.2M	$2.5M	20x
Short	Gate TSLA_USDT	376.30	0.0025	get 0.0025% / 8h	3h 05m	$2.3M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: −$1.47
Price spread: +0.021% → +0.056%: −$3.51
Slippage, 4 orders: −$11.51
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.49
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Gate: 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 RH live order book, 2 min ago	0.80 bp	1.0 bp −$1	5.3 bp −$53	44.2 bp −$4,421	doesn't fit
Sell Gate live order book, 2 min ago	1.33 bp	13.7 bp −$14	22.0 bp −$220	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	−0.0101%	4h	376.24	+0.005%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0025%	8h	376.26	+0.011%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.32	+0.028%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.23	+0.003%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.33	+0.028%	$47.0M	$112.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.28	+0.016%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.33	+0.029%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.36	+0.037%	$290K	$580K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	375.92	−0.080%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.27	+0.013%	$17.1M	$22.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	376.30	+0.021%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.29	+0.019%	$200K	$903K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.30	+0.021%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0019%	1h	376.13	−0.024%	$38K	$40K	10x	as long as short
Gate TSLA_USDTshort	+0.0025%	8h	376.30	+0.021%	$2.3M	$3.5M	100x
Lighter RH TSLAlong	+0.0032%	1h	376.22	long leg	$1.2M	$2.5M	20x
QFEX TSLA-USD	+0.0033%	1h	376.22	0.000%	$1.2M	$6.2M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.99	−0.061%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.11	−0.029%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.96	−0.069%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.15	−0.019%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.25	+0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.84	−0.101%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0072%	1h	376.23	+0.003%	$838K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	−0.024%	$511K	$337K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.99	−0.061%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.08	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.04	−0.048%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.32	+0.027%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.26	+0.009%	$745	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0112%	8h	376.34	+0.033%	$844K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0140%	1h	376.33	+0.030%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	380.08	+1.026%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0228%	1h	376.01	−0.057%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0276%	1h	376.23	+0.003%	$1.3M	$540K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0442%	1h	376.24	+0.005%	$18K	$192K	10x	as long as short