Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Phemex against Lighter RH+0.101%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$760.764% of the position

Long on Lighter RH Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.101%, 7d avg +0.011%

Together, before fees−0.169%+ Points / potential airdropLighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.090% dearer against Lighter RH than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.011%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	375.92	0.0032	pay 0.0004% / 1h	39m 58s	$1.2M	$2.5M	20x
Short	Phemex TSLAUSDT	376.30	0	get 0.0000% / 4h	3h 39m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$6.72
Price spread: +0.101% → +0.011%: $9.04
Slippage, 4 orders: −$64.42
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$74.09
Costs to cover: 0.764%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Phemex: 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, 3 min ago	2.13 bp	2.9 bp −$3	6.4 bp −$64	49.6 bp −$4,962	doesn't fit
Sell Phemex live order book, 3 min ago	1.73 bp	36.6 bp −$37	doesn't fit	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	−0.0876%	4h	376.26	+0.091%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0024%	8h	376.11	+0.051%	$575K	$352K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.96	+0.012%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.88	−0.011%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.99	+0.019%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.05	+0.035%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.94	+0.005%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.04	+0.031%	$289K	$580K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	375.67	−0.067%	$34K	—	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.92	0.000%	$17.0M	$22.5M	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	376.02	+0.026%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.04	+0.032%	$200K	$897K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.30	+0.101%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0021%	1h	375.93	+0.001%	$38K	$41K	10x	as long as short
Gate TSLA_USDT	+0.0031%	8h	376.00	+0.021%	$2.3M	$3.5M	100x	as long as short
Lighter TSLA	+0.0032%	1h	375.92	0.000%	$818K	$3.6M	20x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	375.92	long leg	$1.2M	$2.5M	20x
QFEX TSLA-USD	+0.0033%	1h	375.99	+0.019%	$1.2M	$6.4M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.92	0.000%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.91	−0.003%	—	$129K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.66	−0.069%	$44.4M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.84	−0.021%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.90	−0.005%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.97	+0.013%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0063%	8h	376.35	+0.114%	$842K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	+0.141%	$512K	$330K	10x	as long as short
Bullet TSLA-USD	+0.0094%	1h	376.00	+0.021%	$5K	$90K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.81	−0.029%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.82	−0.027%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.10	+0.048%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.73	−0.051%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.92	−0.001%	$744	—	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0123%	1h	375.84	−0.021%	$20K	$189K	10x	as long as short
Nado TSLA-PERP	+0.0210%	1h	375.81	−0.030%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.23	+0.348%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.25	+0.088%	$1.3M	$540K	20x	as long as short