Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h +0.003%

Price spread now: Variational Omni against Lighter RH+0.059%7-day average +0.030% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.059%, 7d avg +0.030%

Together, before fees−0.090%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Variational Omni is 0.029% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH TSLA	375.50	0.0032	pay 0.0004% / 1h	37m 02s	$1.2M	$2.5M	20x
Short	Variational Omni TSLA	375.72	0.0046	get 0.0046% / 8h	7h 37m	$1.8M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.059%Rate

Funding earned: $2.98
Price spread: +0.059% → +0.030%: $2.9
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.88
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 1 min ago	1.86 bp	2.9 bp −$3	6.7 bp −$67	47.5 bp −$4,752	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.02 bp	doesn't fit	8.4 bp −$84	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	−0.0761%	4h	375.83	+0.088%	$397K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.55	+0.013%	$10.1M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.57	+0.019%	$11.2M	$16.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.54	+0.011%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.50	0.000%	$17.3M	$23.0M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	375.75	+0.067%	$199K	$933K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.42	−0.021%	$18K	$191K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.65	+0.040%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0010%	8h	375.71	+0.057%	$573K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0029%	1h	375.65	+0.041%	$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
Lighter TSLA	+0.0032%	1h	375.53	+0.008%	$804K	$3.7M	20x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	375.50	long leg	$1.2M	$2.5M	20x
Arcus TSLA-USD	+0.0040%	1h	375.43	−0.019%	$134K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.58	+0.021%	—	$126K	25x	as long as short
Variational Omni TSLAshort	+0.0046%	8h	375.72	+0.059%	$1.8M	$1.3M	—
QFEX TSLA-USD	+0.0048%	1h	375.56	+0.016%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.28	−0.059%	$44.5M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.35	−0.040%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.50	0.000%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.45	−0.013%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0060%	1h	375.61	+0.029%	$5K	$92K	10x	as long as short
Binance TSLAUSDT	+0.0072%	8h	375.55	+0.013%	$47.1M	$114.4M	25x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	375.49	−0.003%	$483K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0081%	8h	375.55	+0.013%	$580K	$357K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0099%	8h	375.91	+0.108%	$850K	$2.9M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.44	−0.016%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.51	+0.003%	$1.5M	$2.3M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.66	+0.043%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.42	−0.021%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.52	+0.006%	$744	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0120%	1h	375.34	−0.043%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0153%	1h	375.45	−0.013%	$497K	$116K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.49	−0.003%	$506K	$353K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.103%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.70	+0.053%	$214K	$653K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	375.78	+0.075%	$1.3M	$507K	20x	as long as short