Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0295%/8h= −32.3% APRpaid last 24h −0.019%

Price spread now: Aster against Nado+0.109%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.109%, 7d avg +0.042%

Together, before fees+0.047%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.067% dearer against Nado than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.042%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 18 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.033% in total (about 3.5% 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	Nado TSLA-PERP	375.56	0.0295	pay 0.0037% / 1h	17m 06s	$488K	$111K	20x
Short	Aster TSLAUSDT	375.97	0	get 0.0000% / 8h	1h 17m	$574K	$200K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$61.9
Price spread: +0.109% → +0.042%: $6.68
Slippage, 4 orders: −$25.85
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$96.08
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Nado: live order book, 26 min ago; Aster: live order book, 25 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 Nado live order book, 26 min ago	4.79 bp	12.6 bp −$13	27.5 bp −$275	doesn't fit	doesn't fit
Sell Aster live order book, 25 min ago	1.06 bp	7.5 bp −$7	11.5 bp −$115	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	−0.0210%	4h	375.78	+0.057%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0020%	8h	375.95	+0.103%	$576K	$356K	20x	as long as short
Aster TSLAUSDTshort	0.0000%	8h	375.97	+0.109%	$574K	$200K	50x
Bybit TSLAUSDT	0.0000%	8h	375.91	+0.092%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.89	+0.087%	$11.2M	$16.9M	25x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	375.58	+0.005%	$34K	—	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.93	+0.098%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.81	+0.066%	$17.2M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.77	+0.055%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.84	+0.074%	$199K	$918K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	375.89	+0.087%	$1.1M	$14K	10x	as long as short
Binance TSLAUSDT	+0.0005%	8h	375.93	+0.098%	$47.1M	$113.4M	25x	as long as short
Extended TSLA_24_5-USD	+0.0008%	1h	375.83	+0.070%	$481K	$2.7M	10x	as long as short
Aftermath Perps TSLAUSD	+0.0028%	1h	375.61	+0.012%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.83	+0.071%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.62	+0.015%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.74	+0.047%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.61	+0.013%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.76	+0.052%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.81	+0.066%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.50	−0.017%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.86	+0.079%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.56	−0.001%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.63	+0.018%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.49	−0.019%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.85	+0.076%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.85	+0.077%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	+0.034%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.95	+0.103%	$214K	$640K	20x	as long as short
Lighter TSLA	+0.0184%	1h	375.86	+0.079%	$820K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.66	+1.091%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0226%	8h	375.91	+0.091%	$846K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0258%	1h	375.94	+0.100%	$5K	$90K	10x	as long as short
Nado TSLA-PERPlong	+0.0295%	1h	375.56	long leg	$488K	$111K	20x
Phoenix TSLA	+0.0318%	1h	375.85	+0.076%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0336%	1h	375.77	+0.055%	$18K	$194K	10x	as long as short