Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.015%

Price spread now: Binance against Nado+0.101%7-day average +0.037% · 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−$31as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.101%, 7d avg +0.037%

Together, before fees+0.064%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.064% dearer against Nado than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.037%): +$6 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 0.037% in total (about 3.8% 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	375.47	0.0293	pay 0.0037% / 1h	26m 21s	$488K	$111K	20x
Short	Binance TSLAUSDT	375.85	0	get 0.0000% / 8h	1h 26m	$47.1M	$113.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.101%Rate

Funding earned: −$61.63
Price spread: +0.101% → +0.037%: $6.43
Slippage, 4 orders: −$20.17
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.37
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Nado: live order book, 17 min ago; Binance: 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 Nado live order book, 17 min ago	4.79 bp	12.6 bp −$13	27.5 bp −$275	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.13 bp	5.3 bp −$5	8.2 bp −$82	30.3 bp −$3,033	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	−0.0862%	4h	375.87	+0.107%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.90	+0.115%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.76	+0.077%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	375.85	+0.101%	$47.1M	$113.5M	25x
Bybit TSLAUSDT	0.0000%	8h	375.79	+0.085%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.82	+0.093%	$11.2M	$16.9M	25x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	375.51	+0.011%	$34K	—	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.87	+0.107%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.76	+0.077%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.67	+0.053%	$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	375.82	+0.093%	$199K	$919K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.86	+0.104%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0027%	1h	375.73	+0.068%	$38K	$38K	10x	as long as short
BloFin TSLA-USDT	+0.0028%	8h	375.86	+0.104%	$578K	$356K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.74	+0.072%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.61	+0.037%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.68	+0.056%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.54	+0.019%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.69	+0.059%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.76	+0.077%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.36	−0.029%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.79	+0.085%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.67	+0.053%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.57	+0.027%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.63	+0.043%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.63	+0.043%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.77	+0.079%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	+0.059%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.87	+0.106%	$214K	$640K	20x	as long as short
Lighter TSLA	+0.0176%	1h	375.80	+0.088%	$820K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0207%	8h	375.78	+0.083%	$843K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.41	+1.049%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0240%	1h	375.85	+0.101%	$5K	$91K	10x	as long as short
Nado TSLA-PERPlong	+0.0293%	1h	375.47	long leg	$488K	$111K	20x
Phoenix TSLA	+0.0318%	1h	375.82	+0.093%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0709%	1h	375.79	+0.085%	$18K	$194K	10x	as long as short