Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0217%/8h= −23.8% APRpaid last 24h −0.015%

Price spread now: Variational Omni against Nado+0.070%7-day average +0.029% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now +0.070%, 7d avg +0.029%

Together, before fees+0.147%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.041% dearer against Nado than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.029%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.038% in total (about 4.1% 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	376.11	0.0217	pay 0.0027% / 1h	17m 51s	$489K	$112K	20x
Short	Variational Omni TSLA	376.37	0	get 0.0000% / 8h	3h 17m	$1.9M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.070%Rate

Funding earned: −$45.55
Price spread: +0.070% → +0.029%: $4.15
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$48.4
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 35 min ago; Variational Omni: RFQ quote, 1 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 Nado live order book, 35 min ago	3.19 bp	8.2 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.01 bp	doesn't fit	6.8 bp −$68	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	−0.0628%	4h	376.34	+0.063%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0008%	1h	376.06	−0.012%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.37	+0.072%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.23	+0.034%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.35	+0.065%	$47.0M	$112.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.36	+0.068%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.36	+0.068%	$11.3M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.29	+0.049%	$290K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.32	+0.057%	$17.1M	$22.6M	100x	as long as short
Variational Omni TSLAshort	0.0000%	8h	376.37	+0.070%	$1.9M	$1.3M	—

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.43	+0.086%	$200K	$894K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.14	+0.009%	$18K	$192K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.33	+0.060%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0012%	8h	376.40	+0.078%	$576K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0018%	1h	376.12	+0.004%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0024%	8h	376.35	+0.065%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.26	+0.041%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0033%	1h	376.22	+0.030%	$1.2M	$6.3M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.10	−0.001%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.25	+0.038%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.04	−0.017%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.11	+0.001%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.22	+0.030%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.07	−0.009%	$1.6M	$1.1M	10x	as long as short
Lighter TSLA	+0.0056%	1h	376.27	+0.044%	$839K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.13	+0.007%	$511K	$339K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0096%	8h	376.48	+0.099%	$845K	$2.8M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.07	−0.010%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.13	+0.007%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.21	+0.028%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.19	+0.023%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.17	+0.017%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0121%	1h	376.30	+0.052%	$4K	$90K	10x	as long as short
Nado TSLA-PERPlong	+0.0217%	1h	376.11	long leg	$489K	$112K	20x
Injective TSLA/USDC PERP	+0.0220%	1h	377.78	+0.445%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.41	+0.081%	$1.3M	$540K	20x	as long as short