Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.035%

Price spread now: Lighter against OKX−0.011%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.011%, 7d avg −0.045%

Together, before fees+0.072%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.034% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSLA-USDT-SWAP	376.77	0	get 0.0000% / 8h	6h 16m	$11.3M	$15.4M	25x
Short	Lighter TSLA	376.73	0.0088	get 0.0011% / 1h	16m 44s	$805K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.011%Rate

Funding earned: $18.48
Price spread: −0.011% → −0.045%: $3.43
Slippage, 4 orders: −$6.37
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.54
Costs to cover: 0.164%
Break-even: 4.9 days

Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 4 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 OKX live order book, 5 min ago	0.13 bp	7.2 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.80 bp	0.8 bp −$1	2.2 bp −$22	50.9 bp −$5,089	doesn't fit

TSLA on 36 exchanges

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	−0.0063%	4h	376.68	−0.025%	$396K	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	376.47	−0.080%	$34K	—	20x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.83	+0.016%	$10.1M	$14.0M	100x	as long as short
OKX TSLA-USDT-SWAPlong	0.0000%	8h	376.77	long leg	$11.3M	$15.4M	25x
Gate TSLA_USDT	0.0000%	8h	376.85	+0.021%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.78	+0.003%	$17.2M	$23.7M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.55	−0.058%	$200K	$958K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.76	−0.003%	$1.1M	$14K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0016%	1h	376.54	−0.061%	$18K	$191K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	376.58	−0.050%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	376.70	−0.019%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.59	−0.048%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.65	−0.032%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.45	−0.085%	$44.7M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.53	−0.064%	$300K	$144K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.64	−0.035%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.45	−0.085%	$1.5M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0053%	1h	376.68	−0.024%	$1.3M	$6.2M	10x	as long as short
Lighter TSLAshort	+0.0088%	1h	376.73	−0.011%	$805K	$3.7M	20x
Pacifica TSLA	+0.0100%	1h	376.38	−0.104%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.46	−0.082%	$1.4M	$3.3M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.51	−0.069%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.52	−0.066%	$41K	$25K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.76	−0.003%	$746	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	376.58	−0.050%	$517K	$387K	10x	as long as short
Aster TSLAUSDT	+0.0142%	8h	376.81	+0.011%	$575K	$190K	50x	as long as short
RISEx TSLA/USDC	+0.0175%	1h	376.82	+0.013%	$226K	$656K	20x	as long as short
Variational Omni TSLA	+0.0180%	8h	376.75	−0.006%	$1.7M	$1.5M	—	as long as short
Binance TSLAUSDT	+0.0199%	8h	376.80	+0.007%	$47.2M	$115.0M	25x	as long as short
Extended TSLA_24_5-USD	+0.0200%	1h	376.69	−0.022%	$484K	$2.7M	10x	as long as short
Bullet TSLA-USD	+0.0201%	1h	376.78	+0.003%	$6K	$94K	10x	as long as short
BloFin TSLA-USDT	+0.0215%	8h	376.80	+0.008%	$584K	$367K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.30	+0.141%	$76K	$39K	30x	as long as short
Nado TSLA-PERP	+0.0231%	1h	376.47	−0.078%	$499K	$99K	20x	as long as short
Phoenix TSLA	+0.0297%	1h	376.78	+0.003%	$1.3M	$502K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0682%	8h	376.83	+0.016%	$849K	$2.9M	10x	as long as short