Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.007%

Price spread now: QFEX against OKX−0.045%7-day average −0.048% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.045%, 7d avg −0.048%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSLA-USDT-SWAP	376.45	0	get 0.0000% / 8h	46m 10s	$11.2M	$16.9M	25x
Short	QFEX TSLA-USD	376.28	0.0067	get 0.0008% / 1h	46m 10s	$1.2M	$6.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $14.06
Price spread: −0.045% → −0.048%: $0.28
Slippage, 4 orders: −$6.22
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$11.87
Costs to cover: 0.262%
Break-even: 12.9 days

Slippage from OKX: live order book, 2 min ago; QFEX: live order book, 8 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, 2 min ago	0.13 bp	6.3 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	1.46 bp	6.5 bp −$6	7.3 bp −$73	12.8 bp −$1,285	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	−0.0251%	4h	375.99	−0.122%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0016%	1h	375.99	−0.122%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.07	−0.101%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.44	−0.003%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAPlong	0.0000%	8h	376.45	long leg	$11.2M	$16.9M	25x
Gate TSLA_USDT	0.0000%	8h	376.22	−0.061%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.22	−0.061%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.38	−0.019%	$200K	$921K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.28	−0.045%	$1.1M	$14K	10x	as long as short
Variational Omni TSLA	+0.0003%	8h	375.97	−0.127%	$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
BloFin TSLA-USDT	+0.0016%	8h	376.37	−0.021%	$579K	$355K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0031%	1h	375.99	−0.123%	$38K	$37K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.15	−0.080%	$1.3M	$2.5M	20x	as long as short
Extended TSLA_24_5-USD	+0.0040%	1h	376.16	−0.078%	$480K	$2.7M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.00	−0.120%	$135K	$108K	10x	as long as short
Binance TSLAUSDT	+0.0043%	8h	376.41	−0.011%	$47.1M	$113.4M	25x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.17	−0.074%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.22	−0.061%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.05	−0.106%	$300K	$304K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.72	−0.194%	$1.6M	$1.1M	10x	as long as short
SoDEX TSLA-USD	+0.0051%	1h	376.17	−0.074%	$4K	$3K	10x	as long as short
QFEX TSLA-USDshort	+0.0067%	1h	376.28	−0.045%	$1.2M	$6.2M	10x
Pacifica TSLA	+0.0100%	1h	375.95	−0.133%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.99	−0.122%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.88	−0.151%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.23	−0.058%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.20	−0.066%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.202%	$505K	$350K	10x	as long as short
Lighter TSLA	+0.0184%	1h	376.19	−0.069%	$821K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.890%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0255%	8h	376.10	−0.092%	$844K	$2.8M	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.39	−0.017%	$214K	$646K	20x	as long as short
Bullet TSLA-USD	+0.0273%	1h	376.30	−0.040%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0286%	1h	376.08	−0.098%	$489K	$111K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	376.15	−0.080%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0495%	1h	376.20	−0.066%	$18K	$195K	10x	as long as short