Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0452%/8h= −49.5% APRpaid last 24h −0.184%

Price spread now: edgeX against Ondo Perps+0.125%7-day average +0.072% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.125%, 7d avg +0.072%

Together, before fees−0.101%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.053% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.072%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.133% in total) that is about 2.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -7.0% 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	Ondo Perps TSLA-USD.P	375.90	0.0050	pay 0.0006% / 1h	22m 44s	$1.6M	$1.1M	10x
Short	edgeX TSLAUSDC	376.37	−0.0402	pay 0.0201% / 4h	3h 22m	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$94.98
Price spread: +0.125% → +0.072%: $5.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$103.69
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 1 min ago	4.25 bp	9.0 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 TSLAUSDCshort	−0.0402%	4h	376.37	+0.125%	$398K	$1.0M	10x
Aster TSLAUSDT	0.0000%	8h	376.08	+0.048%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.12	+0.060%	$477K	$11.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.19	+0.076%	$47.0M	$109.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.21	+0.082%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.13	+0.061%	$11.2M	$16.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.18	+0.074%	$2.4M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.12	+0.059%	$16.8M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.41	+0.136%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.44	+0.144%	$200K	$896K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.04	+0.037%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.23	+0.088%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0009%	8h	376.21	+0.082%	$572K	$338K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0010%	1h	376.10	+0.053%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.08	+0.048%	$1.2M	$7.0M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.23	+0.088%	$829K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.24	+0.090%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.22	+0.085%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.20	+0.080%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.210%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.03	+0.035%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.98	+0.021%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.13	+0.061%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	375.90	long leg	$1.6M	$1.1M	10x
RISEx TSLA/USDC	+0.0079%	1h	376.24	+0.089%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.02	+0.032%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.94	+0.011%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	+0.085%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.21	+0.082%	$41K	$20K	20x	as long as short
Bullet TSLA-USD	+0.0103%	1h	376.20	+0.080%	$5K	$92K	10x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.12	+0.059%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0137%	1h	376.08	+0.049%	$489K	$112K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0146%	8h	376.40	+0.133%	$846K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.35	+0.386%	$78K	$36K	30x	as long as short
Hotstuff TSLA-PERP	+0.0224%	1h	375.95	+0.013%	$34K	—	20x	as long as short
Phoenix TSLA	+0.0277%	1h	376.64	+0.197%	$1.3M	$547K	20x	as long as short