Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%

Price spread now: OKX against Ondo Perps+0.080%7-day average +0.105% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days+0.028%+$3 · spread now +0.080%, 7d avg +0.105%

Together, before fees−0.046%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.025% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.105%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps TSLA-USD.P	376.04	0.0050	pay 0.0006% / 1h	5m 58s	$1.6M	$1.1M	10x
Short	OKX TSLA-USDT-SWAP	376.34	0	get 0.0000% / 8h	5m 58s	$11.2M	$16.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Ondo Perps. 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 Ondo PerpsbpFee OKXbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$10.58
Price spread: +0.080% → +0.105%: −$2.51
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.1
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.13 bp	7.1 bp −$7	11.4 bp −$114	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 TSLAUSDC	−0.0211%	4h	376.69	+0.174%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.35	+0.082%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	376.34	+0.080%	$11.2M	$16.9M	25x
Gate TSLA_USDT	0.0000%	8h	376.28	+0.064%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.26	+0.059%	$17.3M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.35	+0.082%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.30	+0.069%	$1.1M	$14K	10x	as long as short
Hotstuff TSLA-PERP	+0.0008%	1h	376.14	+0.027%	$34K	—	20x	as long as short
Aster TSLAUSDT	+0.0022%	8h	376.53	+0.129%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.36	+0.085%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	376.25	+0.056%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.35	+0.082%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.36	+0.085%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.06	+0.005%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.20	+0.043%	$300K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.21	+0.045%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	376.04	long leg	$1.6M	$1.1M	10x
Variational Omni TSLA	+0.0057%	8h	376.66	+0.164%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.20	+0.043%	$1.2M	$6.2M	10x	as long as short
Binance TSLAUSDT	+0.0087%	8h	376.31	+0.072%	$47.1M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.22	+0.049%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.08	+0.012%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.18	+0.037%	$1.5M	$1.9M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.33	+0.077%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.31	+0.072%	$41K	$23K	20x	as long as short
BloFin TSLA-USDT	+0.0100%	8h	376.61	+0.152%	$580K	$356K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.26	+0.060%	$745	—	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0122%	1h	376.17	+0.035%	$18K	$195K	10x	as long as short
Lighter TSLA	+0.0136%	1h	376.25	+0.056%	$819K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.181%	$509K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+1.000%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0230%	1h	376.29	+0.067%	$6K	$91K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.38	+0.090%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0282%	1h	376.09	+0.013%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0292%	8h	376.69	+0.172%	$850K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.83	+0.210%	$1.3M	$525K	20x	as long as short