Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%

Price spread now: Variational Omni against Ondo Perps+0.122%7-day average +0.096% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.041%−$4 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.122%, 7d avg +0.096%

Together, before fees−0.115%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.027% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.096%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps TSLA-USD.P	375.78	0.0050	pay 0.0006% / 1h	41m 58s	$1.6M	$1.1M	10x
Short	Variational Omni TSLA	376.24	0	get 0.0000% / 8h	1h 41m	$1.9M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.122%Rate

Funding earned: −$10.58
Price spread: +0.122% → +0.096%: $2.67
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.92
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 2 min ago	2.01 bp	doesn't fit	8.5 bp −$85	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	−0.0459%	4h	376.21	+0.113%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0013%	8h	375.87	+0.024%	$577K	$355K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.96	+0.048%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.70	−0.022%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.78	0.000%	$47.2M	$113.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.72	−0.016%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.75	−0.008%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.70	−0.021%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLAshort	0.0000%	8h	376.24	+0.122%	$1.9M	$1.3M	—
StandX TSLA-USD	0.0000%	1h	375.93	+0.040%	$199K	$918K	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	375.67	−0.029%	$18K	$194K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.82	+0.011%	$1.1M	$14K	10x	as long as short
Gate TSLA_USDT	+0.0002%	8h	375.81	+0.008%	$2.3M	$3.5M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	375.83	+0.013%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.76	−0.005%	$1.3M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.51	−0.072%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.86	+0.021%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.75	−0.008%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.47	−0.082%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.70	−0.021%	$300K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.66	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	375.78	long leg	$1.6M	$1.1M	10x
QFEX TSLA-USD	+0.0052%	1h	375.78	0.000%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.66	−0.032%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.61	−0.045%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.89	+0.029%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.82	+0.011%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.73	−0.013%	$744	—	10x	as long as short
Lighter TSLA	+0.0136%	1h	375.76	−0.005%	$821K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.33	+0.146%	$506K	$349K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.88	+0.025%	$214K	$642K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0197%	8h	376.32	+0.143%	$851K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0207%	1h	375.82	+0.011%	$5K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	380.07	+1.142%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0298%	1h	375.63	−0.039%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	376.30	+0.138%	$1.3M	$528K	20x	as long as short