Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Pacifica+0.054%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.262% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.054%, 7d avg +0.024%
=Together, before fees−0.105%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.030% dearer against Pacifica than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.024%): +$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 35 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica TSLA | 375.03 | 0.0100 | pay 0.0013% / 1h | 45m 18s | $389K | $38K | 10x |
| Short | Lighter TSLA | 375.23 | 0.0032 | get 0.0004% / 1h | 45m 18s | $648K | $3.3M | 20x |
Pacifica TSLA
Lighter TSLAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.28
- Price spread: +0.054% → +0.024%
- $3
- Slippage, 4 orders
- −$18.23
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$37.51
- Costs to cover
- 0.262%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 38 min ago; Lighter: live order book, 2 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 Pacifica live order book, 38 min ago | 1.60 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 0.13 bp | 2.0 bp −$2 | 3.6 bp −$36 | 79.2 bp −$7,921 | 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 | −0.0577% | 4h | 375.24 | +0.058% | $397K | $1.0M | 10x | as long as short |
| Hotstuff TSLA-PERP | −0.0040% | 1h | 375.05 | +0.006% | $34K | — | 20x | as long as short |
| Aster TSLAUSDT | 0.0000% | 8h | 375.12 | +0.024% | $584K | $192K | 50x | as long as short |
| Extended TSLA_24_5-USD | 0.0000% | 1h | 375.18 | +0.042% | $477K | $10.6M | 10x | as long as short |
| Binance TSLAUSDT | 0.0000% | 8h | 375.29 | +0.070% | $46.9M | $110.0M | 25x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 375.38 | +0.094% | $10.2M | $15.4M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 375.25 | +0.060% | $11.2M | $16.8M | 25x | as long as short |
| RISEx TSLA/USDC | 0.0000% | 1h | 375.36 | +0.090% | $175K | $529K | 20x | as long as short |
| Gate TSLA_USDT | 0.0000% | 8h | 375.22 | +0.052% | $2.3M | $4.1M | 100x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 375.17 | +0.038% | $16.6M | $22.5M | 100x | as long as short |
edgeX TSLAUSDC
Hotstuff TSLA-PERP
Aster TSLAUSDT
Extended TSLA_24_5-USD
Binance TSLAUSDT
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
RISEx TSLA/USDC
Gate TSLA_USDT
Bitget TSLAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TSLA | 0.0000% | 8h | 375.21 | +0.049% | $1.8M | $1.2M | — | as long as short |
| StandX TSLA-USD | 0.0000% | 1h | 375.27 | +0.065% | $199K | $900K | 20x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | 0.0000% | 1h | 375.05 | +0.006% | $20K | $186K | 10x | as long as short |
| Phemex TSLAUSDT | 0.0000% | 4h | 375.25 | +0.060% | $1.1M | $13K | 10x | as long as short |
| Aftermath Perps TSLAUSD | +0.0014% | 1h | 375.12 | +0.024% | $38K | $49K | 10x | as long as short |
| BloFin TSLA-USDT | +0.0025% | 8h | 375.25 | +0.060% | $570K | $341K | 20x | as long as short |
| Bullet TSLA-USD | +0.0025% | 1h | 375.33 | +0.082% | $5K | $90K | 10x | as long as short |
| QFEX TSLA-USD | +0.0030% | 1h | 375.23 | +0.054% | $1.2M | $7.1M | 10x | as long as short |
| Lighter TSLAshort | +0.0032% | 1h | 375.23 | +0.054% | $648K | $3.3M | 20x | |
| Lighter RH TSLA | +0.0032% | 1h | 375.27 | +0.065% | $1.2M | $2.6M | 20x | as long as short |
| Arcus TSLA-USD | +0.0040% | 1h | 375.16 | +0.036% | $153K | $84K | 10x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 375.17 | +0.038% | — | $133K | 25x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 375.12 | +0.025% | $43.5M | $14.2M | 20x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 375.07 | +0.012% | $297K | $292K | 10x | as long as short |
| SoDEX TSLA-USD | +0.0050% | 1h | 375.15 | +0.033% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 374.87 | −0.042% | $1.6M | $1.0M | 10x | as long as short |
| Nado TSLA-PERP | +0.0052% | 1h | 375.11 | +0.021% | $484K | $90K | 20x | as long as short |
| Pacifica TSLAlong | +0.0100% | 1h | 375.03 | long leg | $389K | $38K | 10x | |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 375.12 | +0.025% | $1.5M | $159K | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 375.10 | +0.020% | $4K | $62K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 375.10 | +0.020% | $41K | $20K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 375.25 | +0.060% | $743 | — | 10x | as long as short |
| GRVT TSLA_USDT_Perp | +0.0123% | 8h | 375.32 | +0.077% | $840K | $2.9M | 10x | as long as short |
| Coinbase International TSLA-PERP-INTX | +0.0128% | 1h | 375.11 | +0.022% | $529K | $332K | 10x | as long as short |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 376.36 | +0.356% | $78K | $36K | 30x | as long as short |
| Phoenix TSLA | +0.0277% | 1h | 375.52 | +0.132% | $1.3M | $522K | 20x | as long as short |
Variational Omni TSLA
StandX TSLA-USD
Deribit TSLA_USDC-PERPETUAL
Phemex TSLAUSDT
Aftermath Perps TSLAUSD
BloFin TSLA-USDT
Bullet TSLA-USD
QFEX TSLA-USD
Lighter RH TSLA
Arcus TSLA-USD
Vest TSLA-USD-PERP
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
SoDEX TSLA-USD
Ondo Perps TSLA-USD.P
Nado TSLA-PERP
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Orderly PERP_TSLA_USDC
Aevo TSLA-PERP
GRVT TSLA_USDT_Perp
Coinbase International TSLA-PERP-INTX
Injective TSLA/USDC PERP
Phoenix TSLA