Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against Pacifica+0.048%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.048%, 7d avg +0.039%

Together, before fees−0.205%+ Points / potential airdropPacifica: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TSLA	377.34	0.0100	pay 0.0013% / 1h	17m 56s	$391K	$37K	10x
Short	Phemex TSLAUSDT	377.52	0	get 0.0000% / 4h	2h 17m	$1.1M	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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 PacificabpFee PhemexbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$21
Price spread: +0.048% → +0.039%: $0.83
Slippage, 4 orders: −$62.78
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$102.95
Costs to cover: 0.828%
Break-even: never at this rate

Slippage from Pacifica: live order book, 50 min ago; Phemex: live order book, 5 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, 50 min ago	1.60 bp	5.6 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	0.53 bp	34.8 bp −$35	doesn't fit	doesn't fit	doesn't fit

TSLA on 35 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	−0.0927%	4h	377.46	+0.031%	$399K	$1.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.33	−0.003%	$513K	$328K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.45	+0.029%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.43	+0.023%	$481K	$9.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.53	+0.051%	$47.4M	$110.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.57	+0.061%	$10.3M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.53	+0.050%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.53	+0.051%	$290K	$599K	20x	as long as short
Variational Omni TSLA	0.0000%	8h	377.47	+0.033%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.47	+0.034%	$200K	$909K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	377.50	+0.041%	$5K	$92K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.38	+0.011%	$20K	$187K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	377.52	+0.048%	$1.1M	$15K	10x
Bitget TSLAUSDT	+0.0002%	8h	377.45	+0.029%	$17.0M	$22.9M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0007%	1h	377.21	−0.036%	$38K	$45K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0022%	8h	377.60	+0.069%	$853K	$2.8M	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.40	+0.016%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.51	+0.045%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.53	+0.050%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.31	−0.008%	$163K	$93K	10x	as long as short
Gate TSLA_USDT	+0.0044%	8h	377.53	+0.050%	$2.3M	$3.8M	100x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.54	+0.053%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.28	−0.016%	$44.4M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.30	−0.011%	$301K	$311K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.46	+0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.15	−0.050%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0099%	1h	377.41	+0.019%	$491K	$112K	20x	as long as short
Pacifica TSLAlong	+0.0100%	1h	377.34	long leg	$391K	$37K	10x
KuCoin TSLAUSDTM	+0.0100%	8h	377.20	−0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.46	+0.032%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.47	+0.034%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.40	+0.016%	$747	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0136%	1h	377.25	−0.024%	$34K	—	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.38	+0.276%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.54	+0.053%	$1.3M	$539K	20x	as long as short