Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.054%

Price spread now: Arcus against Phemex−0.067%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$860.856% of the position

Long on Phemex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.067%, 7d avg −0.071%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	375.86	0	get 0.0000% / 4h	1h 25m	$1.1M	$14K	10x
Short	Arcus TSLA-USD	375.61	0.0040	get 0.0005% / 1h	25m 26s	$135K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phemex. 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 PhemexbpFee ArcusbpOrdersPrice spread, now −0.067%Rate

Funding earned: $8.46
Price spread: −0.067% → −0.071%: $0.42
Slippage, 4 orders: −$69.15
Fee Phemex: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$76.77
Costs to cover: 0.856%
Break-even: 70.5 days

Slippage from Phemex: live order book, 2 min ago; Arcus: live order book, 18 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 Phemex live order book, 2 min ago	0.80 bp	34.0 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 18 min ago	3.59 bp	9.5 bp −$9	12.2 bp −$122	doesn't fit	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	−0.0734%	4h	375.81	−0.012%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.89	+0.009%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.72	−0.037%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.81	−0.013%	$47.1M	$113.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.79	−0.019%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.74	−0.032%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.84	−0.005%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.70	−0.043%	$17.1M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.83	−0.008%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.82	−0.011%	$199K	$919K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDTlong	0.0000%	4h	375.86	long leg	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0027%	1h	375.72	−0.037%	$38K	$38K	10x	as long as short
BloFin TSLA-USDT	+0.0028%	8h	375.86	0.000%	$578K	$356K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.69	−0.045%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USDshort	+0.0040%	1h	375.61	−0.067%	$135K	$108K	10x
Vest TSLA-USD-PERP	+0.0046%	1h	375.68	−0.048%	—	$119K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	375.49	−0.098%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.50	−0.096%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.69	−0.045%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.70	−0.043%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.36	−0.133%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.79	−0.019%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.66	−0.053%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.55	−0.082%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.51	−0.093%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.62	−0.064%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.75	−0.030%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.045%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.87	+0.002%	$214K	$640K	20x	as long as short
Lighter TSLA	+0.0176%	1h	375.74	−0.032%	$820K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0213%	8h	375.89	+0.008%	$843K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.41	+0.945%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0241%	1h	375.84	−0.005%	$5K	$91K	10x	as long as short
Nado TSLA-PERP	+0.0296%	1h	375.51	−0.093%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.96	+0.027%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0709%	1h	375.79	−0.019%	$18K	$194K	10x	as long as short