Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Binance against Phemex+0.016%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$780.780% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.016%, 7d avg +0.002%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	375.80	0	get 0.0000% / 4h	2h 25m	$1.1M	$14K	10x
Short	Binance TSLAUSDT	375.86	0	get 0.0000% / 8h	2h 25m	$47.0M	$112.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.002%: $1.38
Slippage, 4 orders: −$56
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.62
Costs to cover: 0.780%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Binance: 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 Phemex live order book, 2 min ago	1.73 bp	38.3 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.13 bp	5.2 bp −$5	8.2 bp −$82	23.6 bp −$2,360	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	−0.0616%	4h	375.72	−0.020%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0003%	8h	375.76	−0.011%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.88	+0.021%	$575K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.72	−0.020%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	375.86	+0.016%	$47.0M	$112.8M	25x
Bybit TSLAUSDT	0.0000%	8h	375.76	−0.011%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.78	−0.005%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.75	−0.013%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.75	−0.013%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.75	−0.013%	$199K	$917K	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	375.80	long leg	$1.1M	$14K	10x
Gate TSLA_USDT	+0.0006%	8h	375.79	−0.003%	$2.3M	$3.5M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	375.54	−0.069%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.72	−0.021%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.48	−0.085%	$134K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.72	−0.021%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.50	−0.080%	$44.4M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.64	−0.043%	$300K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.72	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.39	−0.109%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.69	−0.029%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	375.84	+0.011%	$217K	$618K	20x	as long as short
Hotstuff TSLA-PERP	+0.0088%	1h	375.48	−0.085%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.65	−0.040%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.63	−0.045%	$1.5M	$108K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.53	−0.072%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.76	−0.011%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.72	−0.022%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	+0.088%	$511K	$337K	10x	as long as short
Lighter TSLA	+0.0120%	1h	375.74	−0.016%	$829K	$3.7M	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0149%	1h	375.68	−0.032%	$18K	$193K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0161%	8h	375.74	−0.016%	$852K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0166%	1h	375.79	−0.002%	$4K	$89K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.71	+1.040%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0251%	1h	375.60	−0.055%	$487K	$113K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	375.88	+0.021%	$1.3M	$528K	20x	as long as short