Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Phemex−0.011%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$820.820% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.011%, 7d avg +0.012%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.023% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.24	0	get 0.0000% / 4h	3h 52m	$1.1M	$13K	10x
Short	Bitget TSLAUSDT	376.20	0	get 0.0000% / 8h	7h 52m	$16.8M	$22.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → +0.012%: −$2.28
Slippage, 4 orders: −$57.97
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.25
Costs to cover: 0.820%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Bitget: 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, 1 min ago	2.53 bp	31.2 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.40 bp	9.4 bp −$9	12.8 bp −$128	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	−0.0837%	4h	375.99	−0.066%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0001%	8h	376.27	+0.008%	$568K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.18	−0.017%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.23	−0.002%	$477K	$10.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.30	+0.016%	$47.0M	$109.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.35	+0.029%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.28	+0.011%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.31	+0.019%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDTshort	0.0000%	8h	376.20	−0.011%	$16.8M	$22.5M	100x
Variational Omni TSLA	0.0000%	8h	376.11	−0.033%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSLA_USDT_Perp	0.0000%	8h	376.11	−0.036%	$849K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	376.28	+0.011%	$200K	$894K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.15	−0.024%	$20K	$186K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	376.24	long leg	$1.1M	$13K	10x
Aftermath Perps TSLAUSD	+0.0009%	1h	375.87	−0.099%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.13	−0.029%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.24	0.000%	$654K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.30	+0.016%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.97	−0.072%	$165K	$91K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.25	+0.003%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.300%	$529K	$318K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.88	−0.096%	$1.6M	$1.0M	10x	as long as short
SoDEX TSLA-USD	+0.0067%	1h	376.21	−0.008%	$4K	$3K	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.31	+0.018%	$291K	$597K	20x	as long as short
Polymarket Perps TSLA-USD	+0.0090%	1h	376.09	−0.040%	$298K	$308K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.96	−0.076%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.17	−0.019%	$1.5M	$158K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.67	−0.151%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.29	+0.013%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.17	−0.019%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0127%	1h	376.08	−0.042%	$491K	$111K	20x	as long as short
tradeXYZ xyz:TSLA	+0.0214%	1h	376.15	−0.024%	$44.3M	$14.3M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.75	+0.136%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	376.06	−0.048%	$1.3M	$547K	20x	as long as short
Bullet TSLA-USD	+0.0418%	1h	376.31	+0.019%	$5K	$91K	10x	as long as short
Hotstuff TSLA-PERP	+0.0528%	1h	376.00	−0.064%	$34K	—	20x	as long as short