Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h +0.027%

Price spread now: Coinbase International against Phemex+0.069%7-day average −0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.069%, 7d avg −0.099%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.168% dearer against Phemex than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.46	0	get 0.0000% / 4h	2m 23s	$1.1M	$14K	10x
Short	Coinbase International TSLA-PERP-INTX	376.72	0.0176	get 0.0022% / 1h	2m 23s	$509K	$357K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.069%Rate

Funding earned: $36.96
Price spread: +0.069% → −0.099%: $16.78
Slippage, 4 orders: −$50.83
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.1
Costs to cover: 0.728%
Break-even: 10.6 days

Slippage from Phemex: live order book, just now; Coinbase International: live order book, 36 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, just now	0.66 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 36 min ago	2.79 bp	7.8 bp −$8	10.6 bp −$106	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	−0.0779%	4h	376.38	−0.022%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.50	+0.011%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.46	0.000%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.40	−0.016%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.52	+0.016%	$17.4M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	−0.016%	$200K	$917K	20x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	376.46	long leg	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0023%	8h	376.52	+0.015%	$575K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.36	−0.027%	$38K	$36K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.44	−0.005%	$1.2M	$2.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	376.29	−0.045%	$135K	$108K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0042%	1h	376.40	−0.016%	$18K	$196K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.52	+0.016%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.27	−0.050%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.30	−0.043%	$301K	$303K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.43	−0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.17	−0.077%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0059%	8h	376.24	−0.057%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.43	−0.008%	$1.3M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0085%	8h	376.55	+0.024%	$582K	$356K	20x	as long as short
Binance TSLAUSDT	+0.0088%	8h	376.42	−0.011%	$47.1M	$114.8M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.42	−0.011%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.30	−0.041%	$390K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.24	−0.058%	$1.5M	$1.9M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.12	−0.090%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.18	−0.074%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.41	−0.013%	$745	—	10x	as long as short
Lighter TSLA	+0.0128%	1h	376.43	−0.008%	$817K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0176%	1h	376.72	+0.069%	$509K	$357K	10x
Hotstuff TSLA-PERP	+0.0184%	1h	376.31	−0.040%	$34K	—	20x	as long as short
Bullet TSLA-USD	+0.0220%	1h	376.53	+0.019%	$6K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.887%	$79K	$36K	30x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.53	+0.020%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0277%	1h	376.24	−0.058%	$498K	$116K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0293%	8h	376.52	+0.016%	$849K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.56	+0.027%	$1.3M	$525K	20x	as long as short