Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h +0.059%

Price spread now: Gate against Phemex−0.021%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$960.964% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.021%, 7d avg +0.020%

Together, before fees+0.275%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.042% cheaper against Phemex than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.020%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	377.29	0	get 0.0000% / 4h	1h 27m	$1.1M	$15K	10x
Short	Gate TSLA_USDT	377.21	0.0109	get 0.0109% / 8h	5h 27m	$2.3M	$3.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.021%Rate

Funding earned: $22.89
Price spread: −0.021% → +0.020%: −$4.16
Slippage, 4 orders: −$69.43
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$77.71
Costs to cover: 0.964%
Break-even: 30.8 days

Slippage from Phemex: live order book, just now; Gate: live order book, 6 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	2.78 bp	36.9 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	1.33 bp	11.5 bp −$12	23.9 bp −$239	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	−0.0830%	4h	377.36	+0.017%	$399K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0024%	8h	377.37	+0.021%	$577K	$340K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.27	−0.006%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.12	−0.045%	$480K	$7.0M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.30	+0.002%	$47.4M	$110.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.36	+0.019%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.25	−0.011%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.25	−0.010%	$290K	$599K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.23	−0.016%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.22	−0.019%	$1.9M	$1.4M	—	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	377.39	+0.027%	$846K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	377.38	+0.024%	$200K	$910K	20x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.12	−0.045%	$513K	$330K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.29	long leg	$1.1M	$15K	10x
Aftermath Perps TSLAUSD	+0.0012%	1h	377.11	−0.047%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.18	−0.029%	$1.2M	$6.6M	10x	as long as short
Hotstuff TSLA-PERP	+0.0024%	1h	376.91	−0.101%	$34K	—	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.18	−0.029%	$1.2M	$2.6M	20x	as long as short
Lighter TSLA	+0.0040%	1h	377.22	−0.019%	$819K	$3.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.09	−0.053%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.27	−0.005%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.02	−0.072%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.16	−0.034%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.17	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.17	−0.032%	$1.5M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0067%	1h	377.34	+0.013%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.12	−0.045%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.17	−0.032%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.13	−0.042%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.03	−0.069%	$41K	$22K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.17	−0.032%	$747	—	10x	as long as short
Gate TSLA_USDTshort	+0.0109%	8h	377.21	−0.021%	$2.3M	$3.7M	100x
Nado TSLA-PERP	+0.0145%	1h	377.08	−0.057%	$490K	$112K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0174%	1h	377.09	−0.053%	$20K	$188K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.09	+0.212%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.24	−0.013%	$1.3M	$539K	20x	as long as short