Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Phemex−0.048%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.048%, 7d avg −0.039%

Together, before fees+0.205%+ Points / potential airdropPacifica: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$3 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	377.48	0	get 0.0000% / 4h	2h 16m	$1.1M	$15K	10x
Short	Pacifica TSLA	377.30	0.0100	get 0.0013% / 1h	16m 12s	$391K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.048%Rate

Funding earned: $21
Price spread: −0.048% → −0.039%: −$0.83
Slippage, 4 orders: −$69.24
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$69.07
Costs to cover: 0.892%
Break-even: 30.0 days

Slippage from Phemex: live order book, 1 min ago; Pacifica: live order book, 52 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	2.25 bp	35.7 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 52 min ago	1.60 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit

TSLA on 35 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	−0.0067%	4h	377.42	−0.016%	$399K	$1.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.33	−0.040%	$513K	$328K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.44	−0.010%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.38	−0.026%	$481K	$9.3M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.45	−0.008%	$47.4M	$110.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.50	+0.005%	$10.3M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.40	−0.021%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.54	+0.016%	$290K	$599K	20x	as long as short
Variational Omni TSLA	0.0000%	8h	377.47	−0.004%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.41	−0.019%	$200K	$909K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	377.46	−0.005%	$5K	$92K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.36	−0.032%	$20K	$187K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	377.48	long leg	$1.1M	$15K	10x
GRVT TSLA_USDT_Perp	+0.0002%	8h	377.59	+0.029%	$846K	$2.8M	10x	as long as short
Bitget TSLAUSDT	+0.0004%	8h	377.41	−0.019%	$17.0M	$22.9M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0006%	1h	377.32	−0.042%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.36	−0.032%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.41	−0.019%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.48	0.000%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.31	−0.045%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.53	+0.013%	—	$130K	25x	as long as short
Gate TSLA_USDT	+0.0047%	8h	377.45	−0.008%	$2.3M	$3.8M	100x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.22	−0.069%	$44.4M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.28	−0.053%	$301K	$311K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.37	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.23	−0.066%	$1.5M	$1.1M	10x	as long as short
Hotstuff TSLA-PERP	+0.0096%	1h	377.23	−0.066%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0097%	1h	377.41	−0.018%	$491K	$112K	20x	as long as short
Pacifica TSLAshort	+0.0100%	1h	377.30	−0.048%	$391K	$37K	10x
KuCoin TSLAUSDTM	+0.0100%	8h	377.24	−0.064%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.43	−0.013%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.35	−0.034%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.26	−0.059%	$747	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.38	+0.238%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.62	+0.037%	$1.3M	$539K	20x	as long as short