Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Phemex−0.027%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.027%, 7d avg −0.048%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.022% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	376.61	0	get 0.0000% / 4h	9m 48s	$1.1M	$14K	10x
Short	Polymarket Perps TSLA-USD	376.51	0.0050	get 0.0006% / 1h	9m 48s	$301K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.027%Rate

Funding earned: $10.5
Price spread: −0.027% → −0.048%: $2.15
Slippage, 4 orders: −$53.63
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$60.98
Costs to cover: 0.736%
Break-even: 47.7 days

Slippage from Phemex: live order book, 3 min ago; Polymarket Perps: live order book, 27 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, 3 min ago	1.33 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 27 min ago	1.86 bp	6.1 bp −$6	6.1 bp −$61	7.2 bp −$724	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	−0.0276%	4h	377.20	+0.157%	$399K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.63	+0.005%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.63	+0.005%	$11.3M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.66	+0.013%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.55	−0.016%	$17.4M	$23.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.44	−0.045%	$200K	$918K	20x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	376.61	long leg	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0021%	8h	376.78	+0.046%	$575K	$200K	50x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.53	−0.021%	$1.2M	$2.6M	20x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.59	−0.005%	$38K	$36K	10x	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	376.70	+0.024%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.54	−0.019%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.36	−0.066%	$44.7M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USDshort	+0.0050%	1h	376.51	−0.027%	$301K	$303K	10x
SoDEX TSLA-USD	+0.0050%	1h	376.52	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.29	−0.085%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0057%	8h	376.66	+0.013%	$1.8M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.55	−0.016%	$1.2M	$6.2M	10x	as long as short
BloFin TSLA-USDT	+0.0072%	8h	376.68	+0.019%	$579K	$356K	20x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	376.36	−0.066%	$34K	—	20x	as long as short
Binance TSLAUSDT	+0.0086%	8h	376.62	+0.003%	$47.1M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0088%	1h	376.54	−0.019%	$483K	$2.7M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.35	−0.070%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.41	−0.053%	$1.5M	$1.8M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.73	+0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.32	−0.077%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.60	−0.003%	$746	—	10x	as long as short
Lighter TSLA	+0.0144%	1h	376.54	−0.019%	$821K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	376.72	+0.029%	$509K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.847%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0238%	1h	376.62	+0.003%	$6K	$92K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.68	+0.018%	$215K	$655K	20x	as long as short
Nado TSLA-PERP	+0.0281%	1h	376.33	−0.074%	$498K	$116K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0281%	1h	376.50	−0.029%	$18K	$195K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0292%	8h	377.06	+0.121%	$850K	$2.8M	10x	as long as short
Phoenix TSLA	+0.0404%	1h	376.98	+0.098%	$1.3M	$525K	20x	as long as short