Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against Phemex−0.157%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$900.900% of the position

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.157%, 7d avg −0.063%

Together, before fees+0.246%+ Points / potential airdroptradeXYZ: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.094% cheaper against Phemex than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.063%). If the spread goes back, that is −$9 on $10k: about 6.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TSLAUSDT	375.53	0	get 0.0000% / 4h	3h 33m	$1.1M	$14K	10x
Short	tradeXYZ xyz:TSLA	374.94	0.0050	get 0.0006% / 1h	33m 54s	$44.5M	$14.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.157%Rate

Funding earned: $10.5
Price spread: −0.157% → −0.063%: −$9.39
Slippage, 4 orders: −$60.05
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$88.94
Costs to cover: 0.900%
Break-even: 66.3 days

Slippage from Phemex: live order book, 4 min ago; tradeXYZ: live order book, 4 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, 4 min ago	2.13 bp	38.5 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.40 bp	10.1 bp −$10	12.0 bp −$120	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	−0.0761%	4h	375.83	+0.080%	$397K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.29	−0.064%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.20	−0.088%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.29	−0.064%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.11	−0.112%	$17.3M	$23.0M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	375.43	−0.027%	$199K	$934K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.54	+0.003%	$18K	$191K	10x	as long as short
Phemex TSLAUSDTlong	0.0000%	4h	375.53	long leg	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0007%	8h	375.46	−0.018%	$573K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0030%	1h	375.52	−0.004%	$38K	$35K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSLA	+0.0032%	1h	375.52	−0.003%	$804K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.56	+0.008%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.21	−0.085%	$134K	$107K	10x	as long as short
Variational Omni TSLA	+0.0042%	8h	375.42	−0.028%	$1.8M	$1.3M	—	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.42	−0.029%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	375.40	−0.035%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLAshort	+0.0050%	1h	374.94	−0.157%	$44.5M	$14.7M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	375.15	−0.101%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.41	−0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.45	−0.021%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0063%	1h	375.40	−0.035%	$5K	$92K	10x	as long as short
Extended TSLA_24_5-USD	+0.0064%	1h	375.30	−0.061%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0066%	8h	375.30	−0.062%	$47.0M	$114.8M	25x	as long as short
BloFin TSLA-USDT	+0.0091%	8h	375.48	−0.013%	$580K	$358K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0099%	8h	375.91	+0.100%	$850K	$2.9M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.18	−0.093%	$388K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.32	−0.056%	$1.5M	$2.3M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.45	−0.021%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.46	−0.019%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.49	−0.011%	$743	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0120%	1h	375.34	−0.051%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0159%	1h	375.65	+0.031%	$497K	$116K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.48	−0.013%	$506K	$355K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.094%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.42	−0.029%	$214K	$654K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	375.66	+0.035%	$1.3M	$507K	20x	as long as short