TSLA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0278%/8h= −30.5% APRnext payment −$0.35 per $10,000 · paid last 24h −0.043%

Price spread now: Arcus against Phoenix−0.056%49s7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.422% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.056%, 7d avg −0.104%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.048% dearer against Phoenix than usual: you sell high and buy low (spread −0.056% now, against its 7-day average of −0.104%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 4 days (−0.081% in total) that is about 2.2 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.081% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TSLA	375.85	0.0318	pay 0.0040% / 1h	16m 13s	$1.3M	$528K	20x
Short	Arcus TSLA-USD	375.64	0.0040	get 0.0005% / 1h	16m 13s	$135K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phoenix. 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 PhoenixbpFee ArcusbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$58.41
Price spread: −0.056% → −0.104%: $4.79
Slippage, 4 orders: −$30.73
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$95.85
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Phoenix: live order book, 2 min ago; Arcus: 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 Phoenix live order book, 2 min ago	3.19 bp	10.7 bp −$11	22.1 bp −$221	doesn't fit	doesn't fit
Sell Arcus live order book, 27 min ago	3.59 bp	9.5 bp −$9	12.2 bp −$122	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	−0.0210%	4h	375.78	−0.020%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0020%	8h	375.95	+0.027%	$576K	$356K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.03	+0.047%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.94	+0.024%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.89	+0.011%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.93	+0.021%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.82	−0.008%	$17.2M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.77	−0.021%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.95	+0.027%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.90	+0.013%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TSLAUSDT	+0.0007%	8h	375.94	+0.024%	$47.1M	$113.4M	25x	as long as short
Extended TSLA_24_5-USD	+0.0008%	1h	375.83	−0.005%	$481K	$2.7M	10x	as long as short
Aftermath Perps TSLAUSD	+0.0028%	1h	375.64	−0.057%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.83	−0.005%	$1.3M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.63	−0.059%	$34K	—	20x	as long as short
Arcus TSLA-USDshort	+0.0040%	1h	375.64	−0.056%	$135K	$108K	10x
Vest TSLA-USD-PERP	+0.0046%	1h	375.78	−0.019%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.64	−0.056%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.76	−0.024%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.81	−0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.47	−0.101%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.92	+0.019%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.57	−0.074%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.67	−0.048%	$1.5M	$113K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.49	−0.096%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.61	−0.064%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.85	0.000%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.043%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.95	+0.027%	$214K	$640K	20x	as long as short
Lighter TSLA	+0.0184%	1h	375.87	+0.005%	$820K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.66	+1.014%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0226%	8h	375.91	+0.015%	$846K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0258%	1h	375.95	+0.027%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0294%	1h	375.62	−0.062%	$488K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0309%	1h	375.78	−0.019%	$18K	$194K	10x	as long as short
Phoenix TSLAlong	+0.0318%	1h	375.85	long leg	$1.3M	$528K	20x