After costs, if the gap returns to its 7d average, $10k−$29
spread now+0.008%7d average−0.021%fees + slippage, in and out−$32spread needed0.315%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix TSLA | 374.59 | 0.0342 | pay 0.0043% / 1h | 51m 44s | $1.1M | $182K | 20x |
| Short | Binance TSLAUSDT | 374.62 | 0 | get 0.0000% / 8h | 5h 51m | $47.1M | $100.0M | 25x |
Phoenix TSLA
Binance TSLAUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0.75
- Funding while held
- −$10.27
- Slippage, 4 orders
- −$14.52
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$41.04
- Spread needed to break even
- 0.315%
Slippage from Phoenix: live order book, 3 min ago; Binance: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0342%
- Per $10,000 a day
- −$10.27
- Average in range /8h
- —
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, 3 min ago | 2.94 bp | 10.3 bp −$10 | 21.1 bp −$211 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.13 bp | 5.6 bp −$6 | 8.3 bp −$83 | 24.9 bp −$2,494 | doesn't fit |
TSLA price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International373.56cheapestAftermath Perps374.02+0.124%Variational Omni374.15+0.158%Nado374.17+0.163%ApeX Omni374.23+0.179%Polymarket Perps374.29+0.195%Hotstuff374.32+0.203%BloFin374.35+0.211%Aster374.37+0.216%KuCoin374.37+0.217%Ondo Perps374.38+0.220%edgeX374.38+0.221%tradeXYZ374.41+0.228%StandX374.41+0.228%Vest374.43+0.233%Bitget374.48+0.246%SoDEX374.50+0.252%Phemex374.50+0.252%Deribit374.51+0.254%Arcus374.52+0.257%Aevo374.53+0.260%Bullet374.55+0.264%Pacifica374.55+0.265%QFEX374.56+0.268%Extended374.58+0.273%RISEx374.58+0.274%OKX374.59+0.276%Gate374.59+0.276%
Coinbase International
Variational Omni
Nado
ApeX Omni
Polymarket Perps
Hotstuff
BloFin
Aster
KuCoin
Ondo Perps
tradeXYZ
StandX
Vest
Bitget
SoDEX
Phemex
Deribit
Arcus
Aevo
Bullet
Pacifica
QFEX
Extended
RISEx
OKX
GatePhoenix374.59+0.276%
Binance374.62+0.283%
Orderly374.64+0.289%Lighter RH374.70+0.305%Lighter374.71+0.308%Bybit374.74+0.316%Injective375.13+0.420%
Orderly
Lighter RH
Lighter
Bybit
InjectiveTSLA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International TSLA-PERP-INTX | −0.275% | +0.0096% | 1h | $538K | $263K | 10x | as long as short |
| Aftermath Perps TSLAUSD | −0.151% | +0.0123% | 1h | $38K | $53K | 10x | as long as short |
| Variational Omni TSLA | −0.118% | 0.0000% | 8h | $1.6M | $1.1M | — | as long as short |
| Nado TSLA-PERP | −0.112% | +0.0013% | 1h | $484K | $87K | 20x | as long as short |
| ApeX Omni TSLAUSDT | −0.096% | +0.0100% | 1h | $995 | $59K | 50x | as long as short |
| Polymarket Perps TSLA-USD | −0.080% | +0.0050% | 1h | $296K | $282K | 10x | as long as short |
| Hotstuff TSLA-PERP | −0.072% | +0.0040% | 1h | $34K | — | 20x | as long as short |
| BloFin TSLA-USDT | −0.064% | +0.0120% | 8h | $589K | $293K | 20x | as long as short |
| Aster TSLAUSDT | −0.060% | 0.0000% | 8h | $593K | $177K | 50x | as long as short |
| KuCoin TSLAUSDTM | −0.059% | +0.0100% | 8h | $1.4M | $147K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps TSLA-USD.P | −0.056% | +0.0050% | 1h | $1.6M | $880K | 10x | as long as short |
| edgeX TSLAUSDC | −0.055% | −0.0854% | 4h | $395K | $962K | 10x | as long as short |
| tradeXYZ xyz:TSLA | −0.048% | +0.0050% | 1h | $43.5M | $13.6M | 20x | as long as short |
| StandX TSLA-USD | −0.048% | 0.0000% | 1h | $199K | $737K | 20x | as long as short |
| Vest TSLA-USD-PERP | −0.043% | +0.0046% | 1h | — | $133K | 25x | as long as short |
| Bitget TSLAUSDT | −0.029% | 0.0000% | 8h | $17.1M | $20.4M | 100x | as long as short |
| SoDEX TSLA-USD | −0.024% | +0.0050% | 1h | $4K | $3K | 10x | as long as short |
| Phemex TSLAUSDT | −0.024% | 0.0000% | 4h | $1.1M | $12K | 10x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | −0.021% | 0.0000% | 1h | $20K | $183K | 10x | as long as short |
| Arcus TSLA-USD | −0.019% | +0.0332% | 1h | $154K | $81K | 10x | as long as short |
| Aevo TSLA-PERP | −0.015% | +0.0104% | 1h | $742 | — | 10x | as long as short |
| Bullet TSLA-USD | −0.012% | 0.0000% | 1h | $5K | $90K | 10x | as long as short |
| Pacifica TSLA | −0.011% | +0.0100% | 1h | $388K | $27K | 10x | as long as short |
| QFEX TSLA-USD | −0.008% | +0.0034% | 1h | $1.2M | $6.1M | 10x | as long as short |
| Extended TSLA_24_5-USD | −0.003% | 0.0000% | 1h | $445K | $10.6M | 10x | as long as short |
| RISEx TSLA/USDC | −0.002% | 0.0000% | 1h | $137K | $405K | 20x | as long as short |
| OKX TSLA-USDT-SWAP | 0.000% | 0.0000% | 8h | $11.4M | $15.7M | 25x | as long as short |
| Gate TSLA_USDT | 0.000% | 0.0000% | 8h | $2.3M | $4.0M | 100x | as long as short |
| Phoenix TSLAlong | 0.000% | +0.0342% | 1h | $1.1M | $182K | 20x | |
| Binance TSLAUSDTshort | +0.008% | 0.0000% | 8h | $47.1M | $100.0M | 25x | |
| Orderly PERP_TSLA_USDC | +0.013% | +0.0100% | 8h | $40K | $18K | 20x | as long as short |
| Lighter RH TSLA | +0.029% | +0.0032% | 1h | $1.3M | $2.2M | 20x | as long as short |
| Lighter TSLA | +0.032% | +0.0144% | 1h | $1.1M | $3.8M | 20x | as long as short |
| Bybit TSLAUSDT | +0.040% | 0.0000% | 8h | $9.8M | $14.8M | 100x | as long as short |
| Injective TSLA/USDC PERP | +0.144% | +0.0220% | 1h | $78K | $65K | 30x | as long as short |