Funding you earn now, next payment 10:00 UTC−0.0260%/8h= −28.4% APRpaid last 24h −0.066%
Price spread now: KuCoin against Phoenix−0.050%108s7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$880.882% of the position
Funding, last 7 days−0.479%−$48 on $10k
+Price spread, last 7 days−0.114%−$11 · spread now −0.050%, 7d avg −0.076%
=The price spread pays, funding is against you. KuCoin is 0.026% dearer against Phoenix than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.076%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix TSLA | 378.38 | 0.0360 | pay 0.0045% / 1h | 53m 41s | $1.3M | $520K | 20x |
| Short | KuCoin TSLAUSDTM | 378.19 | 0.0100 | get 0.0100% / 8h | 4h 53m | $1.4M | $4.5M | 20x |
Phoenix TSLA
KuCoin TSLAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$54.52
- Price spread: −0.050% → −0.076%
- $2.59
- Slippage, 4 orders
- −$69.21
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$140.13
- Costs to cover
- 0.882%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 3 min ago; KuCoin: live order book, 2 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, 3 min ago | 3.17 bp | 10.4 bp −$10 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.77 bp | 29.7 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
TSLA on 36 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff TSLA-PERP | −0.1600% | 1h | 378.45 | +0.018% | $34K | — | 20x | as long as short |
| Injective TSLA/USDC PERP | −0.0220% | 1h | 377.60 | −0.206% | $73K | $42K | 30x | as long as short |
| edgeX TSLAUSDC | −0.0178% | 4h | 378.75 | +0.099% | $401K | $1.1M | 10x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 378.44 | +0.016% | $10.2M | $14.3M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 378.43 | +0.013% | $11.4M | $15.7M | 25x | as long as short |
| Gate TSLA_USDT | 0.0000% | 8h | 378.51 | +0.034% | $2.3M | $3.1M | 100x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 378.42 | +0.011% | $17.5M | $24.6M | 100x | as long as short |
| StandX TSLA-USD | 0.0000% | 1h | 378.58 | +0.053% | $201K | $997K | 20x | as long as short |
| Deribit TSLA_USDC-PERPETUAL | 0.0000% | 1h | 378.55 | +0.045% | $18K | $188K | 10x | as long as short |
| Phemex TSLAUSDT | 0.0000% | 4h | 378.71 | +0.087% | $1.1M | $15K | 10x | as long as short |
Hotstuff TSLA-PERP
Injective TSLA/USDC PERP
edgeX TSLAUSDC
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
Gate TSLA_USDT
Bitget TSLAUSDT
StandX TSLA-USD
Deribit TSLA_USDC-PERPETUAL
Phemex TSLAUSDTShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps TSLAUSD | +0.0023% | 1h | 378.31 | −0.019% | $38K | $37K | 10x | as long as short |
| Lighter RH TSLA | +0.0032% | 1h | 378.38 | 0.000% | $1.2M | $2.3M | 20x | as long as short |
| Lighter TSLA | +0.0040% | 1h | 378.36 | −0.005% | $813K | $3.0M | 20x | as long as short |
| Arcus TSLA-USD | +0.0040% | 1h | 378.24 | −0.037% | $133K | $85K | 10x | as long as short |
| QFEX TSLA-USD | +0.0042% | 1h | 378.27 | −0.029% | $1.2M | $6.3M | 10x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 378.65 | +0.071% | — | $126K | 25x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 378.19 | −0.050% | $44.9M | $15.0M | 20x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 378.48 | +0.026% | $301K | $139K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 378.28 | −0.026% | $1.6M | $1.2M | 10x | as long as short |
| SoDEX TSLA-USD | +0.0054% | 1h | 378.65 | +0.071% | $4K | $3K | 10x | as long as short |
| RISEx TSLA/USDC | +0.0074% | 1h | 378.52 | +0.038% | $229K | $631K | 20x | as long as short |
| Pacifica TSLA | +0.0100% | 1h | 378.22 | −0.042% | $392K | $36K | 10x | as long as short |
| KuCoin TSLAUSDTMshort | +0.0100% | 8h | 378.19 | −0.050% | $1.4M | $4.5M | 20x | |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 378.14 | −0.063% | $4K | $62K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 378.46 | +0.021% | $41K | $23K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 378.72 | +0.089% | $750 | — | 10x | as long as short |
| Coinbase International TSLA-PERP-INTX | +0.0112% | 1h | 378.12 | −0.069% | $520K | $384K | 10x | as long as short |
| Aster TSLAUSDT | +0.0119% | 8h | 378.57 | +0.050% | $577K | $200K | 50x | as long as short |
| Bullet TSLA-USD | +0.0123% | 1h | 378.76 | +0.100% | $6K | $94K | 10x | as long as short |
| Variational Omni TSLA | +0.0145% | 8h | 378.46 | +0.022% | $1.7M | $1.5M | — | as long as short |
| BloFin TSLA-USDT | +0.0154% | 8h | 378.79 | +0.108% | $594K | $378K | 20x | as long as short |
| Binance TSLAUSDT | +0.0173% | 8h | 378.50 | +0.032% | $47.6M | $115.4M | 25x | as long as short |
| Extended TSLA_24_5-USD | +0.0176% | 1h | 378.31 | −0.018% | $483K | $2.7M | 10x | as long as short |
| Nado TSLA-PERP | +0.0200% | 1h | 378.52 | +0.036% | $502K | $99K | 20x | as long as short |
| Phoenix TSLAlong | +0.0360% | 1h | 378.38 | long leg | $1.3M | $520K | 20x | |
| GRVT TSLA_USDT_Perp | +0.0388% | 8h | 378.42 | +0.011% | $852K | $2.9M | 10x | as long as short |
Aftermath Perps TSLAUSD
Lighter RH TSLA
Lighter TSLA
Arcus TSLA-USD
QFEX TSLA-USD
Vest TSLA-USD-PERP
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
Ondo Perps TSLA-USD.P
SoDEX TSLA-USD
RISEx TSLA/USDC
Pacifica TSLA
ApeX Omni TSLAUSDT
Orderly PERP_TSLA_USDC
Aevo TSLA-PERP
Coinbase International TSLA-PERP-INTX
Aster TSLAUSDT
Bullet TSLA-USD
Variational Omni TSLA
BloFin TSLA-USDT
Binance TSLAUSDT
Extended TSLA_24_5-USD
Nado TSLA-PERP
GRVT TSLA_USDT_Perp