Funding you earn now, next payment 06:00 UTC−0.0218%/8h= −23.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.067%
Price spread now: Pacifica against Phoenix−0.051%47s7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as 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−$430.430% of the position
Funding, last 7 days−0.438%−$44 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.051%, 7d avg −0.074%
=Together, before fees−0.498%+ Points / potential airdropPacifica: Active · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.024% dearer against Phoenix than usual: you sell high and buy low (spread −0.051% now, against its 7-day average of −0.074%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 47 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 | 375.78 | 0.0318 | pay 0.0040% / 1h | 29m 48s | $1.3M | $528K | 20x |
| Short | Pacifica TSLA | 375.59 | 0.0100 | get 0.0013% / 1h | 29m 48s | $389K | $36K | 10x |
Phoenix TSLA
Pacifica TSLAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$45.87
- Price spread: −0.051% → −0.074%
- $2.36
- Slippage, 4 orders
- −$28.04
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$86.56
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 3 min ago; Pacifica: live order book, 14 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 | 2.93 bp | 10.1 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 14 min ago | 2.80 bp | 16.0 bp −$16 | doesn't fit | 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 | −0.0869% | 4h | 375.64 | −0.038% | $397K | $1.0M | 10x | as long as short |
| BloFin TSLA-USDT | −0.0023% | 8h | 375.72 | −0.016% | $578K | $355K | 20x | as long as short |
| Aster TSLAUSDT | 0.0000% | 8h | 375.90 | +0.031% | $574K | $199K | 50x | as long as short |
| Extended TSLA_24_5-USD | 0.0000% | 1h | 375.77 | −0.003% | $481K | $2.7M | 10x | as long as short |
| Binance TSLAUSDT | 0.0000% | 8h | 375.90 | +0.032% | $47.1M | $113.4M | 25x | as long as short |
| Bybit TSLAUSDT | 0.0000% | 8h | 375.65 | −0.035% | $10.2M | $15.4M | 100x | as long as short |
| OKX TSLA-USDT-SWAP | 0.0000% | 8h | 375.80 | +0.005% | $11.2M | $16.9M | 25x | as long as short |
| Gate TSLA_USDT | 0.0000% | 8h | 375.81 | +0.008% | $2.3M | $3.5M | 100x | as long as short |
| Bitget TSLAUSDT | 0.0000% | 8h | 375.76 | −0.005% | $17.1M | $22.9M | 100x | as long as short |
| Variational Omni TSLA | 0.0000% | 8h | 375.67 | −0.029% | $1.9M | $1.3M | — | as long as short |
edgeX TSLAUSDC
BloFin TSLA-USDT
Aster TSLAUSDT
Extended TSLA_24_5-USD
Binance TSLAUSDT
Bybit TSLAUSDT
OKX TSLA-USDT-SWAP
Gate TSLA_USDT
Bitget TSLAUSDT
Variational Omni TSLAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX TSLA-USD | 0.0000% | 1h | 375.68 | −0.027% | $199K | $919K | 20x | as long as short |
| Phemex TSLAUSDT | 0.0000% | 4h | 375.78 | 0.000% | $1.1M | $14K | 10x | as long as short |
| Aftermath Perps TSLAUSD | +0.0026% | 1h | 375.62 | −0.043% | $38K | $38K | 10x | as long as short |
| Lighter RH TSLA | +0.0032% | 1h | 375.69 | −0.024% | $1.3M | $2.5M | 20x | as long as short |
| Arcus TSLA-USD | +0.0040% | 1h | 375.49 | −0.077% | $134K | $108K | 10x | as long as short |
| Vest TSLA-USD-PERP | +0.0046% | 1h | 375.61 | −0.045% | — | $119K | 25x | as long as short |
| Hotstuff TSLA-PERP | +0.0048% | 1h | 375.39 | −0.104% | $34K | — | 20x | as long as short |
| tradeXYZ xyz:TSLA | +0.0050% | 1h | 375.48 | −0.080% | $44.5M | $14.8M | 20x | as long as short |
| Polymarket Perps TSLA-USD | +0.0050% | 1h | 375.64 | −0.037% | $300K | $304K | 10x | as long as short |
| SoDEX TSLA-USD | +0.0050% | 1h | 375.74 | −0.011% | $4K | $3K | 10x | as long as short |
| Ondo Perps TSLA-USD.P | +0.0050% | 1h | 375.36 | −0.112% | $1.6M | $1.1M | 10x | as long as short |
| QFEX TSLA-USD | +0.0052% | 1h | 375.74 | −0.011% | $1.2M | $6.2M | 10x | as long as short |
| Pacifica TSLAshort | +0.0100% | 1h | 375.59 | −0.051% | $389K | $36K | 10x | |
| KuCoin TSLAUSDTM | +0.0100% | 8h | 375.55 | −0.061% | $1.4M | $107K | 20x | as long as short |
| ApeX Omni TSLAUSDT | +0.0100% | 1h | 375.38 | −0.106% | $4K | $61K | 50x | as long as short |
| Orderly PERP_TSLA_USDC | +0.0100% | 8h | 375.64 | −0.037% | $41K | $23K | 20x | as long as short |
| Aevo TSLA-PERP | +0.0104% | 1h | 375.73 | −0.013% | $744 | — | 10x | as long as short |
| Coinbase International TSLA-PERP-INTX | +0.0136% | 1h | 376.33 | +0.146% | $506K | $349K | 10x | as long as short |
| RISEx TSLA/USDC | +0.0138% | 1h | 375.80 | +0.005% | $214K | $643K | 20x | as long as short |
| Lighter TSLA | +0.0160% | 1h | 375.72 | −0.016% | $819K | $3.7M | 20x | as long as short |
| GRVT TSLA_USDT_Perp | +0.0204% | 8h | 375.75 | −0.007% | $845K | $2.8M | 10x | as long as short |
| Injective TSLA/USDC PERP | +0.0220% | 1h | 379.41 | +0.966% | $79K | $36K | 30x | as long as short |
| Bullet TSLA-USD | +0.0232% | 1h | 375.81 | +0.008% | $5K | $91K | 10x | as long as short |
| Nado TSLA-PERP | +0.0291% | 1h | 375.42 | −0.096% | $488K | $111K | 20x | as long as short |
| Phoenix TSLAlong | +0.0318% | 1h | 375.78 | long leg | $1.3M | $528K | 20x | |
| Deribit TSLA_USDC-PERPETUAL | +0.0469% | 1h | 375.68 | −0.027% | $18K | $194K | 10x | as long as short |
StandX TSLA-USD
Phemex TSLAUSDT
Aftermath Perps TSLAUSD
Lighter RH TSLA
Arcus TSLA-USD
Vest TSLA-USD-PERP
Hotstuff TSLA-PERP
tradeXYZ xyz:TSLA
Polymarket Perps TSLA-USD
SoDEX TSLA-USD
Ondo Perps TSLA-USD.P
QFEX TSLA-USD
KuCoin TSLAUSDTM
ApeX Omni TSLAUSDT
Orderly PERP_TSLA_USDC
Aevo TSLA-PERP
Coinbase International TSLA-PERP-INTX
RISEx TSLA/USDC
Lighter TSLA
GRVT TSLA_USDT_Perp
Injective TSLA/USDC PERP
Bullet TSLA-USD
Nado TSLA-PERP
Deribit TSLA_USDC-PERPETUAL