Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%

Price spread now: OKX against Polymarket Perps+0.106%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.106%, 7d avg +0.085%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.021% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.085%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TSLA-USD	376.05	0.0050	pay 0.0006% / 1h	46m 05s	$300K	$304K	10x
Short	OKX TSLA-USDT-SWAP	376.45	0	get 0.0000% / 8h	46m 05s	$11.2M	$16.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Polymarket Perps. 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 Polymarket PerpsbpFee OKXbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$10.5
Price spread: +0.106% → +0.085%: $2.14
Slippage, 4 orders: −$9.87
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.22
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 56 min ago; OKX: 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 Polymarket Perps live order book, 56 min ago	2.00 bp	6.0 bp −$6	7.1 bp −$71	7.9 bp −$788	doesn't fit
Sell OKX live order book, 2 min ago	0.13 bp	7.0 bp −$7	9.6 bp −$96	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	−0.0251%	4h	375.99	−0.016%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0016%	1h	375.99	−0.016%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.07	+0.006%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.44	+0.104%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAPshort	0.0000%	8h	376.45	+0.106%	$11.2M	$16.9M	25x
Gate TSLA_USDT	0.0000%	8h	376.22	+0.045%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.22	+0.045%	$17.2M	$22.8M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.38	+0.088%	$200K	$921K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.28	+0.061%	$1.1M	$14K	10x	as long as short
Variational Omni TSLA	+0.0003%	8h	375.97	−0.021%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TSLA-USDT	+0.0016%	8h	376.37	+0.085%	$579K	$355K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0031%	1h	375.99	−0.016%	$38K	$37K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.15	+0.027%	$1.3M	$2.5M	20x	as long as short
Extended TSLA_24_5-USD	+0.0040%	1h	376.16	+0.028%	$480K	$2.7M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.00	−0.013%	$135K	$108K	10x	as long as short
Binance TSLAUSDT	+0.0043%	8h	376.41	+0.095%	$47.1M	$113.4M	25x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.17	+0.032%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.22	+0.045%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USDlong	+0.0050%	1h	376.05	long leg	$300K	$304K	10x
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.72	−0.088%	$1.6M	$1.1M	10x	as long as short
SoDEX TSLA-USD	+0.0051%	1h	376.17	+0.032%	$4K	$3K	10x	as long as short
QFEX TSLA-USD	+0.0067%	1h	376.28	+0.061%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.95	−0.027%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.99	−0.016%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.88	−0.045%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.23	+0.048%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.20	+0.040%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.096%	$505K	$350K	10x	as long as short
Lighter TSLA	+0.0184%	1h	376.19	+0.037%	$821K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.997%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0255%	8h	376.10	+0.014%	$844K	$2.8M	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.39	+0.089%	$214K	$646K	20x	as long as short
Bullet TSLA-USD	+0.0273%	1h	376.30	+0.066%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0286%	1h	376.08	+0.009%	$489K	$111K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	376.15	+0.027%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0495%	1h	376.20	+0.040%	$18K	$195K	10x	as long as short