Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against Polymarket Perps+0.077%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.077%, 7d avg +0.049%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.028% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.049%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TSLA-USD	377.14	0.0050	pay 0.0006% / 1h	14m 00s	$301K	$311K	10x
Short	Phemex TSLAUSDT	377.43	0	get 0.0000% / 4h	2h 14m	$1.1M	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$10.5
Price spread: +0.077% → +0.049%: $2.78
Slippage, 4 orders: −$63.66
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$91.38
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 53 min ago; Phemex: live order book, 4 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, 53 min ago	0.93 bp	9.0 bp −$9	9.2 bp −$92	10.1 bp −$1,013	doesn't fit
Sell Phemex live order book, 4 min ago	2.25 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit

TSLA on 35 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	−0.0067%	4h	377.42	+0.074%	$399K	$1.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.33	+0.050%	$513K	$328K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.35	+0.055%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.30	+0.042%	$481K	$9.2M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.39	+0.065%	$47.4M	$110.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.42	+0.074%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.29	+0.040%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.43	+0.076%	$290K	$599K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	377.04	−0.027%	$34K	—	20x	as long as short
Variational Omni TSLA	0.0000%	8h	377.41	+0.070%	$1.9M	$1.4M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	377.40	+0.069%	$200K	$909K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.34	+0.054%	$5K	$92K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.22	+0.021%	$20K	$187K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	377.43	+0.077%	$1.1M	$15K	10x
GRVT TSLA_USDT_Perp	+0.0002%	8h	377.59	+0.119%	$846K	$2.8M	10x	as long as short
Bitget TSLAUSDT	+0.0004%	8h	377.32	+0.048%	$17.0M	$22.9M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0007%	1h	377.30	+0.042%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.29	+0.040%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.31	+0.045%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.34	+0.053%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.29	+0.040%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.40	+0.069%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.10	−0.011%	$44.3M	$14.2M	20x	as long as short
Gate TSLA_USDT	+0.0050%	8h	377.38	+0.064%	$2.3M	$3.8M	100x	as long as short
Polymarket Perps TSLA-USDlong	+0.0050%	1h	377.14	long leg	$301K	$311K	10x
SoDEX TSLA-USD	+0.0050%	1h	377.31	+0.045%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.23	+0.024%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0097%	1h	377.24	+0.025%	$491K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.26	+0.032%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.28	+0.037%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.43	+0.077%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.30	+0.042%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.25	+0.028%	$747	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.46	+0.350%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.62	+0.127%	$1.3M	$539K	20x	as long as short