Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h 0.000%

Price spread now: Binance against QFEX+0.046%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 2 days (all we have)−0.013%−$1 · spread now +0.046%, 7d avg +0.021%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.025% dearer against QFEX than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.021%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	375.55	0.0031	pay 0.0004% / 1h	38m 18s	$1.2M	$7.2M	10x
Short	Binance TSLAUSDT	375.72	0	get 0.0000% / 8h	38m 18s	$46.9M	$110.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.046%Rate

Funding earned: −$6.45
Price spread: +0.046% → +0.021%: $2.51
Slippage, 4 orders: −$3.84
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.78
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Binance: live order book, 5 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 QFEX live order book, 6 min ago	1.47 bp	6.5 bp −$6	7.4 bp −$74	11.3 bp −$1,131	doesn't fit
Sell Binance live order book, 5 min ago	0.13 bp	5.1 bp −$5	8.6 bp −$86	29.7 bp −$2,971	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	−0.0051%	4h	375.60	+0.013%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.41	−0.038%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.68	+0.034%	$478K	$10.6M	10x	as long as short
Binance TSLAUSDTshort	0.0000%	8h	375.72	+0.046%	$46.9M	$110.0M	25x
Bybit TSLAUSDT	0.0000%	8h	375.83	+0.075%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.73	+0.048%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.64	+0.024%	$2.3M	$4.1M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.63	+0.021%	$16.7M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.61	+0.015%	$1.9M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.64	+0.024%	$199K	$897K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	375.74	+0.050%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.61	+0.016%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.60	+0.013%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	375.38	−0.046%	$38K	$48K	10x	as long as short
BloFin TSLA-USDT	+0.0024%	8h	375.61	+0.016%	$570K	$341K	20x	as long as short
QFEX TSLA-USDlong	+0.0031%	1h	375.55	long leg	$1.2M	$7.2M	10x
Lighter TSLA	+0.0032%	1h	375.62	+0.019%	$652K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.67	+0.032%	$1.2M	$2.6M	20x	as long as short
Nado TSLA-PERP	+0.0042%	1h	375.56	+0.004%	$495K	$109K	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.64	+0.024%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.54	−0.003%	$44.2M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.48	−0.019%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.67	+0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.34	−0.056%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0072%	1h	375.44	−0.029%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0083%	1h	375.49	−0.016%	$165K	$96K	10x	as long as short
RISEx TSLA/USDC	+0.0085%	1h	375.70	+0.041%	$260K	$573K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.48	−0.018%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.46	−0.024%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.36	−0.051%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.68	+0.035%	$41K	$21K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.64	+0.023%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0120%	1h	375.11	−0.117%	$529K	$328K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0131%	8h	375.66	+0.029%	$842K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.46	+0.242%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0362%	1h	375.69	+0.037%	$1.3M	$547K	20x	as long as short