Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.012%

Price spread now: Bitget against QFEX−0.011%7-day average +0.050% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.011%, 7d avg +0.050%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.060% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	375.81	0.0052	pay 0.0006% / 1h	27m 13s	$1.2M	$6.2M	10x
Short	Bitget TSLAUSDT	375.77	0	get 0.0000% / 8h	1h 27m	$17.2M	$22.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$10.87
Price spread: −0.011% → +0.050%: −$6.04
Slippage, 4 orders: −$8.61
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.52
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Bitget: 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 QFEX live order book, 7 min ago	2.26 bp	7.3 bp −$7	7.3 bp −$73	12.8 bp −$1,282	doesn't fit
Sell Bitget live order book, 2 min ago	0.40 bp	8.3 bp −$8	11.5 bp −$115	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	−0.0862%	4h	375.87	+0.017%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.89	+0.020%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.77	−0.011%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.87	+0.016%	$47.1M	$113.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.79	−0.005%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.76	−0.013%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.86	+0.013%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDTshort	0.0000%	8h	375.77	−0.011%	$17.2M	$22.9M	100x
Variational Omni TSLA	0.0000%	8h	375.67	−0.037%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.97	+0.043%	$200K	$919K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	375.87	+0.016%	$1.1M	$14K	10x	as long as short
Hotstuff TSLA-PERP	+0.0024%	1h	375.46	−0.093%	$34K	—	20x	as long as short
Aftermath Perps TSLAUSD	+0.0026%	1h	375.70	−0.030%	$38K	$38K	10x	as long as short
BloFin TSLA-USDT	+0.0028%	8h	375.86	+0.013%	$578K	$356K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.70	−0.029%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.60	−0.056%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.70	−0.029%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.52	−0.077%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.72	−0.024%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.76	−0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.36	−0.120%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USDlong	+0.0052%	1h	375.81	long leg	$1.2M	$6.2M	10x
Pacifica TSLA	+0.0100%	1h	375.66	−0.040%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.58	−0.061%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.63	−0.048%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.50	−0.082%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.68	−0.034%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.032%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.85	+0.010%	$214K	$643K	20x	as long as short
Lighter TSLA	+0.0168%	1h	375.73	−0.021%	$820K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0207%	8h	375.78	−0.008%	$843K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.41	+0.958%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0238%	1h	375.88	+0.019%	$5K	$91K	10x	as long as short
Nado TSLA-PERP	+0.0290%	1h	375.46	−0.093%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.82	+0.003%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0576%	1h	375.72	−0.024%	$18K	$194K	10x	as long as short