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: Bybit against QFEX−0.005%53s7-day average +0.054% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.293% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.005%, 7d avg +0.054%

Together, before fees+0.038%+$4 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 Bybit is 0.059% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 53 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	QFEX TSLA-USD	375.92	0.0052	pay 0.0006% / 1h	15m 48s	$1.2M	$6.2M	10x
Short	Bybit TSLAUSDT	375.90	0	get 0.0000% / 8h	1h 15m	$10.2M	$15.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$10.87
Price spread: −0.005% → +0.054%: −$5.91
Slippage, 4 orders: −$8.31
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.09
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Bybit: live order book, 3 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, 8 min ago	2.00 bp	7.0 bp −$7	7.2 bp −$72	13.2 bp −$1,319	doesn't fit
Sell Bybit live order book, 3 min ago	0.67 bp	7.8 bp −$8	11.2 bp −$112	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	−0.0210%	4h	375.78	−0.038%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0020%	8h	375.95	+0.008%	$576K	$356K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.99	+0.019%	$574K	$200K	50x	as long as short
Bybit TSLAUSDTshort	0.0000%	8h	375.90	−0.005%	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	375.88	−0.011%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.93	+0.003%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.80	−0.032%	$17.2M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.87	−0.014%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.95	+0.008%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.90	−0.005%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TSLA_24_5-USD	+0.0008%	1h	375.83	−0.025%	$481K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0009%	8h	375.88	−0.011%	$47.1M	$113.4M	25x	as long as short
Aftermath Perps TSLAUSD	+0.0028%	1h	375.64	−0.075%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.79	−0.035%	$1.3M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.63	−0.077%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.64	−0.074%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.78	−0.037%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.62	−0.080%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.76	−0.043%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.81	−0.029%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.47	−0.120%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USDlong	+0.0052%	1h	375.92	long leg	$1.2M	$6.2M	10x
Pacifica TSLA	+0.0100%	1h	375.57	−0.092%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.67	−0.067%	$1.5M	$113K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.49	−0.114%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.61	−0.082%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.85	−0.019%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.061%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.95	+0.008%	$214K	$640K	20x	as long as short
Lighter TSLA	+0.0184%	1h	375.81	−0.029%	$820K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.66	+0.995%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0226%	8h	375.91	−0.004%	$846K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0258%	1h	375.95	+0.008%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0294%	1h	375.62	−0.081%	$488K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0309%	1h	375.78	−0.037%	$18K	$194K	10x	as long as short
Phoenix TSLA	+0.0318%	1h	375.85	−0.019%	$1.3M	$528K	20x	as long as short