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 +0.046%

Price spread now: Gate against QFEX+0.016%7-day average +0.062% · 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−$44as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.037%+$4 on $10k

Price spread, last 7 days+0.064%+$6 · spread now +0.016%, 7d avg +0.062%

Together, before fees+0.101%+$10 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 Gate is 0.046% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	375.79	0.0052	pay 0.0006% / 1h	18m 18s	$1.2M	$6.2M	10x
Short	Gate TSLA_USDT	375.85	0	get 0.0000% / 8h	1h 18m	$2.3M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$10.87
Price spread: +0.016% → +0.062%: −$4.64
Slippage, 4 orders: −$14.2
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.71
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Gate: 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	2.00 bp	7.0 bp −$7	7.2 bp −$72	13.2 bp −$1,319	doesn't fit
Sell Gate live order book, 5 min ago	0.93 bp	13.9 bp −$14	28.5 bp −$285	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	−0.0831%	4h	375.77	−0.006%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.96	+0.046%	$574K	$200K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.82	+0.008%	$481K	$2.7M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.89	+0.027%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.88	+0.024%	$11.2M	$16.9M	25x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	375.54	−0.067%	$34K	—	20x	as long as short
Gate TSLA_USDTshort	0.0000%	8h	375.85	+0.016%	$2.3M	$3.5M	100x
Bitget TSLAUSDT	0.0000%	8h	375.82	+0.008%	$17.2M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.77	−0.006%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.84	+0.013%	$199K	$918K	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	375.88	+0.024%	$1.1M	$14K	10x	as long as short
Binance TSLAUSDT	+0.0003%	8h	375.91	+0.033%	$47.1M	$113.4M	25x	as long as short
BloFin TSLA-USDT	+0.0013%	8h	375.85	+0.016%	$577K	$356K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0028%	1h	375.63	−0.041%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.80	+0.003%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.59	−0.053%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.68	−0.029%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.55	−0.064%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.74	−0.013%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.82	+0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.40	−0.104%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USDlong	+0.0052%	1h	375.79	long leg	$1.2M	$6.2M	10x
Pacifica TSLA	+0.0100%	1h	375.53	−0.068%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.61	−0.048%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.49	−0.080%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.84	+0.013%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.82	+0.007%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.027%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.91	+0.032%	$214K	$640K	20x	as long as short
Lighter TSLA	+0.0184%	1h	375.85	+0.016%	$820K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0220%	8h	375.90	+0.028%	$846K	$2.8M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.56	+1.003%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0256%	1h	375.91	+0.032%	$5K	$90K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0256%	1h	375.70	−0.024%	$18K	$194K	10x	as long as short
Nado TSLA-PERP	+0.0296%	1h	375.50	−0.077%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.85	+0.016%	$1.3M	$528K	20x	as long as short