Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1009%/8h= −110.5% APRpaid last 24h −0.175%

Price spread now: edgeX against tradeXYZ+0.069%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.069%, 7d avg +0.044%

Together, before fees−0.230%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.026% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.044%): +$3 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.161% in total) that is about 27 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.161% in total (about -8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:TSLA	376.99	0.0050	pay 0.0006% / 1h	23m 29s	$44.3M	$14.3M	20x
Short	edgeX TSLAUSDC	377.25	−0.0959	pay 0.0480% / 4h	1h 23m	$398K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$211.99
Price spread: +0.069% → +0.044%: $2.56
Slippage, 4 orders: −$10.82
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$247.24
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; edgeX: live order book, just now.

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 tradeXYZ live order book, 5 min ago	0.53 bp	10.0 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell edgeX live order book, just now	4.24 bp	8.9 bp −$9	11.9 bp −$119	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 TSLAUSDCshort	−0.0959%	4h	377.25	+0.069%	$398K	$1.0M	10x
Hotstuff TSLA-PERP	−0.0016%	1h	376.94	−0.013%	$34K	—	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.32	+0.088%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.27	+0.073%	$480K	$6.8M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.36	+0.098%	$47.3M	$110.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.40	+0.109%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.27	+0.074%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.37	+0.100%	$290K	$599K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.25	+0.069%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.27	+0.074%	$1.9M	$1.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSLA_USDT_Perp	0.0000%	8h	377.38	+0.102%	$856K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	377.25	+0.069%	$200K	$909K	20x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.12	+0.034%	$513K	$330K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.29	+0.080%	$1.1M	$14K	10x	as long as short
BloFin TSLA-USDT	+0.0003%	8h	377.35	+0.095%	$577K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0012%	1h	377.13	+0.037%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.25	+0.069%	$1.2M	$6.6M	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.25	+0.069%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.11	+0.032%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.21	+0.058%	—	$130K	25x	as long as short
Lighter TSLA	+0.0048%	1h	377.27	+0.074%	$820K	$3.6M	20x	as long as short
tradeXYZ xyz:TSLAlong	+0.0050%	1h	376.99	long leg	$44.3M	$14.3M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	377.16	+0.045%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.24	+0.066%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.02	+0.008%	$1.5M	$1.1M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0068%	1h	377.07	+0.021%	$20K	$188K	10x	as long as short
Bullet TSLA-USD	+0.0072%	1h	377.24	+0.066%	$5K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.18	+0.050%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.12	+0.034%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.03	+0.011%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	377.13	+0.037%	$41K	$22K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	377.13	+0.036%	$747	—	10x	as long as short
Gate TSLA_USDT	+0.0114%	8h	377.26	+0.072%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0149%	1h	377.12	+0.033%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.09	+0.292%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.35	+0.095%	$1.3M	$539K	20x	as long as short