Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0184%/8h= +20.1% APRpaid last 24h +0.030%

Price spread now: Lighter against Variational Omni+0.027%7-day average −0.035% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.058%+$6 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.027%, 7d avg −0.035%

Together, before fees+0.007%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.062% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.035%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.058% in total (about 5.9% 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	Variational Omni TSLA	375.77	0	get 0.0000% / 8h	1h 16m	$1.9M	$1.3M	—
Short	Lighter TSLA	375.87	0.0184	get 0.0023% / 1h	16m 13s	$820K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.027%Rate

Funding earned: $38.64
Price spread: +0.027% → −0.035%: $6.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $44.79
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 11 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	2.01 bp	doesn't fit	10.4 bp −$104	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	0.53 bp	0.6 bp −$1	2.0 bp −$20	41.7 bp −$4,169	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	+0.002%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0020%	8h	375.95	+0.048%	$576K	$356K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.03	+0.069%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.94	+0.045%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.89	+0.032%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.93	+0.043%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.82	+0.014%	$17.2M	$22.8M	100x	as long as short
Variational Omni TSLAlong	0.0000%	8h	375.77	long leg	$1.9M	$1.3M	—
StandX TSLA-USD	0.0000%	1h	375.95	+0.048%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.90	+0.035%	$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
Binance TSLAUSDT	+0.0007%	8h	375.94	+0.045%	$47.1M	$113.4M	25x	as long as short
Extended TSLA_24_5-USD	+0.0008%	1h	375.83	+0.017%	$481K	$2.7M	10x	as long as short
Aftermath Perps TSLAUSD	+0.0028%	1h	375.64	−0.035%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.83	+0.016%	$1.3M	$2.5M	20x	as long as short
Hotstuff TSLA-PERP	+0.0040%	1h	375.63	−0.037%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.64	−0.034%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.78	+0.003%	—	$119K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.64	−0.034%	$44.5M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.76	−0.002%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.81	+0.011%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.47	−0.080%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.92	+0.040%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.57	−0.053%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.67	−0.026%	$1.5M	$113K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.49	−0.074%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.61	−0.042%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.85	+0.021%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.69	−0.021%	$505K	$350K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.95	+0.048%	$214K	$640K	20x	as long as short
Lighter TSLAshort	+0.0184%	1h	375.87	+0.027%	$820K	$3.7M	20x
Injective TSLA/USDC PERP	+0.0220%	1h	379.66	+1.035%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0226%	8h	375.91	+0.036%	$846K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0258%	1h	375.95	+0.048%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0294%	1h	375.62	−0.041%	$488K	$111K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0309%	1h	375.78	+0.003%	$18K	$194K	10x	as long as short
Phoenix TSLA	+0.0318%	1h	375.85	+0.021%	$1.3M	$528K	20x	as long as short