Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0277%/8h= +30.3% APRpaid last 24h +0.017%

Price spread now: Nado against Variational Omni−0.046%7-day average −0.029% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now −0.046%, 7d avg −0.029%

Together, before fees−0.141%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.035% in total (about -3.8% 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	376.20	0	get 0.0000% / 8h	2h 46m	$1.9M	$1.3M	—
Short	Nado TSLA-PERP	376.03	0.0277	get 0.0035% / 1h	46m 54s	$489K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.046%Rate

Funding earned: $58.09
Price spread: −0.046% → −0.029%: −$1.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $49.38
Costs to cover: 0.070%
Break-even: 1.0 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Nado: live order book, 1 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, 2 min ago	2.01 bp	doesn't fit	10.1 bp −$101	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	4.25 bp	13.1 bp −$13	27.3 bp −$273	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	−0.0899%	4h	376.13	−0.019%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.31	+0.029%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.12	−0.021%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.22	+0.006%	$47.0M	$112.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.18	−0.005%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.17	−0.008%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.20	0.000%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLAlong	0.0000%	8h	376.20	long leg	$1.9M	$1.3M	—
StandX TSLA-USD	0.0000%	1h	376.26	+0.016%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.17	−0.008%	$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
Deribit TSLA_USDC-PERPETUAL	+0.0016%	1h	376.11	−0.024%	$18K	$193K	10x	as long as short
BloFin TSLA-USDT	+0.0018%	8h	376.22	+0.006%	$577K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0020%	1h	375.97	−0.060%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0023%	8h	376.23	+0.008%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.15	−0.013%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.91	−0.077%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.14	−0.016%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.90	−0.080%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.05	−0.040%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.13	−0.018%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.94	−0.069%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.22	+0.006%	$1.3M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.24	+0.011%	$289K	$580K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.96	−0.063%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.01	−0.050%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.94	−0.069%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.97	−0.061%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.14	−0.015%	$745	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0112%	1h	375.93	−0.072%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	−0.018%	$511K	$337K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0141%	8h	376.33	+0.035%	$844K	$2.8M	10x	as long as short
Lighter TSLA	+0.0152%	1h	376.19	−0.002%	$842K	$3.6M	20x	as long as short
Bullet TSLA-USD	+0.0202%	1h	376.25	+0.014%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.15	+0.253%	$78K	$36K	30x	as long as short
Nado TSLA-PERPshort	+0.0277%	1h	376.03	−0.046%	$489K	$112K	20x
Phoenix TSLA	+0.0298%	1h	376.12	−0.021%	$1.3M	$528K	20x	as long as short