Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.016%

Price spread now: Orderly against Bullet−0.043%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.043% cheaper against Bullet than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TSLA-USD	375.06	0.0053	pay 0.0007% / 1h	16m 14s	$6K	$90K	10x
Short	Orderly PERP_TSLA_USDC	374.90	0.0100	get 0.0100% / 8h	1h 16m	$41K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bullet. 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 BulletbpFee OrderlybpOrdersPrice spread, now −0.043%Rate

Funding earned: $9.82
Price spread: −0.043% → 0.000%: −$4.29
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.47
Costs to cover: 0.140%
Break-even: 13.0 days

Slippage unknown: Bullet: no order-book sample; Orderly: no order-book sample. 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 Bullet no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Bullet and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0429%	4h	375.17	+0.030%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.13	+0.018%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	374.98	−0.020%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.06	−0.001%	$46.8M	$109.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.19	+0.034%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.06	0.000%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.19	+0.033%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.04	−0.006%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	374.96	−0.027%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.19	+0.034%	$1.8M	$1.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	375.11	+0.013%	$199K	$897K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	374.93	−0.035%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.09	+0.008%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0006%	8h	375.06	0.000%	$568K	$341K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0015%	1h	375.00	−0.018%	$38K	$49K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.05	−0.003%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.03	−0.008%	$648K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.08	+0.005%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	374.96	−0.027%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	374.99	−0.019%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.83	−0.062%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.88	−0.048%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	374.99	−0.019%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.81	−0.067%	$1.6M	$1.0M	10x	as long as short
Bullet TSLA-USDlong	+0.0053%	1h	375.06	long leg	$6K	$90K	10x
Nado TSLA-PERP	+0.0062%	1h	374.90	−0.042%	$484K	$90K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	374.84	−0.059%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	374.92	−0.038%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.05	−0.003%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	374.90	−0.043%	$41K	$20K	20x
Aevo TSLA-PERP	+0.0104%	1h	374.99	−0.020%	$742	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0124%	8h	375.27	+0.056%	$847K	$2.7M	10x	as long as short
Hotstuff TSLA-PERP	+0.0128%	1h	374.79	−0.072%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	+0.013%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.16	+0.293%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.32	+0.069%	$1.3M	$522K	20x	as long as short