Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.083%

Price spread now: Orderly against Hotstuff+0.072%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.072% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff TSLA-PERP	376.79	0	get 0.0000% / 1h	32m 45s	$34K	—	20x
Short	Orderly PERP_TSLA_USDC	377.06	0.0100	get 0.0100% / 8h	5h 32m	$41K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Hotstuff. 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 HotstuffbpFee OrderlybpOrdersPrice spread, now +0.072%Rate

Funding earned: $21
Price spread: +0.072% → 0.000%: $7.17
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $17.17
Costs to cover: 0.110%
Break-even: 1.3 days

Slippage unknown: Hotstuff: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Hotstuff 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	−0.0963%	4h	377.08	+0.077%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.26	+0.123%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.12	+0.088%	$480K	$7.2M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.23	+0.117%	$47.4M	$110.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.24	+0.119%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.17	+0.101%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.17	+0.100%	$290K	$599K	20x	as long as short
Hotstuff TSLA-PERPlong	0.0000%	1h	376.79	long leg	$34K	—	20x
Bitget TSLAUSDT	0.0000%	8h	377.16	+0.098%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.08	+0.077%	$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	377.20	+0.108%	$846K	$2.8M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	377.14	+0.093%	$200K	$909K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.98	+0.050%	$20K	$188K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	+0.143%	$513K	$328K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.22	+0.114%	$1.1M	$15K	10x	as long as short
BloFin TSLA-USDT	+0.0007%	8h	377.33	+0.143%	$577K	$340K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0011%	1h	377.06	+0.072%	$38K	$43K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.08	+0.077%	$1.2M	$6.6M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.16	+0.098%	$819K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.15	+0.096%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.95	+0.042%	$161K	$95K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.09	+0.080%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.92	+0.035%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.01	+0.058%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.13	+0.090%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.87	+0.021%	$1.5M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0059%	1h	377.21	+0.110%	$6K	$92K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.04	+0.066%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.08	+0.077%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.91	+0.032%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	377.06	+0.072%	$41K	$22K	20x
Aevo TSLA-PERP	+0.0104%	1h	377.09	+0.079%	$747	—	10x	as long as short
Gate TSLA_USDT	+0.0106%	8h	377.16	+0.098%	$2.3M	$3.7M	100x	as long as short
Nado TSLA-PERP	+0.0144%	1h	376.96	+0.044%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.09	+0.345%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.24	+0.119%	$1.3M	$539K	20x	as long as short