Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%

Price spread now: Orderly against Injective−0.890%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.890% cheaper against Injective than usual: you would sell low and buy high (−$89 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TSLA/USDC PERP	379.58	0.0220	pay 0.0028% / 1h	45m 01s	$79K	$37K	30x
Short	Orderly PERP_TSLA_USDC	376.20	0.0100	get 0.0100% / 8h	7h 45m	$41K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now −0.890%Rate

Funding earned: −$25.2
Price spread: −0.890% → 0.000%: −$89.05
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$120.27
Costs to cover: 0.060%
Break-even: never at this rate

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

Injective 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	−0.0515%	4h	376.02	−0.939%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.21	−0.888%	$10.2M	$15.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.29	−0.867%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.26	−0.875%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.17	−0.898%	$17.3M	$22.9M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	376.16	−0.901%	$200K	$925K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.98	−0.948%	$18K	$190K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.12	−0.912%	$1.1M	$14K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0003%	8h	376.20	−0.891%	$851K	$2.9M	10x	as long as short
Aster TSLAUSDT	+0.0014%	8h	376.29	−0.867%	$574K	$200K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0029%	1h	375.88	−0.974%	$38K	$36K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.16	−0.901%	$805K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.19	−0.893%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.01	−0.941%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.17	−0.898%	—	$125K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	376.09	−0.919%	$1.2M	$6.2M	10x	as long as short
Variational Omni TSLA	+0.0050%	8h	376.08	−0.921%	$1.8M	$1.3M	—	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.98	−0.948%	$44.6M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.00	−0.943%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.14	−0.906%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.97	−0.951%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0064%	1h	376.22	−0.885%	$6K	$92K	10x	as long as short
BloFin TSLA-USDT	+0.0064%	8h	376.30	−0.864%	$581K	$358K	20x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	376.17	−0.899%	$483K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0076%	8h	376.29	−0.867%	$47.1M	$114.4M	25x	as long as short
Pacifica TSLA	+0.0100%	1h	375.97	−0.951%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.04	−0.933%	$1.5M	$2.1M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.81	−0.993%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	376.20	−0.890%	$41K	$23K	20x
Aevo TSLA-PERP	+0.0104%	1h	376.13	−0.910%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0146%	1h	376.07	−0.926%	$498K	$116K	20x	as long as short
Hotstuff TSLA-PERP	+0.0152%	1h	375.90	−0.969%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	376.02	−0.938%	$507K	$356K	10x	as long as short
Injective TSLA/USDC PERPlong	+0.0220%	1h	379.58	long leg	$79K	$37K	30x
RISEx TSLA/USDC	+0.0290%	1h	376.16	−0.901%	$215K	$653K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	376.13	−0.909%	$1.3M	$507K	20x	as long as short