Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.014%

Price spread now: Orderly against Lighter−0.045%7-day average — · you buy dearer than you sell

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

Long on Lighter 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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.045% cheaper against Lighter than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	375.03	0.0032	pay 0.0004% / 1h	14m 33s	$648K	$3.3M	20x
Short	Orderly PERP_TSLA_USDC	374.86	0.0100	get 0.0100% / 8h	1h 14m	$41K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Lighter. 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 LighterbpFee OrderlybpOrdersPrice spread, now −0.045%Rate

Funding earned: $14.28
Price spread: −0.045% → 0.000%: −$4.53
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $3.75
Costs to cover: 0.060%
Break-even: 5.2 days

Slippage unknown: Lighter: live order book, 8 min ago; 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 Lighter live order book, 8 min ago	0.13 bp	0.1 bp $0	0.8 bp −$8	33.5 bp −$3,349	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	−0.0768%	4h	375.04	+0.003%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0026%	8h	375.09	+0.016%	$569K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.08	+0.013%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.00	−0.007%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.07	+0.011%	$46.8M	$109.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.24	+0.056%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.15	+0.032%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.19	+0.042%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.07	+0.011%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.02	−0.003%	$16.6M	$22.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TSLA	0.0000%	8h	375.02	−0.003%	$1.8M	$1.2M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.00	−0.008%	$199K	$898K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	374.88	−0.040%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.08	+0.013%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0015%	1h	375.00	−0.009%	$38K	$49K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.06	+0.008%	$1.2M	$7.2M	10x	as long as short
Lighter TSLAlong	+0.0032%	1h	375.03	long leg	$648K	$3.3M	20x
Lighter RH TSLA	+0.0032%	1h	375.06	+0.008%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	374.97	−0.016%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	374.98	−0.013%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.82	−0.056%	$43.4M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.88	−0.040%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	374.98	−0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.77	−0.069%	$1.6M	$1.0M	10x	as long as short
Bullet TSLA-USD	+0.0053%	1h	375.06	+0.008%	$5K	$90K	10x	as long as short
Hotstuff TSLA-PERP	+0.0056%	1h	374.80	−0.061%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0064%	1h	374.91	−0.033%	$484K	$90K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	374.84	−0.051%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	374.92	−0.029%	$1.5M	$160K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	374.98	−0.013%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	374.86	−0.045%	$41K	$20K	20x
Aevo TSLA-PERP	+0.0104%	1h	374.98	−0.012%	$742	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0122%	8h	375.25	+0.058%	$847K	$2.7M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	+0.021%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.16	+0.301%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.32	+0.077%	$1.3M	$522K	20x	as long as short