Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: Orderly against Lighter RH−0.027%7-day average — · you buy dearer than you sell

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

Long on Lighter RH 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 RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.027% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 31 hours 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 RH TSLA	375.97	0.0032	pay 0.0004% / 1h	59m 18s	$1.3M	$2.5M	20x
Short	Orderly PERP_TSLA_USDC	375.87	0.0100	get 0.0100% / 8h	59m 18s	$41K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Lighter RH. 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 Lighter RHbpFee OrderlybpOrdersPrice spread, now −0.027%Rate

Funding earned: $14.28
Price spread: −0.027% → 0.000%: −$2.66
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.62
Costs to cover: 0.060%
Break-even: 4.2 days

Slippage unknown: Lighter RH: live order book, 4 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 RH live order book, 4 min ago	1.20 bp	1.5 bp −$1	4.9 bp −$49	44.0 bp −$4,397	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	−0.0308%	4h	375.98	+0.002%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.04	+0.018%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.08	+0.029%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.00	+0.008%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.09	+0.032%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.97	0.000%	$17.2M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.97	0.000%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.09	+0.032%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.01	+0.011%	$1.1M	$14K	10x	as long as short
Extended TSLA_24_5-USD	+0.0024%	1h	375.95	−0.005%	$480K	$2.8M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TSLAUSDT	+0.0027%	8h	376.05	+0.021%	$47.1M	$113.4M	25x	as long as short
Aftermath Perps TSLAUSD	+0.0030%	1h	375.77	−0.053%	$38K	$38K	10x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	375.97	long leg	$1.3M	$2.5M	20x
BloFin TSLA-USDT	+0.0040%	8h	376.09	+0.032%	$577K	$355K	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.78	−0.051%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.90	−0.019%	—	$119K	25x	as long as short
Hotstuff TSLA-PERP	+0.0048%	1h	375.75	−0.059%	$34K	—	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.76	−0.056%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.79	−0.048%	$300K	$304K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.65	−0.085%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.93	−0.011%	$1.2M	$6.2M	10x	as long as short
SoDEX TSLA-USD	+0.0052%	1h	375.99	+0.005%	$4K	$3K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.68	−0.078%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.82	−0.040%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.66	−0.082%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	375.87	−0.027%	$41K	$23K	20x
Aevo TSLA-PERP	+0.0104%	1h	375.98	+0.003%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.074%	$505K	$350K	10x	as long as short
Lighter TSLA	+0.0184%	1h	375.99	+0.005%	$821K	$3.7M	20x	as long as short
Nado TSLA-PERP	+0.0217%	1h	375.76	−0.057%	$488K	$111K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.950%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0245%	8h	376.09	+0.033%	$849K	$2.8M	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.09	+0.032%	$214K	$643K	20x	as long as short
Bullet TSLA-USD	+0.0311%	1h	376.06	+0.024%	$6K	$90K	10x	as long as short
Phoenix TSLA	+0.0318%	1h	375.90	−0.019%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0415%	1h	376.00	+0.008%	$18K	$194K	10x	as long as short