Funding arb · Price arb /

TSLA

RWAall TSLA markets

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: Bullet against Orderly+0.043%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bullet

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

The price spread pays, funding is against you. Bullet is 0.043% dearer against Orderly than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSLA_USDC	374.90	0.0100	pay 0.0100% / 8h	1h 16m	$41K	$20K	20x
Short	Bullet TSLA-USD	375.06	0.0053	get 0.0007% / 1h	16m 12s	$6K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Orderly. 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 OrderlybpFee BulletbpOrdersPrice 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 Orderly: 3 bp × 2 orders: −$6
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$19.53
Costs to cover: 0.140%
Break-even: never at this rate

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

Orderly and Bullet: 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	+0.073%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.13	+0.061%	$584K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	374.98	+0.023%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.06	+0.042%	$46.8M	$109.9M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.19	+0.077%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.06	+0.043%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	375.19	+0.076%	$175K	$529K	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.04	+0.037%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	374.96	+0.016%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.19	+0.077%	$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	+0.056%	$199K	$897K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	374.93	+0.008%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.09	+0.051%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0006%	8h	375.06	+0.043%	$568K	$341K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0015%	1h	375.00	+0.025%	$38K	$49K	10x	as long as short
QFEX TSLA-USD	+0.0030%	1h	375.05	+0.040%	$1.2M	$7.2M	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.03	+0.035%	$648K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.08	+0.048%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	374.96	+0.016%	$153K	$84K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	374.99	+0.024%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	374.83	−0.019%	$43.5M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.88	−0.005%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	374.99	+0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.81	−0.024%	$1.6M	$1.0M	10x	as long as short
Bullet TSLA-USDshort	+0.0053%	1h	375.06	+0.043%	$6K	$90K	10x
Nado TSLA-PERP	+0.0062%	1h	374.90	+0.001%	$484K	$90K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	374.84	−0.016%	$389K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	374.92	+0.005%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.05	+0.040%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	374.90	long leg	$41K	$20K	20x
Aevo TSLA-PERP	+0.0104%	1h	374.99	+0.023%	$742	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0124%	8h	375.27	+0.099%	$847K	$2.7M	10x	as long as short
Hotstuff TSLA-PERP	+0.0128%	1h	374.79	−0.029%	$34K	—	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0128%	1h	375.11	+0.056%	$529K	$332K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.16	+0.336%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	375.32	+0.112%	$1.3M	$522K	20x	as long as short