Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against Orderly+0.048%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 Lighter RH

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

The price spread pays, funding is against you. Lighter RH is 0.048% dearer against Orderly than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSLA_USDC	378.41	0.0100	pay 0.0100% / 8h	5h 50m	$41K	$25K	20x
Short	Lighter RH TSLA	378.59	0.0032	get 0.0004% / 1h	50m 58s	$1.2M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$14.28
Price spread: +0.048% → 0.000%: $4.76
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$15.52
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 5 min ago. 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 Lighter RH live order book, 5 min ago	1.85 bp	2.0 bp −$2	3.7 bp −$37	42.3 bp −$4,232	doesn't fit

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 exchanges

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
Hotstuff TSLA-PERP	−0.1600%	1h	377.59	−0.217%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0524%	4h	378.08	−0.086%	$398K	$1.1M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.72	+0.082%	$10.2M	$14.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.65	+0.063%	$11.3M	$15.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.65	+0.063%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.57	+0.042%	$17.3M	$24.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.09	−0.085%	$201K	$963K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	378.44	+0.008%	$18K	$190K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	378.45	+0.011%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	378.04	−0.099%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLAshort	+0.0032%	1h	378.59	+0.048%	$1.2M	$2.5M	20x
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.254%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	378.36	−0.013%	$132K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.48	+0.018%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	378.38	−0.008%	$44.9M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	378.32	−0.024%	$301K	$136K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	378.58	+0.045%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	378.31	−0.026%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USD	+0.0051%	1h	378.47	+0.016%	$1.3M	$6.2M	10x	as long as short
Lighter TSLA	+0.0064%	1h	378.59	+0.048%	$809K	$3.6M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	378.39	−0.005%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	378.36	−0.013%	$1.4M	$3.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	378.04	−0.098%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	378.41	long leg	$41K	$25K	20x
Aevo TSLA-PERP	+0.0104%	1h	378.58	+0.046%	$750	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.89	−0.137%	$519K	$385K	10x	as long as short
Aster TSLAUSDT	+0.0135%	8h	378.66	+0.066%	$577K	$200K	50x	as long as short
Bullet TSLA-USD	+0.0136%	1h	378.63	+0.058%	$5K	$93K	10x	as long as short
Nado TSLA-PERP	+0.0166%	1h	378.39	−0.005%	$502K	$99K	20x	as long as short
Variational Omni TSLA	+0.0174%	8h	378.13	−0.074%	$1.7M	$1.5M	—	as long as short
Extended TSLA_24_5-USD	+0.0192%	1h	378.57	+0.041%	$483K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0193%	8h	378.69	+0.074%	$47.5M	$115.4M	25x	as long as short
BloFin TSLA-USDT	+0.0200%	8h	378.46	+0.013%	$587K	$373K	20x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.57	+0.043%	$229K	$656K	20x	as long as short
Phoenix TSLA	+0.0360%	1h	378.28	−0.034%	$1.3M	$484K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0535%	8h	378.33	−0.021%	$850K	$2.9M	10x	as long as short