Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against Orderly−0.080%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Ondo Perps

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 airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.080% cheaper against Orderly than usual: you would sell low and buy high (−$8 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	Orderly PERP_TSLA_USDC	376.32	0.0100	pay 0.0100% / 8h	7h 29m	$41K	$20K	20x
Short	Ondo Perps TSLA-USD.P	376.02	0.0050	get 0.0006% / 1h	29m 40s	$1.6M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$10.42
Price spread: −0.080% → 0.000%: −$7.97
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$29.39
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

Orderly and Ondo Perps: 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	−0.0062%	4h	376.22	−0.028%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.21	−0.030%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.34	+0.005%	$479K	$11.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.42	+0.027%	$47.0M	$109.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.38	+0.016%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.36	+0.011%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.34	+0.005%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.29	−0.008%	$16.8M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.24	−0.022%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.25	−0.019%	$200K	$893K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	376.33	+0.003%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0006%	8h	376.27	−0.013%	$571K	$339K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.05	−0.072%	$38K	$46K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.30	−0.005%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.36	+0.011%	$717K	$3.4M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.39	+0.019%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.16	−0.043%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.23	−0.024%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.322%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.14	−0.048%	$44.3M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.09	−0.061%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.32	0.000%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Pshort	+0.0050%	1h	376.02	−0.080%	$1.6M	$1.0M	10x
Deribit TSLA_USDC-PERPETUAL	+0.0069%	1h	376.33	+0.003%	$20K	$186K	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.42	+0.027%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.23	−0.024%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.02	−0.080%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.97	−0.093%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	376.32	long leg	$41K	$20K	20x
GRVT TSLA_USDT_Perp	+0.0104%	8h	376.37	+0.013%	$846K	$2.7M	10x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.26	−0.017%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0115%	1h	376.37	+0.014%	$5K	$92K	10x	as long as short
Hotstuff TSLA-PERP	+0.0120%	1h	376.12	−0.053%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0135%	1h	376.15	−0.045%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.22	+0.239%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	376.07	−0.066%	$1.3M	$547K	20x	as long as short