Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against Orderly+0.061%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 Phemex

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—needs both histories

The price spread pays, funding is against you. Phemex is 0.061% dearer against Orderly than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSLA_USDC	377.32	0.0100	pay 0.0100% / 8h	17m 56s	$41K	$23K	20x
Short	Phemex TSLAUSDT	377.55	0	get 0.0000% / 4h	17m 56s	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$21
Price spread: +0.061% → 0.000%: $6.1
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$32.9
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Phemex: 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 Phemex live order book, 5 min ago	0.93 bp	30.7 bp −$31	doesn't fit	doesn't fit	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 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	−0.0659%	4h	376.39	−0.245%	$398K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.49	+0.045%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.43	+0.029%	$11.3M	$17.0M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	377.40	+0.021%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.42	+0.027%	$17.3M	$23.1M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	378.15	+0.220%	$201K	$919K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	377.55	+0.061%	$1.1M	$14K	10x
Aster TSLAUSDT	+0.0015%	8h	377.20	−0.031%	$576K	$200K	50x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.33	+0.003%	$1.3M	$2.5M	20x	as long as short
Aftermath Perps TSLAUSD	+0.0032%	1h	376.86	−0.121%	$38K	$36K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TSLA-USD	+0.0040%	1h	377.02	−0.080%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.44	+0.032%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.16	−0.042%	$44.8M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.17	−0.040%	$301K	$303K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.24	−0.021%	$1.6M	$1.1M	10x	as long as short
Variational Omni TSLA	+0.0053%	8h	376.60	−0.191%	$1.9M	$1.3M	—	as long as short
QFEX TSLA-USD	+0.0067%	1h	377.33	+0.003%	$1.2M	$6.2M	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0068%	1h	377.24	−0.021%	$18K	$195K	10x	as long as short
Extended TSLA_24_5-USD	+0.0080%	1h	377.37	+0.014%	$483K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0080%	8h	377.44	+0.032%	$47.2M	$114.3M	25x	as long as short
BloFin TSLA-USDT	+0.0081%	8h	378.04	+0.191%	$583K	$357K	20x	as long as short
SoDEX TSLA-USD	+0.0092%	1h	377.41	+0.024%	$4K	$3K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.27	−0.013%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.05	−0.072%	$1.5M	$1.7M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.13	−0.315%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	377.32	long leg	$41K	$23K	20x
Aevo TSLA-PERP	+0.0104%	1h	377.35	+0.007%	$747	—	10x	as long as short
Lighter TSLA	+0.0152%	1h	377.36	+0.011%	$824K	$3.7M	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	377.51	+0.050%	$511K	$357K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.80	+0.657%	$79K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0244%	1h	377.50	+0.048%	$6K	$91K	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	377.52	+0.053%	$215K	$652K	20x	as long as short
Nado TSLA-PERP	+0.0273%	1h	377.29	−0.009%	$491K	$111K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0291%	8h	376.91	−0.107%	$857K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0400%	1h	377.59	+0.072%	$34K	—	20x	as long as short
Phoenix TSLA	+0.0404%	1h	376.43	−0.236%	$1.3M	$525K	20x	as long as short