Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.018%

Price spread now: QFEX against Orderly+0.040%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 QFEX

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. QFEX is 0.040% dearer against Orderly than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSLA_USDC	374.96	0.0100	pay 0.0100% / 8h	2h 05m	$41K	$20K	20x
Short	QFEX TSLA-USD	375.11	0.0046	get 0.0006% / 1h	5m 01s	$1.2M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$11.31
Price spread: +0.040% → 0.000%: $4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 9 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 QFEX live order book, 9 min ago	1.20 bp	6.2 bp −$6	6.2 bp −$62	11.4 bp −$1,136	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	−0.0223%	4h	375.18	+0.060%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.11	+0.040%	$584K	$192K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.16	+0.054%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.20	+0.064%	$46.9M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.29	+0.088%	$10.2M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.17	+0.056%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.20	+0.064%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.13	+0.045%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.19	+0.061%	$1.8M	$1.1M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.19	+0.061%	$199K	$901K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet TSLA-USD	0.0000%	1h	375.21	+0.067%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.10	+0.037%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.16	+0.053%	$1.1M	$13K	10x	as long as short
Nado TSLA-PERP	+0.0005%	1h	374.98	+0.004%	$484K	$90K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	375.02	+0.016%	$38K	$49K	10x	as long as short
BloFin TSLA-USDT	+0.0022%	8h	375.17	+0.056%	$571K	$339K	20x	as long as short
Lighter TSLA	+0.0032%	1h	375.16	+0.053%	$648K	$3.4M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.19	+0.061%	$1.2M	$2.7M	20x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.08	+0.032%	—	$133K	25x	as long as short
QFEX TSLA-USDshort	+0.0046%	1h	375.11	+0.040%	$1.2M	$7.1M	10x
tradeXYZ xyz:TSLA	+0.0050%	1h	374.91	−0.013%	$43.5M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.96	0.000%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.14	+0.048%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.87	−0.024%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	374.88	−0.021%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.10	+0.037%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.03	+0.019%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.02	+0.016%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	374.96	long leg	$41K	$20K	20x
RISEx TSLA/USDC	+0.0103%	1h	375.25	+0.077%	$175K	$530K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.16	+0.053%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.26	+0.081%	$847K	$3.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.11	+0.040%	$529K	$332K	10x	as long as short
Arcus TSLA-USD	+0.0188%	1h	375.03	+0.019%	$153K	$84K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.13	+0.312%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0384%	1h	375.21	+0.067%	$1.3M	$458K	20x	as long as short