Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: tradeXYZ against Orderly−0.042%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.042% cheaper against Orderly than usual: you would sell low and buy high (−$4 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	377.33	0.0100	pay 0.0100% / 8h	5h 51m	$41K	$22K	20x
Short	tradeXYZ xyz:TSLA	377.17	0.0050	get 0.0006% / 1h	51m 44s	$44.4M	$14.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$10.59
Price spread: −0.042% → 0.000%: −$4.24
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$38.83
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago	0.40 bp	10.4 bp −$10	13.0 bp −$130	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 35 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	−0.0354%	4h	377.43	+0.028%	$399K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.49	+0.043%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.38	+0.013%	$479K	$8.0M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.44	+0.029%	$47.4M	$110.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.54	+0.056%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.44	+0.029%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.56	+0.061%	$290K	$598K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.41	+0.021%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.45	+0.033%	$1.9M	$1.4M	—	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	377.57	+0.063%	$853K	$2.8M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	377.38	+0.013%	$200K	$908K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.32	−0.003%	$20K	$187K	10x	as long as short
Coinbase International TSLA-PERP-INTX	0.0000%	1h	377.33	0.000%	$513K	$328K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.50	+0.045%	$1.1M	$15K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0008%	1h	377.22	−0.029%	$38K	$44K	10x	as long as short
QFEX TSLA-USD	+0.0019%	1h	377.40	+0.019%	$1.2M	$6.6M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.45	+0.032%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.42	+0.024%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.34	+0.003%	$162K	$95K	10x	as long as short
Bullet TSLA-USD	+0.0044%	1h	377.48	+0.040%	$5K	$92K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.51	+0.048%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLAshort	+0.0050%	1h	377.17	−0.042%	$44.4M	$14.2M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	377.32	−0.003%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.36	+0.008%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.17	−0.042%	$1.5M	$1.1M	10x	as long as short
Gate TSLA_USDT	+0.0091%	8h	377.49	+0.042%	$2.3M	$3.7M	100x	as long as short
Hotstuff TSLA-PERP	+0.0096%	1h	377.16	−0.045%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.28	−0.013%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.32	−0.003%	$1.5M	$104K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.34	+0.003%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	377.33	long leg	$41K	$22K	20x
Aevo TSLA-PERP	+0.0104%	1h	377.38	+0.012%	$747	—	10x	as long as short
Nado TSLA-PERP	+0.0127%	1h	377.39	+0.016%	$491K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.51	+0.313%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0254%	1h	377.52	+0.050%	$1.3M	$539K	20x	as long as short