Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0155%/8h= −16.9% APRpaid last 24h −0.074%

Price spread now: Orderly against Phoenix−0.013%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Orderly

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TSLA	377.54	0.0255	pay 0.0032% / 1h	21m 10s	$1.3M	$539K	20x
Short	Orderly PERP_TSLA_USDC	377.49	0.0100	get 0.0100% / 8h	6h 21m	$41K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phoenix. 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 PhoenixbpFee OrderlybpOrdersPrice spread, now −0.013%Rate

Funding earned: −$32.47
Price spread: −0.013% → 0.000%: −$1.32
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$46.79
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 2 min ago; Orderly: 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 Phoenix live order book, 2 min ago	2.91 bp	10.1 bp −$10	20.5 bp −$205	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	−0.0998%	4h	377.42	−0.032%	$399K	$1.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.33	−0.056%	$513K	$328K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.47	−0.019%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.42	−0.033%	$481K	$9.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.54	0.000%	$47.4M	$110.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.67	+0.034%	$10.3M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.56	+0.005%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.54	−0.001%	$290K	$599K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.47	−0.019%	$17.0M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.35	−0.050%	$1.9M	$1.4M	—	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	377.48	−0.016%	$200K	$909K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.54	0.000%	$6K	$92K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.35	−0.050%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.49	−0.013%	$1.1M	$15K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0008%	1h	377.21	−0.089%	$38K	$45K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0022%	8h	377.60	+0.016%	$853K	$2.8M	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.41	−0.034%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.58	+0.011%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.60	+0.016%	$1.2M	$2.6M	20x	as long as short
Gate TSLA_USDT	+0.0037%	8h	377.52	−0.005%	$2.3M	$3.8M	100x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.30	−0.064%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.56	+0.005%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.27	−0.072%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.33	−0.056%	$301K	$311K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.47	−0.019%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.26	−0.074%	$1.5M	$1.1M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.39	−0.040%	$391K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.25	−0.077%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.37	−0.045%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	377.49	−0.013%	$41K	$20K	20x
Aevo TSLA-PERP	+0.0104%	1h	377.41	−0.035%	$747	—	10x	as long as short
Nado TSLA-PERP	+0.0106%	1h	377.49	−0.013%	$491K	$112K	20x	as long as short
Hotstuff TSLA-PERP	+0.0112%	1h	377.28	−0.069%	$34K	—	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.38	+0.222%	$79K	$36K	30x	as long as short
Phoenix TSLAlong	+0.0255%	1h	377.54	long leg	$1.3M	$539K	20x