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: Orderly against QFEX−0.064%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Orderly

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

Funding pays, the price is against you. Orderly is 0.064% cheaper against QFEX than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	375.20	0.0046	pay 0.0006% / 1h	4m 21s	$1.2M	$7.1M	10x
Short	Orderly PERP_TSLA_USDC	374.96	0.0100	get 0.0100% / 8h	2h 04m	$41K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against QFEX. 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 QFEXbpFee OrderlybpOrdersPrice spread, now −0.064%Rate

Funding earned: $11.31
Price spread: −0.064% → 0.000%: −$6.4
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$11.09
Costs to cover: 0.160%
Break-even: 13.9 days

Slippage unknown: QFEX: live order book, 9 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 QFEX live order book, 9 min ago	1.20 bp	6.2 bp −$6	7.4 bp −$74	11.4 bp −$1,145	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 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	−0.004%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.11	−0.024%	$584K	$192K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.17	−0.009%	$477K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.21	+0.002%	$46.9M	$110.0M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.30	+0.027%	$10.2M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.18	−0.005%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.20	0.000%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.13	−0.019%	$16.6M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.19	−0.003%	$1.8M	$1.1M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.19	−0.003%	$199K	$902K	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	+0.003%	$5K	$91K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.12	−0.021%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.17	−0.008%	$1.1M	$13K	10x	as long as short
Nado TSLA-PERP	+0.0006%	1h	374.97	−0.061%	$484K	$90K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0016%	1h	375.02	−0.048%	$38K	$49K	10x	as long as short
BloFin TSLA-USDT	+0.0022%	8h	375.17	−0.008%	$571K	$339K	20x	as long as short
Lighter TSLA	+0.0032%	1h	375.16	−0.011%	$648K	$3.4M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.19	−0.003%	$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-USDlong	+0.0046%	1h	375.20	long leg	$1.2M	$7.1M	10x
tradeXYZ xyz:TSLA	+0.0050%	1h	374.91	−0.077%	$43.5M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.96	−0.064%	$297K	$292K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.14	−0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	374.87	−0.088%	$1.6M	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	374.90	−0.080%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.11	−0.024%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.02	−0.048%	$1.5M	$159K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.02	−0.048%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	374.96	−0.064%	$41K	$20K	20x
RISEx TSLA/USDC	+0.0103%	1h	375.27	+0.018%	$175K	$530K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.16	−0.011%	$743	—	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0126%	8h	375.26	+0.017%	$847K	$3.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	375.11	−0.024%	$529K	$332K	10x	as long as short
Arcus TSLA-USD	+0.0188%	1h	375.03	−0.045%	$153K	$84K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	376.13	+0.248%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0384%	1h	375.21	+0.003%	$1.3M	$458K	20x	as long as short