Funding arb · Price arb /

TSLA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.087%

Price spread now: Orderly against Hotstuff+0.075%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Orderly is 0.075% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff TSLA-PERP	375.48	0.0088	pay 0.0011% / 1h	26m 06s	$34K	—	20x
Short	Orderly PERP_TSLA_USDC	375.76	0.0100	get 0.0100% / 8h	2h 26m	$41K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Hotstuff. 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 HotstuffbpFee OrderlybpOrdersPrice spread, now +0.075%Rate

Funding earned: $2.52
Price spread: +0.075% → 0.000%: $7.46
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.02
Costs to cover: 0.110%
Break-even: 9.8 days

Slippage unknown: Hotstuff: no order-book sample; 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Hotstuff and 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	−0.0616%	4h	375.72	+0.065%	$397K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0003%	8h	375.76	+0.075%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.84	+0.096%	$575K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.71	+0.061%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.80	+0.086%	$47.0M	$112.8M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.74	+0.069%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.73	+0.067%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.72	+0.064%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.75	+0.073%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.75	+0.072%	$199K	$917K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	375.80	+0.085%	$1.1M	$14K	10x	as long as short
Gate TSLA_USDT	+0.0006%	8h	375.79	+0.083%	$2.3M	$3.5M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	375.54	+0.016%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.72	+0.064%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.48	0.000%	$134K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.72	+0.064%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.50	+0.005%	$44.4M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.64	+0.043%	$300K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.72	+0.064%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.39	−0.024%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.69	+0.056%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	375.84	+0.096%	$217K	$618K	20x	as long as short
Hotstuff TSLA-PERPlong	+0.0088%	1h	375.48	long leg	$34K	—	20x
Pacifica TSLA	+0.0100%	1h	375.65	+0.045%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.63	+0.040%	$1.5M	$108K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.53	+0.013%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	375.76	+0.075%	$41K	$23K	20x
Aevo TSLA-PERP	+0.0104%	1h	375.72	+0.063%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	+0.173%	$511K	$337K	10x	as long as short
Lighter TSLA	+0.0120%	1h	375.74	+0.069%	$829K	$3.7M	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0149%	1h	375.68	+0.053%	$18K	$193K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0161%	8h	375.74	+0.069%	$852K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0166%	1h	375.79	+0.083%	$4K	$89K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.71	+1.127%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0251%	1h	375.60	+0.031%	$487K	$113K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	375.88	+0.107%	$1.3M	$528K	20x	as long as short