Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: Orderly against Lighter RH+0.035%7-day average — · you sell dearer than you buy

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

Long on Lighter RH 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—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.035% dearer against Lighter RH than usual: you sell high and buy low: +$3 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	Lighter RH TSLA	375.47	0.0032	pay 0.0004% / 1h	20m 30s	$1.2M	$2.5M	20x
Short	Orderly PERP_TSLA_USDC	375.60	0.0100	get 0.0100% / 8h	7h 20m	$41K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Lighter RH. 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 Lighter RHbpFee OrderlybpOrdersPrice spread, now +0.035%Rate

Funding earned: $14.28
Price spread: +0.035% → 0.000%: $3.46
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $11.74
Costs to cover: 0.060%
Break-even: 1.2 days

Slippage unknown: Lighter RH: live order book, 3 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 Lighter RH live order book, 3 min ago	0.80 bp	3.7 bp −$4	9.3 bp −$93	46.2 bp −$4,621	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
Hotstuff TSLA-PERP	−0.1600%	1h	375.24	−0.061%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0320%	4h	375.34	−0.035%	$395K	$1.1M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.22	−0.067%	$573K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.53	+0.016%	$10.1M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.60	+0.035%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.59	+0.032%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.54	+0.019%	$17.3M	$23.4M	100x	as long as short
GRVT TSLA_USDT_Perp	0.0000%	8h	375.38	−0.025%	$845K	$2.9M	10x	as long as short
StandX TSLA-USD	0.0000%	1h	375.66	+0.051%	$199K	$955K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.38	−0.024%	$18K	$191K	10x	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	375.60	+0.035%	$1.1M	$15K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0027%	1h	374.93	−0.145%	$38K	$36K	10x	as long as short
Variational Omni TSLA	+0.0030%	8h	375.62	+0.040%	$1.7M	$1.4M	—	as long as short
Lighter TSLA	+0.0032%	1h	375.47	0.000%	$804K	$3.7M	20x	as long as short
Lighter RH TSLAlong	+0.0032%	1h	375.47	long leg	$1.2M	$2.5M	20x
Arcus TSLA-USD	+0.0040%	1h	375.40	−0.019%	$134K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.48	+0.003%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	375.53	+0.016%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.32	−0.040%	$44.5M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.42	−0.013%	$300K	$161K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.59	+0.032%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.41	−0.016%	$1.5M	$1.1M	10x	as long as short
Binance TSLAUSDT	+0.0056%	8h	375.62	+0.040%	$47.1M	$115.3M	25x	as long as short
Extended TSLA_24_5-USD	+0.0056%	1h	375.55	+0.021%	$478K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0062%	8h	375.66	+0.051%	$583K	$360K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.27	−0.053%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.30	−0.045%	$1.5M	$2.5M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.08	−0.104%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	375.60	+0.035%	$41K	$23K	20x
Bullet TSLA-USD	+0.0103%	1h	375.66	+0.051%	$6K	$92K	10x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.54	+0.020%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.25	−0.059%	$507K	$364K	10x	as long as short
Nado TSLA-PERP	+0.0177%	1h	375.47	0.000%	$498K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.111%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.63	+0.043%	$215K	$655K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	375.28	−0.051%	$1.3M	$507K	20x	as long as short