Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.006%

Price spread now: Deribit against Orderly−0.021%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 Deribit

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.021% cheaper against Orderly than usual: you would sell low and buy high (−$2 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	376.27	0.0100	pay 0.0100% / 8h	7h 48m	$41K	$21K	20x
Short	Deribit TSLA_USDC-PERPETUAL	376.19	0	get 0.0000% / 1h	48m 17s	$20K	$186K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$21
Price spread: −0.021% → 0.000%: −$2.13
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.13
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 25 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 Deribit live order book, 25 min ago	0.13 bp	3.6 bp −$4	7.5 bp −$75	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 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	−0.0632%	4h	376.17	−0.026%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0018%	8h	376.31	+0.011%	$568K	$341K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.14	−0.035%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.19	−0.021%	$477K	$10.9M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.29	+0.004%	$47.0M	$109.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.29	+0.005%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.24	−0.008%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.29	+0.005%	$2.3M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.20	−0.019%	$16.8M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.18	−0.025%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.23	−0.011%	$200K	$894K	20x	as long as short
Deribit TSLA_USDC-PERPETUALshort	0.0000%	1h	376.19	−0.021%	$20K	$186K	10x
Phemex TSLAUSDT	0.0000%	4h	376.29	+0.005%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.05	−0.059%	$38K	$47K	10x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.19	−0.021%	$1.2M	$7.1M	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.25	−0.005%	$654K	$3.3M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.29	+0.005%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.10	−0.045%	$165K	$91K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0045%	8h	376.29	+0.005%	$845K	$2.8M	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.26	−0.003%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.308%	$529K	$312K	10x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.10	−0.045%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.18	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.95	−0.085%	$1.6M	$1.0M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0073%	1h	376.09	−0.048%	$44.3M	$14.3M	20x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.32	+0.013%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.20	−0.019%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.09	−0.048%	$1.5M	$158K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.07	−0.053%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	376.27	long leg	$41K	$21K	20x
Aevo TSLA-PERP	+0.0104%	1h	376.20	−0.018%	$745	—	10x	as long as short
Nado TSLA-PERP	+0.0136%	1h	376.17	−0.026%	$490K	$111K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.10	+0.221%	$78K	$36K	30x	as long as short
Bullet TSLA-USD	+0.0272%	1h	376.31	+0.011%	$5K	$92K	10x	as long as short
Phoenix TSLA	+0.0277%	1h	376.29	+0.005%	$1.3M	$547K	20x	as long as short
Hotstuff TSLA-PERP	+0.0360%	1h	376.10	−0.045%	$34K	—	20x	as long as short