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: Hotstuff against Orderly−0.016%47s7-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 Hotstuff

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSLA_USDC	375.97	0.0100	pay 0.0100% / 8h	2h 46m	$41K	$23K	20x
Short	Hotstuff TSLA-PERP	375.91	0.0112	get 0.0014% / 1h	46m 25s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.016%Rate

Funding earned: $2.52
Price spread: −0.016% → 0.000%: −$1.6
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$10.08
Costs to cover: 0.110%
Break-even: 35.0 days

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

Orderly and Hotstuff: 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	−0.0899%	4h	376.13	+0.042%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.29	+0.085%	$576K	$198K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.12	+0.039%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.21	+0.063%	$47.0M	$112.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.17	+0.053%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.17	+0.053%	$11.2M	$16.9M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.20	+0.061%	$17.1M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.20	+0.061%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.26	+0.077%	$200K	$917K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.17	+0.053%	$1.1M	$14K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	+0.0016%	1h	376.11	+0.037%	$18K	$193K	10x	as long as short
BloFin TSLA-USDT	+0.0018%	8h	376.22	+0.066%	$577K	$353K	20x	as long as short
Aftermath Perps TSLAUSD	+0.0020%	1h	375.97	+0.001%	$38K	$40K	10x	as long as short
Gate TSLA_USDT	+0.0023%	8h	376.23	+0.069%	$2.3M	$3.5M	100x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.16	+0.051%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.91	−0.016%	$135K	$107K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.13	+0.043%	—	$128K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.88	−0.024%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.05	+0.021%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.13	+0.043%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.94	−0.008%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.20	+0.061%	$1.2M	$6.2M	10x	as long as short
RISEx TSLA/USDC	+0.0054%	1h	376.24	+0.072%	$289K	$580K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	375.97	0.000%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.01	+0.011%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.94	−0.008%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	375.97	long leg	$41K	$23K	20x
Aevo TSLA-PERP	+0.0104%	1h	376.14	+0.045%	$745	—	10x	as long as short
Hotstuff TSLA-PERPshort	+0.0112%	1h	375.91	−0.016%	$34K	—	20x
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	376.13	+0.043%	$511K	$337K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0141%	8h	376.33	+0.096%	$844K	$2.8M	10x	as long as short
Lighter TSLA	+0.0144%	1h	376.18	+0.056%	$836K	$3.6M	20x	as long as short
Bullet TSLA-USD	+0.0197%	1h	376.23	+0.068%	$4K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.15	+0.314%	$78K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0272%	1h	376.01	+0.011%	$489K	$112K	20x	as long as short
Phoenix TSLA	+0.0298%	1h	376.12	+0.040%	$1.3M	$528K	20x	as long as short