Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against Orderly+0.013%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Phemex

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSLA_USDC	377.37	0.0100	pay 0.0100% / 8h	6h 35m	$41K	$20K	20x
Short	Phemex TSLAUSDT	377.42	0	get 0.0000% / 4h	2h 35m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$21
Price spread: +0.013% → 0.000%: $1.32
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$37.68
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 2 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 Phemex live order book, 2 min ago	0.13 bp	29.5 bp −$29	doesn't fit	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	−0.0700%	4h	377.11	−0.068%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0032%	1h	377.05	−0.085%	$34K	—	20x	as long as short
BloFin TSLA-USDT	−0.0027%	8h	376.98	−0.103%	$576K	$341K	20x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.44	+0.019%	$513K	$329K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.31	−0.017%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.28	−0.023%	$481K	$10.2M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.38	+0.003%	$47.3M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.45	+0.021%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.29	−0.021%	$11.2M	$16.7M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.40	+0.009%	$292K	$598K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TSLA_USDT	0.0000%	8h	377.42	+0.013%	$2.3M	$3.8M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.32	−0.013%	$16.9M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.59	+0.057%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.47	+0.026%	$200K	$908K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.38	+0.001%	$6K	$93K	10x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	377.42	+0.013%	$1.1M	$14K	10x
Aftermath Perps TSLAUSD	+0.0009%	1h	377.23	−0.037%	$38K	$45K	10x	as long as short
QFEX TSLA-USD	+0.0023%	1h	377.28	−0.024%	$1.2M	$6.7M	10x	as long as short
Lighter TSLA	+0.0032%	1h	377.31	−0.016%	$824K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.32	−0.013%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.24	−0.034%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.42	+0.013%	—	$130K	25x	as long as short
GRVT TSLA_USDT_Perp	+0.0048%	8h	377.31	−0.015%	$849K	$2.8M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0048%	1h	377.13	−0.064%	$44.4M	$14.0M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.13	−0.064%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.27	−0.026%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.38	+0.003%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0087%	1h	377.20	−0.046%	$491K	$112K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0095%	1h	377.27	−0.026%	$20K	$187K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	377.33	−0.012%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.96	−0.109%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.54	+0.045%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	377.37	long leg	$41K	$20K	20x
Aevo TSLA-PERP	+0.0104%	1h	377.26	−0.029%	$747	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.50	+0.299%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.47	+0.026%	$1.3M	$539K	20x	as long as short