Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h −0.017%

Price spread now: QFEX against Orderly−0.053%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$2 a day on $10k at the current rate, and QFEX is 0.053% cheaper against Orderly than usual: you would sell low and buy high (−$5 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	377.63	0.0100	pay 0.0100% / 8h	6h 35m	$41K	$20K	20x
Short	QFEX TSLA-USD	377.43	0.0023	get 0.0003% / 1h	35m 53s	$1.3M	$6.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$16.16
Price spread: −0.053% → 0.000%: −$5.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$37.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 3 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 QFEX live order book, 3 min ago	1.46 bp	6.5 bp −$6	6.9 bp −$69	12.6 bp −$1,259	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	−0.137%	$398K	$1.0M	10x	as long as short
Hotstuff TSLA-PERP	−0.0064%	1h	377.26	−0.098%	$34K	—	20x	as long as short
BloFin TSLA-USDT	−0.0027%	8h	376.98	−0.172%	$576K	$341K	20x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	377.44	−0.050%	$513K	$329K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	377.48	−0.039%	$578K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	377.51	−0.033%	$480K	$10.3M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	377.48	−0.040%	$47.3M	$110.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	377.56	−0.019%	$10.3M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	377.47	−0.042%	$11.2M	$16.7M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	377.51	−0.032%	$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	377.58	−0.013%	$2.3M	$3.8M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	377.49	−0.037%	$16.9M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	377.59	−0.012%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	377.40	−0.061%	$200K	$907K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	377.61	−0.006%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.49	−0.037%	$20K	$187K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	377.62	−0.003%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	377.15	−0.127%	$38K	$45K	10x	as long as short
QFEX TSLA-USDshort	+0.0023%	1h	377.43	−0.053%	$1.3M	$6.7M	10x
Lighter TSLA	+0.0032%	1h	377.59	−0.011%	$825K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	377.60	−0.008%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	377.18	−0.119%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	377.61	−0.005%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0047%	1h	377.33	−0.079%	$44.4M	$14.0M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0048%	8h	377.31	−0.084%	$849K	$2.8M	10x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.34	−0.077%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	377.55	−0.021%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.38	−0.066%	$1.5M	$1.1M	10x	as long as short
Nado TSLA-PERP	+0.0084%	1h	377.44	−0.050%	$491K	$112K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.46	−0.045%	$391K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.18	−0.119%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.12	−0.135%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	377.63	long leg	$41K	$20K	20x
Aevo TSLA-PERP	+0.0104%	1h	377.51	−0.032%	$747	—	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	378.19	+0.148%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	377.47	−0.042%	$1.3M	$539K	20x	as long as short