Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.017%

Price spread now: Orderly against QFEX−0.063%46s7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Orderly

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—needs both histories

Funding pays, the price is against you. Orderly is 0.063% cheaper against QFEX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.3 days of funding at the current rate (+$1 a day). The two prices were read 46 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	QFEX TSLA-USD	378.14	0.0051	pay 0.0006% / 1h	26m 38s	$1.2M	$6.3M	10x
Short	Orderly PERP_TSLA_USDC	377.90	0.0100	get 0.0100% / 8h	5h 26m	$41K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against QFEX. 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 QFEXbpFee OrderlybpOrdersPrice spread, now −0.063%Rate

Funding earned: $10.28
Price spread: −0.063% → 0.000%: −$6.35
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.07
Costs to cover: 0.160%
Break-even: 15.2 days

Slippage unknown: QFEX: live order book, 10 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 QFEX live order book, 10 min ago	1.46 bp	6.5 bp −$6	7.4 bp −$74	11.8 bp −$1,182	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 exchanges

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	377.85	−0.077%	$34K	—	20x	as long as short
edgeX TSLAUSDC	−0.0528%	4h	378.10	−0.011%	$399K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	378.25	+0.029%	$10.2M	$14.2M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	378.20	+0.016%	$11.3M	$15.6M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	378.21	+0.019%	$2.3M	$3.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	378.22	+0.021%	$17.3M	$24.2M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	377.94	−0.053%	$201K	$985K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	377.93	−0.056%	$18K	$189K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	378.23	+0.024%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0023%	1h	377.95	−0.051%	$38K	$36K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSLA	+0.0032%	1h	378.15	+0.003%	$1.2M	$2.5M	20x	as long as short
Injective TSLA/USDC PERP	+0.0033%	1h	377.45	−0.182%	$74K	$41K	30x	as long as short
Arcus TSLA-USD	+0.0044%	1h	378.02	−0.032%	$133K	$85K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	378.09	−0.013%	—	$126K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	377.95	−0.050%	$44.8M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	377.92	−0.058%	$301K	$134K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	378.07	−0.019%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	377.92	−0.058%	$1.5M	$1.2M	10x	as long as short
QFEX TSLA-USDlong	+0.0051%	1h	378.14	long leg	$1.2M	$6.3M	10x
Lighter TSLA	+0.0080%	1h	378.16	+0.005%	$809K	$3.6M	20x	as long as short
Pacifica TSLA	+0.0100%	1h	377.91	−0.061%	$392K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	377.87	−0.071%	$1.4M	$4.1M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	377.92	−0.058%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	377.90	−0.063%	$41K	$23K	20x
Aevo TSLA-PERP	+0.0104%	1h	378.04	−0.027%	$749	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0112%	1h	377.89	−0.066%	$519K	$384K	10x	as long as short
Aster TSLAUSDT	+0.0121%	8h	378.31	+0.046%	$576K	$200K	50x	as long as short
Variational Omni TSLA	+0.0146%	8h	377.99	−0.041%	$1.7M	$1.5M	—	as long as short
Bullet TSLA-USD	+0.0146%	1h	378.17	+0.009%	$5K	$94K	10x	as long as short
BloFin TSLA-USDT	+0.0170%	8h	378.22	+0.021%	$590K	$375K	20x	as long as short
Extended TSLA_24_5-USD	+0.0176%	1h	378.10	−0.010%	$486K	$2.7M	10x	as long as short
Binance TSLAUSDT	+0.0176%	8h	378.24	+0.025%	$47.5M	$115.1M	25x	as long as short
Nado TSLA-PERP	+0.0186%	1h	377.94	−0.054%	$501K	$99K	20x	as long as short
RISEx TSLA/USDC	+0.0351%	1h	378.21	+0.019%	$229K	$634K	20x	as long as short
Phoenix TSLA	+0.0360%	1h	378.21	+0.019%	$1.3M	$484K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0421%	8h	378.13	−0.003%	$847K	$2.9M	10x	as long as short