Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Orderly against SoDEX+0.043%56s7-day average — · you sell dearer than you buy

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

Long on SoDEX 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.043% dearer against SoDEX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	SoDEX TSLA-USD	375.30	0.0050	pay 0.0006% / 1h	34m 22s	$4K	$3K	10x
Short	Orderly PERP_TSLA_USDC	375.46	0.0100	get 0.0100% / 8h	7h 34m	$41K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SoDEX. 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 SoDEXbpFee OrderlybpOrdersPrice spread, now +0.043%Rate

Funding earned: $10.5
Price spread: +0.043% → 0.000%: $4.26
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.76
Costs to cover: 0.140%
Break-even: 6.5 days

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

SoDEX and 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	−0.0761%	4h	375.83	+0.142%	$397K	$1.0M	10x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.54	+0.064%	$10.1M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.72	+0.112%	$11.2M	$16.7M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.36	+0.016%	$2.3M	$3.3M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.38	+0.021%	$17.3M	$23.0M	100x	as long as short
StandX TSLA-USD	0.0000%	1h	375.43	+0.035%	$199K	$934K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	375.54	+0.064%	$18K	$191K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.42	+0.032%	$1.1M	$14K	10x	as long as short
Aster TSLAUSDT	+0.0007%	8h	375.56	+0.069%	$573K	$200K	50x	as long as short
Aftermath Perps TSLAUSD	+0.0030%	1h	375.52	+0.057%	$38K	$35K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSLA	+0.0032%	1h	375.34	+0.011%	$803K	$3.7M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.32	+0.005%	$1.2M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.21	−0.024%	$134K	$107K	10x	as long as short
Variational Omni TSLA	+0.0042%	8h	375.42	+0.033%	$1.8M	$1.3M	—	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.42	+0.032%	—	$126K	25x	as long as short
QFEX TSLA-USD	+0.0048%	1h	375.40	+0.027%	$1.2M	$6.2M	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.13	−0.045%	$44.5M	$14.7M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.15	−0.040%	$300K	$161K	10x	as long as short
SoDEX TSLA-USDlong	+0.0050%	1h	375.30	long leg	$4K	$3K	10x
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.45	+0.040%	$1.6M	$1.1M	10x	as long as short
Bullet TSLA-USD	+0.0063%	1h	375.40	+0.027%	$5K	$92K	10x	as long as short
Binance TSLAUSDT	+0.0066%	8h	375.50	+0.053%	$47.1M	$114.6M	25x	as long as short
Extended TSLA_24_5-USD	+0.0072%	1h	375.28	−0.005%	$481K	$2.7M	10x	as long as short
BloFin TSLA-USDT	+0.0091%	8h	375.48	+0.048%	$580K	$358K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0099%	8h	375.91	+0.162%	$850K	$2.9M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.18	−0.032%	$388K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.39	+0.024%	$1.5M	$2.3M	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.45	+0.040%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	375.46	+0.043%	$41K	$23K	20x
Aevo TSLA-PERP	+0.0104%	1h	375.49	+0.050%	$743	—	10x	as long as short
Hotstuff TSLA-PERP	+0.0120%	1h	375.34	+0.011%	$34K	—	20x	as long as short
Nado TSLA-PERP	+0.0159%	1h	375.65	+0.093%	$497K	$116K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0160%	1h	375.49	+0.051%	$506K	$352K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.64	+1.156%	$79K	$37K	30x	as long as short
RISEx TSLA/USDC	+0.0290%	1h	375.42	+0.032%	$214K	$654K	20x	as long as short
Phoenix TSLA	+0.0404%	1h	375.66	+0.096%	$1.3M	$507K	20x	as long as short