Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0049%/8hnext payment +$0.06 per $10,000 · paid last 24h −0.004%

Price spread now: Nado against Ondo Perps−0.035%7-day average +0.063% · you buy dearer than you sell

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

Long on Ondo Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.359%−$36 · spread now −0.035%, 7d avg +0.063%

Together, before fees−0.441%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board−$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.097% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.063%). If the spread goes back, that is −$10 on $10k: about 6.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps TSLA-USD.P	374.88	0.0050	pay 0.0006% / 1h	1m 55s	$1.6M	$964K	10x
Short	Nado TSLA-PERP	374.75	0.0099	get 0.0012% / 1h	1m 55s	$484K	$90K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee NadobpOrdersPrice spread, now −0.035%Rate

Funding earned: $10.24
Price spread: −0.035% → +0.063%: −$9.7
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$11.46
Costs to cover: 0.120%
Break-even: 14.8 days

Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 30 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Nado live order book, 30 min ago	4.00 bp	7.8 bp −$8	13.1 bp −$131	doesn't fit	doesn't fit

Ondo Perps: 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	−0.0729%	4h	374.27	−0.163%	$395K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.28	+0.108%	$594K	$181K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.84	+0.256%	$447K	$10.6M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.87	+0.264%	$47.0M	$108.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.96	+0.288%	$10.2M	$15.6M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.82	+0.251%	$11.3M	$16.6M	25x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	374.87	−0.003%	$34K	—	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.84	+0.256%	$2.3M	$4.2M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.82	+0.251%	$16.8M	$21.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	374.13	−0.199%	$1.7M	$1.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	374.68	−0.053%	$199K	$897K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.37	+0.131%	$1.1M	$13K	10x	as long as short
BloFin TSLA-USDT	+0.0021%	8h	374.79	−0.024%	$584K	$341K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.50	+0.165%	$1.3M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0044%	1h	375.09	+0.056%	$1.2M	$6.9M	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	374.92	+0.011%	—	$133K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.61	+0.195%	$43.9M	$14.2M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	374.93	+0.013%	$296K	$283K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.41	+0.141%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.Plong	+0.0050%	1h	374.88	long leg	$1.6M	$964K	10x
RISEx TSLA/USDC	+0.0067%	1h	375.15	+0.073%	$177K	$511K	20x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0072%	1h	373.93	−0.253%	$528K	$328K	10x	as long as short
Nado TSLA-PERPshort	+0.0099%	1h	374.75	−0.035%	$484K	$90K	20x
Pacifica TSLA	+0.0100%	1h	374.82	−0.016%	$388K	$27K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.52	+0.171%	$1.4M	$155K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	373.95	−0.248%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.43	+0.147%	$41K	$20K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	375.35	+0.125%	$743	—	10x	as long as short
Bullet TSLA-USD	+0.0106%	1h	375.28	+0.106%	$5K	$90K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0123%	1h	375.27	+0.104%	$20K	$185K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0142%	1h	374.41	−0.125%	$38K	$51K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	375.59	+0.189%	$78K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0228%	8h	374.14	−0.197%	$841K	$3.1M	10x	as long as short
Lighter TSLA	+0.0248%	1h	375.61	+0.195%	$1.1M	$3.9M	20x	as long as short
Phoenix TSLA	+0.0298%	1h	374.21	−0.179%	$1.3M	$213K	20x	as long as short
Arcus TSLA-USD	+0.0364%	1h	374.96	+0.021%	$153K	$85K	10x	as long as short