Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0422%/8h= +46.2% APRpaid last 24h −0.022%

Price spread now: Deribit against Orderly+0.045%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 Deribit

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

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.045% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSLA_USDC	375.91	0.0100	pay 0.0100% / 8h	56m 48s	$41K	$23K	20x
Short	Deribit TSLA_USDC-PERPETUAL	376.08	0.0522	get 0.0065% / 1h	56m 48s	$18K	$194K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.045%Rate

Funding earned: $88.55
Price spread: +0.045% → 0.000%: $4.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $80.08
Costs to cover: 0.130%
Break-even: 0.7 days

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 47 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 Deribit live order book, 47 min ago	3.73 bp	7.2 bp −$7	8.4 bp −$84	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	−0.0281%	4h	376.00	+0.023%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.01	+0.028%	$574K	$200K	50x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.99	+0.021%	$10.2M	$15.3M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.94	+0.008%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.07	+0.043%	$2.3M	$3.4M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.95	+0.011%	$17.2M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.97	+0.016%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.08	+0.045%	$200K	$918K	20x	as long as short
Phemex TSLAUSDT	0.0000%	4h	375.99	+0.021%	$1.1M	$14K	10x	as long as short
Binance TSLAUSDT	+0.0030%	8h	376.06	+0.040%	$47.1M	$113.3M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps TSLAUSD	+0.0030%	1h	375.83	−0.023%	$38K	$38K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.98	+0.019%	$1.3M	$2.5M	20x	as long as short
Extended TSLA_24_5-USD	+0.0032%	1h	375.96	+0.014%	$480K	$2.8M	10x	as long as short
Hotstuff TSLA-PERP	+0.0032%	1h	375.75	−0.043%	$34K	—	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.83	−0.021%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.90	−0.003%	—	$119K	25x	as long as short
BloFin TSLA-USDT	+0.0048%	8h	376.03	+0.032%	$577K	$355K	20x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.77	−0.037%	$44.6M	$14.9M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.74	−0.045%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.96	+0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.65	−0.069%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0067%	1h	375.95	+0.011%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.66	−0.066%	$389K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.83	−0.021%	$1.5M	$334K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.66	−0.067%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	375.91	long leg	$41K	$23K	20x
Aevo TSLA-PERP	+0.0104%	1h	375.96	+0.014%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0176%	1h	375.69	−0.059%	$505K	$350K	10x	as long as short
Lighter TSLA	+0.0184%	1h	375.99	+0.021%	$821K	$3.7M	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	379.54	+0.966%	$79K	$36K	30x	as long as short
GRVT TSLA_USDT_Perp	+0.0245%	8h	376.09	+0.049%	$849K	$2.8M	10x	as long as short
RISEx TSLA/USDC	+0.0257%	1h	376.09	+0.048%	$214K	$643K	20x	as long as short
Bullet TSLA-USD	+0.0295%	1h	376.04	+0.035%	$6K	$90K	10x	as long as short
Nado TSLA-PERP	+0.0308%	1h	375.71	−0.053%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	376.10	+0.051%	$1.3M	$525K	20x	as long as short
Deribit TSLA_USDC-PERPETUALshort	+0.0522%	1h	376.08	+0.045%	$18K	$194K	10x