Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.085%

Price spread now: Hotstuff against Orderly−0.056%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 Hotstuff

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Hotstuff is 0.056% cheaper against Orderly than usual: you would sell low and buy high (−$6 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	376.64	0.0100	pay 0.0100% / 8h	4h 40m	$41K	$23K	20x
Short	Hotstuff TSLA-PERP	376.43	0.0088	get 0.0011% / 1h	40m 11s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$2.52
Price spread: −0.056% → 0.000%: −$5.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$19.1
Costs to cover: 0.110%
Break-even: never at this rate

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

Orderly and Hotstuff: 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	−0.0268%	4h	376.63	−0.002%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0013%	8h	376.72	+0.021%	$576K	$353K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.74	+0.025%	$577K	$196K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.56	−0.022%	$480K	$4.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.66	+0.005%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.73	+0.024%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.64	0.000%	$11.2M	$16.9M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.75	+0.028%	$290K	$587K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.62	−0.005%	$17.0M	$23.1M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.64	−0.001%	$1.9M	$1.4M	—	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	376.70	+0.016%	$200K	$906K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.64	0.000%	$20K	$188K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.67	+0.008%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0017%	1h	376.46	−0.048%	$38K	$42K	10x	as long as short
Lighter TSLA	+0.0032%	1h	376.65	+0.003%	$817K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.66	+0.005%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USD	+0.0038%	1h	376.64	0.000%	$1.2M	$6.5M	10x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.32	−0.085%	$162K	$96K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.73	+0.024%	—	$130K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.39	−0.066%	$44.3M	$14.3M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.44	−0.053%	$301K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.60	−0.011%	$4K	$3K	10x	as long as short
Bullet TSLA-USD	+0.0050%	1h	376.72	+0.020%	$6K	$92K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.32	−0.085%	$1.6M	$1.1M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0056%	1h	376.45	−0.050%	$512K	$330K	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0072%	8h	376.64	0.000%	$843K	$2.8M	10x	as long as short
Hotstuff TSLA-PERPshort	+0.0088%	1h	376.43	−0.056%	$34K	—	20x
Pacifica TSLA	+0.0100%	1h	376.57	−0.019%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.62	−0.005%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.44	−0.053%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	376.64	long leg	$41K	$23K	20x
Gate TSLA_USDT	+0.0101%	8h	376.67	+0.008%	$2.3M	$3.6M	100x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.59	−0.013%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0151%	1h	376.64	−0.001%	$490K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.69	+0.279%	$79K	$36K	30x	as long as short
Phoenix TSLA	+0.0255%	1h	376.45	−0.050%	$1.3M	$539K	20x	as long as short