Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.013%

Price spread now: Lighter against Orderly+0.016%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSLA_USDC	376.75	0.0100	pay 0.0100% / 8h	6h 57m	$41K	$20K	20x
Short	Lighter TSLA	376.81	0.0032	get 0.0004% / 1h	57m 38s	$829K	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$14.28
Price spread: +0.016% → 0.000%: $1.59
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.69
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 5 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 Lighter live order book, 5 min ago	0.13 bp	0.1 bp $0	1.4 bp −$14	68.1 bp −$6,807	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	−0.0868%	4h	376.68	−0.020%	$398K	$1.0M	10x	as long as short
Coinbase International TSLA-PERP-INTX	−0.0016%	1h	375.11	−0.435%	$529K	$307K	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.74	−0.003%	$577K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.64	−0.029%	$479K	$10.8M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.75	+0.001%	$47.1M	$109.6M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.76	+0.003%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.68	−0.019%	$11.2M	$16.6M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.81	+0.017%	$292K	$598K	20x	as long as short
Hotstuff TSLA-PERP	0.0000%	1h	376.48	−0.072%	$34K	—	20x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.70	−0.013%	$2.3M	$3.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TSLAUSDT	0.0000%	8h	376.69	−0.016%	$16.9M	$22.7M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.87	+0.032%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.84	+0.024%	$200K	$905K	20x	as long as short
Bullet TSLA-USD	0.0000%	1h	376.79	+0.011%	$6K	$93K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.68	−0.019%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.68	−0.019%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.67	−0.021%	$38K	$46K	10x	as long as short
BloFin TSLA-USDT	+0.0026%	8h	376.75	0.000%	$573K	$340K	20x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.59	−0.042%	$1.2M	$6.9M	10x	as long as short
Lighter TSLAshort	+0.0032%	1h	376.81	+0.016%	$829K	$3.5M	20x
Lighter RH TSLA	+0.0032%	1h	376.82	+0.019%	$1.2M	$2.6M	20x	as long as short
tradeXYZ xyz:TSLA	+0.0036%	1h	376.56	−0.050%	$44.3M	$14.2M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.70	−0.013%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.84	+0.024%	—	$133K	25x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.57	−0.048%	$301K	$310K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.65	−0.027%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.74	−0.003%	$1.5M	$1.1M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	376.62	−0.035%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.50	−0.066%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.60	−0.040%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	376.75	long leg	$41K	$20K	20x
Aevo TSLA-PERP	+0.0104%	1h	376.72	−0.007%	$746	—	10x	as long as short
Nado TSLA-PERP	+0.0116%	1h	376.67	−0.023%	$490K	$112K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0201%	8h	377.05	+0.080%	$851K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.21	+0.122%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0277%	1h	377.02	+0.072%	$1.3M	$535K	20x	as long as short