Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: tradeXYZ against Orderly−0.035%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.035% cheaper against Orderly than usual: you would sell low and buy high (−$3 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	375.50	0.0100	pay 0.0100% / 8h	1h 38m	$41K	$23K	20x
Short	tradeXYZ xyz:TSLA	375.37	0.0050	get 0.0006% / 1h	38m 12s	$44.5M	$14.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$10.5
Price spread: −0.035% → 0.000%: −$3.46
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$37.96
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago	0.27 bp	9.4 bp −$9	11.3 bp −$113	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	−0.0498%	4h	375.76	+0.068%	$397K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.66	+0.042%	$574K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.61	+0.028%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	375.69	+0.052%	$47.1M	$113.5M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	375.67	+0.045%	$10.2M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.63	+0.035%	$11.2M	$16.9M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	375.74	+0.064%	$2.3M	$3.5M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.61	+0.029%	$17.1M	$22.9M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	375.77	+0.072%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	375.77	+0.072%	$199K	$918K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	375.71	+0.056%	$1.1M	$14K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0024%	1h	375.62	+0.032%	$38K	$39K	10x	as long as short
Hotstuff TSLA-PERP	+0.0024%	1h	375.40	−0.027%	$34K	—	20x	as long as short
BloFin TSLA-USDT	+0.0027%	8h	375.79	+0.077%	$578K	$355K	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.58	+0.021%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.65	+0.040%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.59	+0.024%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLAshort	+0.0050%	1h	375.37	−0.035%	$44.5M	$14.8M	20x
Polymarket Perps TSLA-USD	+0.0050%	1h	375.58	+0.021%	$300K	$304K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.59	+0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.41	−0.024%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	375.71	+0.056%	$1.2M	$6.2M	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.64	+0.037%	$389K	$36K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.49	−0.003%	$1.4M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	375.53	+0.008%	$4K	$61K	50x	as long as short
Orderly PERP_TSLA_USDClong	+0.0100%	8h	375.50	long leg	$41K	$23K	20x
Aevo TSLA-PERP	+0.0104%	1h	375.64	+0.036%	$744	—	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0136%	1h	376.33	+0.221%	$506K	$349K	10x	as long as short
RISEx TSLA/USDC	+0.0138%	1h	375.76	+0.070%	$214K	$643K	20x	as long as short
Lighter TSLA	+0.0144%	1h	375.62	+0.032%	$820K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0195%	8h	375.82	+0.086%	$846K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0217%	1h	375.70	+0.052%	$5K	$91K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	380.07	+1.217%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0291%	1h	375.45	−0.013%	$488K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	375.99	+0.130%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0389%	1h	375.61	+0.029%	$18K	$194K	10x	as long as short