TSLAx — Tesla tokenized stock yield
TSLAx is the xStocks token that tracks Tesla on Solana, and it currently pays through 3 of the five channels this page tracks. The headline is the delta-neutral funding position — hold TSLAx spot, short the TSLA perp on Binance — paying +22.53%annualized after both venues' fees. Lending it on Jupiter Lend pays +1.00%. The TSLAx/USDC pool on Raydium earned +6.58% in fees over the last seven days on $2.06M of liquidity.
The funding leg
Earning on TSLA — without the price risk.
The position: buy TSLAx here (spot, in your own wallet), short the same size of TSLA perp on Binance. The stock's moves cancel between the two legs; what is left is the funding the short collects. Right now that nets +22.53%annualized after both venues' taker fees at a seven-day hold, and the round-trip fees are earned back in about 2.1d.
| Venue | Funding / period | 8h basis | Annualized | Open interest |
|---|---|---|---|---|
 Binancethe short leg | +0.0324%every 8h | +0.0324% | +35.4% | $16.12M |
 Aster | +0.0319%every 8h | +0.0319% | +35.0% | $431.94K |
 Variational | +0.0318%every 8h | +0.0318% | +34.8% | $1.48M |
 Bybit | +0.0259%every 8h | +0.0259% | +28.4% | $3.85M |
 Bitget | +0.0195%every 8h | +0.0195% | +21.4% | $9.34M |
 Nado | +0.0023%every 1h | +0.0181% | +19.8% | $727.24K |
 Orderly | +0.0100%every 8h | +0.0100% | +10.9% | $54.34K |
 Pacifica | +0.0013%every 1h | +0.0100% | +10.9% | $227.76K |
 Hyperliquid | +0.0012%every 1h | +0.0098% | +10.7% | $22.72M |
 Ondo | +0.0006%every 1h | +0.0050% | +5.5% | $575.92K |
 Polymarket | +0.0006%every 1h | +0.0050% | +5.5% | $11.82K |
 Vest | +0.0006%every 1h | +0.0046% | +5.0% | — |
 Lighter | +0.0004%every 1h | +0.0032% | +3.5% | $701.84K |
A positive rate means longs pay shorts — the delta-neutral position collects it. Rates are each venue's own funding period, restated on an 8-hour basis so they compare; funding is a floating rate and can flip before it has paid the fees back. Tesla reports earnings on Jul 22 (issuer-confirmed): funding on equity perps typically spikes around the date — and so does gap risk on the hedge. The full funding read on the underlying is on the TSLA coin page.
The lending shelf
Where TSLAx lends — and what it pays to sit there.
Deposit TSLAx into a lending market and it earns supply APY while staying withdrawable — and usable as collateral to borrow against. On Kamino, xStocks deposits also earn xPoints on top of the rate. Prefer the quote side? USDC supplied to the same xStocks market pays +3.81%.
| Market | Supply APY | Borrow APY | Max LTV | Supplied |
|---|---|---|---|---|
Jupiter Lend ↗borrow USDC against it | +1.00% | +4.98% | 65% | $884.32K |
Jupiter Lend ↗borrow JupUSD against it | +1.00% | +3.07% | 65% | $402.96K |
Kamino ↗xstocks market | +0.01% | +3.69% | 55% | $3.02M |
Supply rates float with utilization — a market where borrowing picks up pays more, then less. Lending is smart-contract risk on top of the token itself; the supplied column is the size already trusting each market.
The pools
LP fees on TSLAx — paid for holding both sides.
Provide TSLAxand the quote asset to a Raydium pool and every swap through it pays you its fee. The APR below is what the pool's fees actually earned, not a projection.
| Pool | TVL | Fee tier | APR 24h | APR 7d |
|---|---|---|---|---|
TSLAx/USDC ↗Raydium | $2.06M | 0.10% | +13.54% | +6.58% |
TSLAx/USDC ↗Raydium | $1.04M | 0.25% | +12.04% | +6.48% |
WSOL/TSLAx ↗Raydium | $76.67K | 0.25% | +44.17% | +13.67% |
LP is not a free yield: when TSLAx moves against the quote asset the pool rebalances against you (impermanent loss), and a fee APR earned on a thin pool can vanish when the volume does. TVL is the honest context for the rate next to it.
FAQ
TSLAx, answered
What yield does TSLAx pay right now?
Through 3 channels: delta-neutral funding at +22.53% net APR (short the perp on Binance); lending at +1.00% on Jupiter Lend; Raydium LP fees at +6.58% 7-day APR in TSLAx/USDC. Every number is live from the venue quoting it and refreshes with the page; the routes to act on each are one click away above.
What is TSLAx?
TSLAx is a tokenized stock from the xStocks program: an SPL token on Solana that tracks Tesla (TSLA), backed one-for-one by the underlying shares held by the issuer. It trades around the clock on Solana venues even when the stock market is closed, and dividends the underlying pays are reinvested as additional tokens rather than paid out. Its mint address is XsDoVfqeBukxuZHWhdvWHBhgEHjGNst4MLodqsJHzoB.
How does the delta-neutral yield on TSLA work?
Hold TSLAx spot and short the same size of TSLA perpetual on Binance. The two legs cancel the stock's price moves, so what remains is the funding rate the short side collects — currently +22.53% annualized net of both venues' taker fees at a seven-day hold, with the round-trip fees earned back in about 2.1d. Funding floats: it can compress or flip sign, which is why the venue table on this page shows every quote, not just the best one.
Where can I lend TSLAx, and what does it pay?
Jupiter Lend pays +1.00% supply APY on $884.32K already supplied; Kamino pays +0.01% supply APY on $3.02M already supplied. If you would rather lend the quote side, USDC in the same xStocks market pays +3.81%. Deposits stay withdrawable and can be used as collateral to borrow against.
When does Tesla report earnings next?
Jul 22 (2026-07-22) — an issuer-confirmed date, not an estimate. Earnings matter to every channel on this page: funding on equity perps typically spikes into the print, which fattens the delta-neutral yield, but the overnight gap the report can cause is exactly the risk the hedge cannot remove while the market is closed.
What are the risks of earning yield on TSLAx?
Each channel carries its own. The delta-neutral position hedges price but not a funding flip or a venue failure; lending and LP add smart-contract risk, and LP adds impermanent loss when TSLA moves against the quote asset; a Pendle fixed rate is only fixed when held to expiry. Underneath all of them sits the token itself: TSLAx is an issuer-backed wrapper, so you hold issuer and custody risk that a plain share does not have. Nothing on this page is investment advice — it is the live numbers, side by side.