qTesla Perp (TSLA/USDT)
(24h)BTC price is locked on entry.Deposit via Lightning or on-chain
Deposit sats in seconds, keep them as sats.
Trade Tesla stock without selling your bitcoin.
Long or Short TSLA/USDT with up to 20x leverage. Margin and P/L in sats, at a BTC rate locked when you place your order.
- TSLA/USDT
- Quanto perpetual
- 24/7
- Funding every 8h
- Up to 20x
- Payoff (Long)
- P/L (sats) = quantity x (exit - entry) / BTC rate at placement x 100,000,000
- Quantity unit
- Share
- Leverage
- 1–20x
- Min order
- 0.01 shares
- Max order
- 10 shares
- Max per account
- 500 shares
- Maintenance margin
- The worst-case open + close fees
- Funding
- Every 8h (00 / 08 / 16 UTC), paid or earned
- Quanto adjustment
- Every 8h (00 / 08 / 16 UTC), paid or earned
- Orders
- Market / Limit / Takeprofit / Stoploss / Trailing stop
- Price reference
- LNM Tesla Perp Index
About qTesla Perp
What is qTesla Perp?
qTesla Perp is a perpetual on Tesla stock, quoted in USDT, margined and settled in sats. It has no expiry date: you go long or short on the price of Tesla stock with leverage, and a funding payment exchanged every 8 hours keeps the contract anchored to the LNM Tesla Perp Index.
Trade Tesla stock without selling your bitcoin
The BTC/USDT rate is locked when you place your order and never revisited. Your P/L is Tesla stock’s move, converted at that one rate: bitcoin can double or halve while your position is open and the number of sats you make or lose does not change. You never hold dollars, a stablecoin or a token.
What is the quanto adjustment?
Locking the rate has a market price. Every 8 hours a small adjustment, derived from Tesla stock’s correlation with bitcoin and both volatilities, is deducted from or added to your margin. The rate is set on the 1st of each month and fixed for the month, and the current value is shown in the app before you trade.
Automate your strategy with the LN Markets API.
Open, close and monitor positions programmatically. REST and WebSocket, with official SDKs and Lightning-native auth.
POST /v3/perp/isolated/trade
{
"instrument": "quanto_perp",
"pair": "tsla_usdt",
"type": "market",
"side": "buy",
"leverage": 10,
"quantity": 1
}qTesla Perp price history
| Period | Price | Change |
|---|---|---|
| Today | ||
| 24 hours ago | ||
| 1 week ago | ||
| 1 month ago | ||
| 1 year ago |
Explore more markets
Start trading in minutes
2 steps from sign up to your first trade. No lengthy forms to get started.
- 01Create your accountEmail address, Lightning wallet, Google or Apple auth.
- 02Deposit and tradeChoose a method to deposit and trade in seconds.
What is qTesla Perp?
qTesla Perp (TSLA/USDT) is a perpetual on Tesla stock, quoted in USDT, margined and settled in sats. You go long or short on Tesla stock with up to 20x leverage, at a BTC/USDT rate locked when you place your order, so your P/L in sats depends only on Tesla stock.
Does the bitcoin price affect my P/L?
No. The BTC/USDT rate is recorded when your order fills and never changes for the life of the trade. Tesla stock up 1% gives the same number of sats whether bitcoin is at $60k or $120k. A bitcoin crash cannot liquidate you, and a bitcoin rally does not help you.
How is my profit and loss calculated?
P/L in sats = quantity × (exit price − entry price) ÷ locked BTC rate × 100,000,000. Example: long 1 share at $400, close at $420, BTC locked at $100,000: 1 × 20 ÷ 100,000 × 100,000,000 = 20,000 sats. For a short, swap entry and exit.
How much leverage can I use?
From 1x to 20x, set per trade. Quantity in shares, minimum order 0.01 shares, maximum order 10 shares, maximum per account 500 shares for the beta. Margin is in sats: quantity × entry price ÷ locked BTC rate ÷ leverage. Positions are isolated: each trade has its own margin, and a loss can never exceed it.
What happens if my position gets liquidated?
Liquidation is set on the price of Tesla stock, not of bitcoin: entry × (1 − 1/leverage) for a long, entry × (1 + 1/leverage) for a short. When Tesla stock trades through it, the trade closes at that price and the margin is lost. The closing fee is paid from the maintenance margin reserved at open, so the loss is capped at the margin. You can add margin to a running trade to move the liquidation price further away.
What is the funding rate and who pays it?
Funding keeps the perp price close to Tesla stock’s price. Every 8 hours (00:00, 08:00, and 16:00 UTC) longs pay shorts or shorts pay longs, depending on its sign. The rate is the reference market’s own rate, passed through 1:1 with nothing added. The current rate and the last settlements are shown on the Rates tab.
What is the quanto adjustment?
It is the cost of keeping your BTC rate locked while Tesla stock moves. It is computed from the correlation between Tesla stock and bitcoin and their volatilities, quoted per day and settled every 8 hours with funding. The rate is set on the 1st of each month and fixed for the month: higher correlation or higher volatility raises it, calmer markets lower it. The current rate is shown on the Rates tab. Like funding it is paid or earned depending on your side: when Tesla stock and bitcoin move together, longs pay and shorts earn.
What are the trading fees?
Opening and closing fees are a percentage of the position’s value, 0.10% at tier 0 and lower with volume, charged in sats at your locked BTC rate. The closing fee is reserved at open as maintenance margin and refunded if your actual tier is lower. No fee on cancelled orders.
Can I set a stop loss and a take profit?
Yes. Market and limit orders, take profit, stop loss and trailing stop, all on the price of Tesla stock. You can set them when you open the trade or later from the blotter. Triggers use the traded price of the reference market.
Does qTesla Perp trade outside market hours?
Yes, 24/7. The stock’s exchange session runs from 9:30 to 16:00 New York time on weekdays. Outside it, the price follows the reference perpetual, which reacts to news before the exchange reopens, and spreads are wider. Liquidations stay live at the traded price during those hours and are not adjusted at the reopen.
Do I own Tesla stock when I buy qTesla Perp?
No. qTesla Perp is a derivative: you get Tesla stock’s price performance in sats, without holding shares. No dividends, no voting rights. On the stock’s ex-dividend date, an ex-dividend adjustment is credited to longs and debited to shorts, offsetting the price drop.
Is there an API?
Yes. qTesla Perp is available through the same REST and WebSocket API as the Bitcoin perp, keyed by instrument and pair (quanto_perp, tsla_usdt). Same order types, same keys, same scopes.
