Cool ! I’ve seen Glowlight Tetra’s do that before and I have no idea what’s going on . It seems like a couple tomcats that are content to have a Mexican standoff and not actually fight .
I put $5.00 on the little one with the orange line
Most tetras aren't aggressive when displaying to each other (it's all show). It's much more civilised than some of the cichlids that rip each other apart. Most male rainbowfish do a similar thing and will show off to each other and all the girls in the tank but never do any damage to the other fish.