TTWO

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0506%/8h= −55.4% APRnext payment −$5.06 per $10,000 · paid last 24h −0.044%

Price spread now: Bybit against Binance+0.065%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$2012.008% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.065%, 7d avg +0.047%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.06 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TTWOUSDT	211.72	0.0662	pay 0.0662% / 8h	3h 24m	$2.3M	$1.0M	25x
Short	Bybit TTWOUSDT	211.86	0.0157	get 0.0157% / 8h	3h 24m	$1.8M	$561K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$106.22
Price spread: +0.065% → +0.047%: $1.75
Slippage, 4 orders: −$179.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$305.31
Costs to cover: 2.008%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 5 min ago.

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 Binance live order book, 4 min ago	2.83 bp	13.3 bp −$13	69.6 bp −$696	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.54 bp	119.3 bp −$119	230.7 bp −$2,307	doesn't fit	doesn't fit

TTWO on 13 exchanges

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
Gate TTWO_USDT	0.0000%	8h	211.80	+0.036%	$719K	$6K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	211.65	−0.035%	$889K	$90K	20x	as long as short
Lighter TTWO	+0.0032%	1h	211.36	−0.171%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	211.54	−0.085%	$75K	$998	10x	as long as short
Ondo Perps TTWO-USD.P	+0.0050%	1h	211.43	−0.138%	$337K	$188K	10x	as long as short
QFEX TTWO-USD	+0.0061%	1h	211.61	−0.053%	$1.2M	$2.3M	10x	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	211.63	−0.044%	$97K	$1.0M	20x	as long as short
HTX TTWO-USDT	+0.0100%	8h	211.77	+0.022%	$3K	$39K	10x	as long as short
Bybit TTWOUSDTshort	+0.0157%	8h	211.86	+0.065%	$1.8M	$561K	25x
OKX TTWO-USDT-SWAP	+0.0235%	8h	211.77	+0.022%	$326K	$70K	25x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TTWO	+0.0558%	8h	211.77	+0.022%	$79K	$58K	—	as long as short
Binance TTWOUSDTlong	+0.0662%	8h	211.72	long leg	$2.3M	$1.0M	25x
Paragon para:TTWO	+0.0996%	1h	211.87	+0.067%	$1.1M	$137K	10x	as long as short