Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h −0.047%

Price spread now: Ondo Perps against Binance−0.140%7-day average −0.138% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.140%, 7d avg −0.138%

Together, before fees−0.056%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.138%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.169%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.169% in total (about -8.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TTWOUSDT	210.67	0	get 0.0000% / 8h	16m 06s	$2.3M	$966K	25x
Short	Ondo Perps TTWO-USD.P	210.37	0.0320	get 0.0040% / 1h	16m 06s	$328K	$207K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.140%Rate

Funding earned: $67.2
Price spread: −0.140% → −0.138%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $51.95
Costs to cover: 0.150%
Break-even: 1.6 days

Slippage unknown: Binance: live order book, 3 min ago; Ondo Perps: no order-book sample. 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 Binance live order book, 3 min ago	0.24 bp	6.2 bp −$6	71.6 bp −$716	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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.

TTWO on 13 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
Binance TTWOUSDTlong	0.0000%	8h	210.67	long leg	$2.3M	$966K	25x
Bybit TTWOUSDT	0.0000%	8h	210.63	−0.017%	$1.8M	$210K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.68	+0.007%	$326K	$81K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.50	−0.079%	$715K	$12K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.58	−0.041%	$895K	$93K	20x	as long as short
Variational Omni TTWO	0.0000%	8h	210.56	−0.052%	$81K	$56K	—	as long as short
QFEX TTWO-USD	+0.0024%	1h	210.62	−0.022%	$1.2M	$2.7M	10x	as long as short
Lighter TTWO	+0.0032%	1h	209.66	−0.477%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	209.89	−0.368%	$75K	$2K	10x	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	210.18	−0.231%	$93K	$981K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TTWO-USDT	+0.0100%	8h	210.68	+0.007%	$3K	$39K	10x	as long as short
Ondo Perps TTWO-USD.Pshort	+0.0320%	1h	210.37	−0.140%	$328K	$207K	10x
Paragon para:TTWO	+0.0886%	1h	210.41	−0.121%	$1.1M	$156K	10x	as long as short