Funding you earn now, next payment 16:00 UTC+0.0399%/8h= +43.7% APRnext payment +$3.99 per $10,000 · paid last 24h +0.052%
Price spread now: Binance against Bitget−0.005%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1651.646% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.005%, 7d avg +0.020%
=Funding pays, the price is against you. Binance is 0.025% cheaper against Bitget than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.020%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.088% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.99 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 | Bitget TTWOUSDT | 211.17 | 0 | get 0.0000% / 8h | 4h 51m | $890K | $91K | 20x |
| Short | Binance TTWOUSDT | 211.16 | 0.0399 | get 0.0399% / 8h | 4h 51m | $2.3M | $1.0M | 25x |
Bitget TTWOUSDT
Binance TTWOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $83.84
- Price spread: −0.005% → +0.020%
- −$2.49
- Slippage, 4 orders
- −$142.61
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$83.26
- Costs to cover
- 1.646%
- Break-even
- 14.0 days
Slippage from Bitget: live order book, 52 min ago; Binance: live order book, 6 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 Bitget live order book, 52 min ago | 9.48 bp | 29.6 bp −$30 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.32 bp | 18.6 bp −$19 | 100.6 bp −$1,006 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TTWO-USDT-SWAP | 0.0000% | 8h | 211.37 | +0.095% | $327K | $72K | 25x | as long as short |
| Gate TTWO_USDT | 0.0000% | 8h | 211.00 | −0.081% | $716K | $11K | 20x | as long as short |
| Bitget TTWOUSDTlong | 0.0000% | 8h | 211.17 | long leg | $890K | $91K | 20x | |
| Lighter TTWO | +0.0032% | 1h | 210.62 | −0.260% | — | — | 5x | as long as short |
| Extended TTWO-USD | +0.0040% | 1h | 210.77 | −0.189% | $75K | $998 | 10x | as long as short |
| QFEX TTWO-USD | +0.0080% | 1h | 210.94 | −0.109% | $1.2M | $2.5M | 10x | as long as short |
| KuCoin TTWOUSDTM | +0.0100% | 8h | 210.85 | −0.152% | $96K | $1.0M | 20x | as long as short |
| HTX TTWO-USDT | +0.0100% | 8h | 210.88 | −0.137% | $3K | $39K | 10x | as long as short |
| Ondo Perps TTWO-USD.P | +0.0118% | 1h | 210.66 | −0.242% | $331K | $188K | 10x | as long as short |
| Bybit TTWOUSDT | +0.0122% | 8h | 211.42 | +0.118% | $1.8M | $429K | 25x | as long as short |
OKX TTWO-USDT-SWAP
Gate TTWO_USDT
Lighter TTWO
Extended TTWO-USD
QFEX TTWO-USD
KuCoin TTWOUSDTM
HTX TTWO-USDT
Ondo Perps TTWO-USD.P
Bybit TTWOUSDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:TTWO | +0.0253% | 1h | 210.63 | −0.256% | $1.1M | $154K | 10x | as long as short |
| Variational Omni TTWO | +0.0262% | 8h | 211.06 | −0.050% | $79K | $58K | — | as long as short |
| Binance TTWOUSDTshort | +0.0399% | 8h | 211.16 | −0.005% | $2.3M | $1.0M | 25x |
Paragon para:TTWO
Variational Omni TTWO