Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.021%

Price spread now: Ondo Perps against Gate−0.090%7-day average −0.042% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.090%, 7d avg −0.042%

Together, before fees+0.018%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.048% cheaper against Gate than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.042%). If the spread goes back, that is −$5 on $10k: about 3.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TTWO_USDT	210.30	0	get 0.0000% / 8h	7h 44m	$714K	$12K	20x
Short	Ondo Perps TTWO-USD.P	210.11	0.0050	get 0.0006% / 1h	44m 17s	$330K	$192K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee Ondo PerpsbpOrdersPrice spread, now −0.090%Rate

Funding earned: $10.58
Price spread: −0.090% → −0.042%: −$4.79
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$14.21
Costs to cover: 0.200%
Break-even: 16.4 days

Slippage unknown: Gate: live order book, 52 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 Gate live order book, 52 min ago	14.24 bp	87.1 bp −$87	doesn't fit	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 TTWOUSDT	0.0000%	8h	210.44	+0.067%	$2.3M	$1.0M	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.61	+0.147%	$326K	$78K	25x	as long as short
Gate TTWO_USDTlong	0.0000%	8h	210.30	long leg	$714K	$12K	20x
Bitget TTWOUSDT	0.0000%	8h	210.54	+0.114%	$894K	$87K	20x	as long as short
Variational Omni TTWO	0.0000%	8h	210.46	+0.074%	$81K	$56K	—	as long as short
Lighter TTWO	+0.0032%	1h	210.30	0.000%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	210.10	−0.095%	$75K	$2K	10x	as long as short
Ondo Perps TTWO-USD.Pshort	+0.0050%	1h	210.11	−0.090%	$330K	$192K	10x
QFEX TTWO-USD	+0.0055%	1h	210.51	+0.100%	$1.2M	$2.7M	10x	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	210.40	+0.048%	$94K	$984K	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	210.49	+0.090%	$3K	$39K	10x	as long as short
Bybit TTWOUSDT	+0.0714%	8h	210.55	+0.119%	$1.8M	$212K	25x	as long as short
Paragon para:TTWO	+4.5159%	1h	210.80	+0.238%	$1.1M	$156K	10x	as long as short