Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.019%

Price spread now: QFEX against KuCoin+0.191%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$1,147as in the Price arb table

costs, in and out, $10k−$1,16111.615% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.091%−$9 on $10k

Price spread, last 7 days−0.143%−$14 · spread now +0.191%, 7d avg +0.044%

Together, before fees−0.234%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.147% dearer against KuCoin than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of +0.044%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TTWOUSDTM	209.68	0.0100	pay 0.0100% / 8h	5h 02m	$93K	$1.0M	20x
Short	QFEX TTWO-USD	210.08	0.0005	get 0.0001% / 1h	2m 52s	$1.2M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$19.98
Price spread: +0.191% → +0.044%: $14.66
Slippage, 4 orders: −$1,139.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$1,166.77
Costs to cover: 11.615%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; QFEX: 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 KuCoin live order book, 2 min ago	10.25 bp	804.1 bp −$804	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.38 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit

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
Ondo Perps TTWO-USD.P	−0.0051%	1h	209.84	+0.076%	$332K	$203K	10x	as long as short
Bybit TTWOUSDT	0.0000%	8h	210.25	+0.272%	$1.8M	$214K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.21	+0.253%	$325K	$90K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.20	+0.248%	$714K	$13K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.03	+0.167%	$893K	$89K	20x	as long as short
QFEX TTWO-USDshort	+0.0005%	1h	210.08	+0.191%	$1.2M	$3.0M	10x
Lighter TTWO	+0.0032%	1h	209.66	−0.010%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	209.89	+0.100%	$75K	$2K	10x	as long as short
KuCoin TTWOUSDTMlong	+0.0100%	8h	209.68	long leg	$93K	$1.0M	20x
HTX TTWO-USDT	+0.0100%	8h	210.26	+0.277%	$3K	$38K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TTWO	+0.0143%	8h	210.21	+0.255%	$80K	$55K	—	as long as short
Binance TTWOUSDT	+0.0217%	8h	210.16	+0.229%	$2.3M	$900K	25x	as long as short
Paragon para:TTWO	+0.1535%	1h	210.24	+0.265%	$1.1M	$144K	10x	as long as short