Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Bitget against Lighter+0.129%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.129% dearer against Lighter than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TTWO	209.66	0.0032	pay 0.0004% / 1h	23m 52s	—	—	5x
Short	Bitget TTWOUSDT	209.93	0	get 0.0000% / 8h	4h 23m	$892K	$90K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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 LighterbpFee BitgetbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$6.72
Price spread: +0.129% → 0.000%: $12.88
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.84
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 32 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Bitget live order book, 32 min ago	13.55 bp	71.8 bp −$72	85.0 bp −$850	doesn't fit	doesn't fit

Lighter: 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
Bybit TTWOUSDT	0.0000%	8h	210.24	+0.277%	$1.8M	$215K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.44	+0.372%	$325K	$89K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.10	+0.210%	$713K	$13K	20x	as long as short
Bitget TTWOUSDTshort	0.0000%	8h	209.93	+0.129%	$892K	$90K	20x
QFEX TTWO-USD	+0.0024%	1h	209.98	+0.153%	$1.2M	$3.0M	10x	as long as short
Lighter TTWOlong	+0.0032%	1h	209.66	long leg	—	—	5x
Extended TTWO-USD	+0.0040%	1h	209.89	+0.110%	$75K	$2K	10x	as long as short
Ondo Perps TTWO-USD.P	+0.0050%	1h	209.74	+0.038%	$331K	$203K	10x	as long as short
Variational Omni TTWO	+0.0084%	8h	209.94	+0.134%	$80K	$55K	—	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	209.61	−0.024%	$94K	$1.0M	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	210.04	+0.181%	$3K	$38K	10x	as long as short
Binance TTWOUSDT	+0.0151%	8h	209.98	+0.153%	$2.3M	$904K	25x	as long as short
Paragon para:TTWO	+0.1456%	1h	210.24	+0.274%	$1.1M	$144K	10x	as long as short