Funding arb · Price arb /

TTWO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0118%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h —

Price spread now: Ondo Perps against Lighter+0.296%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 Ondo Perps

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 · Ondo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Ondo Perps is 0.296% dearer against Lighter than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).

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	49m 24s	—	—	5x
Short	Ondo Perps TTWO-USD.P	210.28	0.0150	get 0.0019% / 1h	49m 24s	$328K	$207K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.296%Rate

Funding earned: $24.86
Price spread: +0.296% → 0.000%: $29.57
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $49.44
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; 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 Lighter no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Lighter and 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	210.60	+0.447%	$2.3M	$965K	25x	as long as short
Bybit TTWOUSDT	0.0000%	8h	210.67	+0.482%	$1.8M	$210K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.60	+0.448%	$326K	$81K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.50	+0.401%	$715K	$12K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.52	+0.410%	$895K	$94K	20x	as long as short
Variational Omni TTWO	0.0000%	8h	210.56	+0.427%	$81K	$56K	—	as long as short
QFEX TTWO-USD	+0.0024%	1h	210.58	+0.439%	$1.2M	$2.7M	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
KuCoin TTWOUSDTM	+0.0100%	8h	210.25	+0.281%	$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	210.60	+0.448%	$3K	$39K	10x	as long as short
Ondo Perps TTWO-USD.Pshort	+0.0150%	1h	210.28	+0.296%	$328K	$207K	10x
Paragon para:TTWO	+0.1336%	1h	210.44	+0.372%	$1.1M	$156K	10x	as long as short