Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.7356%/8h= +805.5% APRnext payment +$9.20 per $10,000 · paid last 24h —

Price spread now: Paragon against Lighter+0.696%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 Paragon

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

Both sides work for this trade now. Funding pays +$221 a day on $10k at the current rate, and Paragon is 0.696% dearer against Lighter than usual: you sell high and buy low: +$70 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	12m 55s	—	—	5x
Short	Paragon para:TTWO	211.12	0.7388	get 0.0924% / 1h	12m 55s	$1.1M	$149K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon 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 ParagonbpOrdersPrice spread, now +0.696%Rate

Funding earned: $1,544.76
Price spread: +0.696% → 0.000%: $69.64
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paragon: 5 bp × 2 orders: −$10
Net: $1,604.4
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Paragon: live order book, 3 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 Paragon live order book, 3 min ago	42.57 bp	47.8 bp −$48	185.8 bp −$1,858	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	210.17	+0.243%	$1.8M	$215K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.21	+0.262%	$326K	$90K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.20	+0.258%	$714K	$13K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	209.98	+0.153%	$892K	$90K	20x	as long as short
QFEX TTWO-USD	+0.0024%	1h	209.82	+0.076%	$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	210.00	+0.162%	$332K	$204K	10x	as long as short
Variational Omni TTWO	+0.0053%	8h	210.03	+0.175%	$80K	$55K	—	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	209.78	+0.057%	$93K	$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	210.14	+0.229%	$3K	$38K	10x	as long as short
Binance TTWOUSDT	+0.0134%	8h	210.07	+0.196%	$2.3M	$904K	25x	as long as short
Paragon para:TTWOshort	+0.7388%	1h	211.12	+0.696%	$1.1M	$149K	10x