Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h —

Price spread now: Variational Omni against Lighter+0.175%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.175% dearer against Lighter than usual: you sell high and buy low: +$17 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	19m 34s	—	—	5x
Short	Variational Omni TTWO	210.03	0.0069	get 0.0069% / 8h	4h 19m	$80K	$55K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.175%Rate

Funding earned: $7.77
Price spread: +0.175% → 0.000%: $17.46
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $25.23
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—

Lighter and Variational Omni: 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	210.22	+0.267%	$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 TTWOUSDT	0.0000%	8h	209.93	+0.129%	$892K	$90K	20x	as long as short
QFEX TTWO-USD	+0.0024%	1h	210.03	+0.176%	$1.2M	$3.1M	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 TTWOshort	+0.0069%	8h	210.03	+0.175%	$80K	$55K	—
KuCoin TTWOUSDTM	+0.0100%	8h	209.60	−0.029%	$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	210.07	+0.196%	$3K	$38K	10x	as long as short
Binance TTWOUSDT	+0.0144%	8h	210.06	+0.193%	$2.3M	$904K	25x	as long as short
Paragon para:TTWO	+0.6422%	1h	210.00	+0.162%	$1.1M	$144K	10x	as long as short