TTWO

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0714%/8h= +78.2% APRnext payment +$7.14 per $10,000 · paid last 24h −0.008%

Price spread now: Bybit against OKX−0.028%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2622.620% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now −0.028%, 7d avg +0.021%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.050% cheaper against OKX than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.021%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.087% in total) that is about 4.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TTWO-USDT-SWAP	210.61	0	get 0.0000% / 8h	7h 44m	$326K	$78K	25x
Short	Bybit TTWOUSDT	210.55	0.0714	get 0.0714% / 8h	7h 44m	$1.8M	$212K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $149.94
Price spread: −0.028% → +0.021%: −$4.98
Slippage, 4 orders: −$241.05
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$117.09
Costs to cover: 2.620%
Break-even: 12.5 days

Slippage from OKX: live order book, 51 min ago; Bybit: live order book, 2 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 OKX live order book, 51 min ago	7.36 bp	42.3 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	7.12 bp	85.4 bp −$85	233.7 bp −$2,337	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
Binance TTWOUSDT	0.0000%	8h	210.44	−0.081%	$2.3M	$1.0M	25x	as long as short
OKX TTWO-USDT-SWAPlong	0.0000%	8h	210.61	long leg	$326K	$78K	25x
Gate TTWO_USDT	0.0000%	8h	210.30	−0.147%	$714K	$12K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.54	−0.033%	$894K	$87K	20x	as long as short
Variational Omni TTWO	0.0000%	8h	210.46	−0.073%	$81K	$56K	—	as long as short
Lighter TTWO	+0.0032%	1h	210.30	−0.147%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	210.10	−0.242%	$75K	$2K	10x	as long as short
Ondo Perps TTWO-USD.P	+0.0050%	1h	210.11	−0.237%	$330K	$192K	10x	as long as short
QFEX TTWO-USD	+0.0055%	1h	210.51	−0.047%	$1.2M	$2.7M	10x	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	210.40	−0.100%	$94K	$984K	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	210.49	−0.057%	$3K	$39K	10x	as long as short
Bybit TTWOUSDTshort	+0.0714%	8h	210.55	−0.028%	$1.8M	$212K	25x
Paragon para:TTWO	+4.5159%	1h	210.80	+0.090%	$1.1M	$156K	10x	as long as short