Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h +0.046%

Price spread now: Binance against Ondo Perps+0.153%7-day average +0.139% · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.153%, 7d avg +0.139%

Together, before fees+0.072%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.139%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment. 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	Ondo Perps TTWO-USD.P	209.83	−0.0009	get 0.0001% / 1h	0m 35s	$331K	$203K	10x
Short	Binance TTWOUSDT	210.15	0.0221	get 0.0221% / 8h	5h 00m	$2.3M	$900K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.153%Rate

Funding earned: $48.33
Price spread: +0.153% → +0.139%: $1.37
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $34.7
Costs to cover: 0.150%
Break-even: 2.0 days

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 4 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	2.62 bp	21.0 bp −$21	135.6 bp −$1,356	doesn't fit	doesn't fit

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
Ondo Perps TTWO-USD.Plong	−0.0009%	1h	209.83	long leg	$331K	$203K	10x
Bybit TTWOUSDT	0.0000%	8h	210.20	+0.176%	$1.8M	$215K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.21	+0.181%	$325K	$90K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.30	+0.224%	$714K	$13K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.03	+0.095%	$893K	$89K	20x	as long as short
QFEX TTWO-USD	+0.0005%	1h	210.18	+0.167%	$1.2M	$3.0M	10x	as long as short
Lighter TTWO	+0.0032%	1h	209.66	−0.081%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	209.89	+0.029%	$75K	$2K	10x	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	209.71	−0.057%	$94K	$1.0M	20x	as long as short
HTX TTWO-USDT	+0.0100%	8h	210.23	+0.191%	$3K	$38K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TTWO	+0.0149%	8h	210.15	+0.154%	$80K	$55K	—	as long as short
Binance TTWOUSDTshort	+0.0221%	8h	210.15	+0.153%	$2.3M	$900K	25x
Paragon para:TTWO	+0.1531%	1h	210.24	+0.193%	$1.1M	$144K	10x	as long as short