Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.018%

Price spread now: Gate against Ondo Perps+0.224%7-day average +0.038% · you sell dearer than you buy

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

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.224%, 7d avg +0.038%

Together, before fees−0.204%+ Points / potential airdropOndo Perps: Active · farm board−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.186% dearer against Ondo Perps than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.038%.

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	Gate TTWO_USDT	210.30	0	get 0.0000% / 8h	5h 00m	$714K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.224%Rate

Funding earned: $1.85
Price spread: +0.224% → +0.038%: $18.57
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $0.42
Costs to cover: 0.200%
Break-even: 5.4 days

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 61 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 Gate live order book, 61 min ago	11.89 bp	225.5 bp −$225	doesn't fit	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_USDTshort	0.0000%	8h	210.30	+0.224%	$714K	$13K	20x
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 TTWOUSDT	+0.0221%	8h	210.15	+0.153%	$2.3M	$900K	25x	as long as short
Paragon para:TTWO	+0.1531%	1h	210.24	+0.193%	$1.1M	$144K	10x	as long as short