Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h +0.012%

Price spread now: KuCoin against Ondo Perps−0.076%7-day average +0.040% · you buy dearer than you sell

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

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.076%, 7d avg +0.040%

Together, before fees+0.359%+ Points / potential airdropOndo Perps: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.116% cheaper against Ondo Perps than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.197%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps TTWO-USD.P	209.83	0.0252	pay 0.0032% / 1h	58m 53s	$331K	$203K	10x
Short	KuCoin TTWOUSDTM	209.67	0.0100	get 0.0100% / 8h	4h 58m	$93K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Ondo Perps. 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 Ondo PerpsbpFee KuCoinbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$31.92
Price spread: −0.076% → +0.040%: −$11.59
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.51
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago	10.25 bp	287.5 bp −$287	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
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	210.20	+0.176%	$714K	$13K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.01	+0.086%	$893K	$89K	20x	as long as short
QFEX TTWO-USD	+0.0005%	1h	210.19	+0.172%	$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 TTWOUSDTMshort	+0.0100%	8h	209.67	−0.076%	$93K	$1.0M	20x
HTX TTWO-USDT	+0.0100%	8h	210.20	+0.176%	$3K	$38K	10x	as long as short
Variational Omni TTWO	+0.0149%	8h	210.15	+0.154%	$80K	$55K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TTWOUSDT	+0.0222%	8h	210.14	+0.148%	$2.3M	$902K	25x	as long as short
Ondo Perps TTWO-USD.Plong	+0.0252%	1h	209.83	long leg	$331K	$203K	10x
Paragon para:TTWO	+0.1454%	1h	210.23	+0.193%	$1.1M	$144K	10x	as long as short