Funding arb · Price arb /

TTWO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h —

Price spread now: Lighter against Ondo Perps−0.133%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Lighter

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 airdropOndo Perps: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.133% cheaper against Ondo Perps than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps TTWO-USD.P	209.94	0.0050	pay 0.0006% / 1h	18m 54s	$332K	$204K	10x
Short	Lighter TTWO	209.66	0.0032	get 0.0004% / 1h	18m 54s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$3.86
Price spread: −0.133% → 0.000%: −$13.34
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.2
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Lighter: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Ondo Perps and Lighter: 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
Binance TTWOUSDT	0.0000%	8h	210.46	+0.250%	$2.3M	$915K	25x	as long as short
Bybit TTWOUSDT	0.0000%	8h	210.39	+0.214%	$1.8M	$213K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.61	+0.319%	$326K	$90K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.10	+0.076%	$713K	$13K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.57	+0.300%	$895K	$94K	20x	as long as short
Variational Omni TTWO	0.0000%	8h	210.38	+0.209%	$80K	$55K	—	as long as short
QFEX TTWO-USD	+0.0020%	1h	210.43	+0.233%	$1.2M	$3.0M	10x	as long as short
Lighter TTWOshort	+0.0032%	1h	209.66	−0.133%	—	—	5x
Extended TTWO-USD	+0.0040%	1h	209.89	−0.024%	$75K	$2K	10x	as long as short
Ondo Perps TTWO-USD.Plong	+0.0050%	1h	209.94	long leg	$332K	$204K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TTWOUSDTM	+0.0100%	8h	209.77	−0.081%	$94K	$1.0M	20x	as long as short
HTX TTWO-USDT	+0.0100%	8h	210.74	+0.381%	$3K	$38K	10x	as long as short
Paragon para:TTWO	+0.1025%	1h	210.08	+0.068%	$1.1M	$155K	10x	as long as short