Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−3.4733%/8h= −3803.3% APRpaid last 24h −0.351%

Price spread now: Bitget against Paragon−0.088%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$402as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2001.998% of the position

Long on Paragon Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−2.027%−$203 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.088%, 7d avg +0.067%

Together, before fees−2.037%−$204 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1,042 a day on $10k at the current rate, and Bitget is 0.154% cheaper against Paragon than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.067%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.027% in total (about -105.7% 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	Paragon para:TTWO	210.54	3.4733	pay 0.4342% / 1h	27m 17s	$1.1M	$153K	10x
Short	Bitget TTWOUSDT	210.36	0	get 0.0000% / 8h	7h 27m	$893K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Paragon. 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 ParagonbpFee BitgetbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$7,294.02
Price spread: −0.088% → +0.067%: −$15.42
Slippage, 4 orders: −$177.8
Fee Paragon: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$7,509.25
Costs to cover: 1.998%
Break-even: never at this rate

Slippage from Paragon: live order book, 9 min ago; Bitget: live order book, 3 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 Paragon live order book, 9 min ago	15.21 bp	20.2 bp −$20	111.6 bp −$1,116	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.89 bp	86.5 bp −$87	103.1 bp −$1,031	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	210.31	−0.111%	$2.3M	$1.0M	25x	as long as short
Bybit TTWOUSDT	0.0000%	8h	210.55	+0.003%	$1.8M	$209K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.60	+0.026%	$326K	$77K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.00	−0.259%	$712K	$13K	20x	as long as short
Bitget TTWOUSDTshort	0.0000%	8h	210.36	−0.088%	$893K	$86K	20x
Variational Omni TTWO	0.0000%	8h	210.34	−0.097%	$81K	$56K	—	as long as short
Lighter TTWO	+0.0032%	1h	209.98	−0.268%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	209.98	−0.267%	$75K	$2K	10x	as long as short
Ondo Perps TTWO-USD.P	+0.0050%	1h	209.97	−0.273%	$330K	$187K	10x	as long as short
QFEX TTWO-USD	+0.0055%	1h	210.05	−0.235%	$1.2M	$2.7M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TTWOUSDTM	+0.0100%	8h	210.11	−0.206%	$94K	$986K	20x	as long as short
HTX TTWO-USDT	+0.0100%	8h	210.64	+0.045%	$3K	$39K	10x	as long as short
Paragon para:TTWOlong	+3.4733%	1h	210.54	long leg	$1.1M	$153K	10x