Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.7356%/8h= −805.5% APRnext payment −$9.20 per $10,000 · paid last 24h —

Price spread now: Lighter against Paragon−0.692%7-day average — · you buy dearer than you sell

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

Long on Paragon 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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$221 a day on $10k at the current rate, and Lighter is 0.692% cheaper against Paragon than usual: you would sell low and buy high (−$69 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	Paragon para:TTWO	211.12	0.7388	pay 0.0924% / 1h	12m 55s	$1.1M	$149K	10x
Short	Lighter TTWO	209.66	0.0032	get 0.0004% / 1h	12m 55s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paragon. 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 ParagonbpFee LighterbpOrdersPrice spread, now −0.692%Rate

Funding earned: −$1,544.76
Price spread: −0.692% → 0.000%: −$69.15
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1,623.92
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 3 min ago; 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 Paragon live order book, 3 min ago	42.57 bp	47.6 bp −$48	150.9 bp −$1,509	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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
Bybit TTWOUSDT	0.0000%	8h	210.17	−0.450%	$1.8M	$215K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.21	−0.431%	$326K	$90K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.20	−0.436%	$714K	$13K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	209.98	−0.540%	$892K	$90K	20x	as long as short
QFEX TTWO-USD	+0.0024%	1h	209.82	−0.616%	$1.2M	$3.0M	10x	as long as short
Lighter TTWOshort	+0.0032%	1h	209.66	−0.692%	—	—	5x
Extended TTWO-USD	+0.0040%	1h	209.89	−0.583%	$75K	$2K	10x	as long as short
Ondo Perps TTWO-USD.P	+0.0050%	1h	210.00	−0.531%	$332K	$204K	10x	as long as short
Variational Omni TTWO	+0.0053%	8h	210.03	−0.518%	$80K	$55K	—	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	209.78	−0.635%	$93K	$1.0M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TTWO-USDT	+0.0100%	8h	210.14	−0.464%	$3K	$38K	10x	as long as short
Binance TTWOUSDT	+0.0134%	8h	210.07	−0.497%	$2.3M	$904K	25x	as long as short
Paragon para:TTWOlong	+0.7388%	1h	211.12	long leg	$1.1M	$149K	10x