TTWO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.7364%/8h= −806.3% APRnext payment −$9.20 per $10,000 · paid last 24h −0.162%

Price spread now: QFEX against Paragon−0.616%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$325as in the Price arb table

costs, in and out, $10k−$2672.671% of the position

Long on Paragon Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.722%−$72 on $10k

Price spread, last 7 days+0.440%+$44 · spread now −0.616%, 7d avg −0.036%

Together, before fees−0.282%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$221 a day on $10k at the current rate, and QFEX is 0.580% cheaper against Paragon than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.722% in total (about -73.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.20 per $10,000. 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	211.12	0.7388	pay 0.0924% / 1h	13m 08s	$1.1M	$149K	10x
Short	QFEX TTWO-USD	209.82	0.0024	get 0.0003% / 1h	13m 08s	$1.2M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.616%Rate

Funding earned: −$1,546.36
Price spread: −0.616% → −0.036%: −$58.01
Slippage, 4 orders: −$247.09
Fee Paragon: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$1,871.46
Costs to cover: 2.671%
Break-even: never at this rate

Slippage from Paragon: live order book, 3 min ago; QFEX: live order book, 5 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, 3 min ago	42.57 bp	47.6 bp −$48	150.9 bp −$1,509	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	77.61 bp	85.5 bp −$86	91.9 bp −$919	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
Bybit TTWOUSDT	0.0000%	8h	210.21	−0.431%	$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-USDshort	+0.0024%	1h	209.82	−0.616%	$1.2M	$3.0M	10x
Lighter TTWO	+0.0032%	1h	209.66	−0.692%	—	—	5x	as long as short
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