Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1421%/8h= −155.6% APRpaid last 24h −0.086%

Price spread now: Variational Omni against Paragon−0.089%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Variational Omni is 0.089% cheaper against Paragon than usual: you would sell low and buy high (−$9 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	210.29	0.1598	pay 0.0200% / 1h	28m 29s	$1.1M	$144K	10x
Short	Variational Omni TTWO	210.10	0.0177	get 0.0177% / 8h	5h 28m	$80K	$55K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.089%Rate

Funding earned: −$298.44
Price spread: −0.089% → 0.000%: −$8.94
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$317.38
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 7 min ago; Variational Omni: 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, 7 min ago	20.17 bp	25.2 bp −$25	119.1 bp −$1,191	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Ondo Perps TTWO-USD.P	−0.0046%	1h	210.01	−0.133%	$331K	$203K	10x	as long as short
Bybit TTWOUSDT	0.0000%	8h	210.24	−0.024%	$1.8M	$215K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.21	−0.038%	$325K	$90K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.10	−0.090%	$713K	$13K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.33	+0.019%	$903K	$85K	20x	as long as short
QFEX TTWO-USD	+0.0005%	1h	210.04	−0.119%	$1.2M	$3.1M	10x	as long as short
Lighter TTWO	+0.0032%	1h	209.66	−0.300%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	209.89	−0.190%	$75K	$2K	10x	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	209.63	−0.314%	$93K	$1.0M	20x	as long as short
HTX TTWO-USDT	+0.0100%	8h	210.15	−0.067%	$3K	$38K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TTWOshort	+0.0177%	8h	210.10	−0.089%	$80K	$55K	—
Binance TTWOUSDT	+0.0230%	8h	210.07	−0.104%	$2.3M	$899K	25x	as long as short
Paragon para:TTWOlong	+0.1598%	1h	210.29	long leg	$1.1M	$144K	10x