Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h +0.055%

Price spread now: Binance against QFEX+0.019%53s7-day average +0.039% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.401% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.052%+$5 on $10k

Price spread, last 7 days+0.045%+$5 · spread now +0.019%, 7d avg +0.039%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.020% cheaper against QFEX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.039%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TTWO-USD	210.31	0.0008	pay 0.0001% / 1h	27m 43s	$1.2M	$2.8M	10x
Short	Binance TTWOUSDT	210.35	0	get 0.0000% / 8h	2h 27m	$2.3M	$934K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$1.6
Price spread: +0.019% → +0.039%: −$2
Slippage, 4 orders: −$20.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.74
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; Binance: live order book, 7 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 QFEX live order book, 10 min ago	2.62 bp	9.0 bp −$9	13.2 bp −$132	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.85 bp	9.6 bp −$10	101.9 bp −$1,019	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 TTWOUSDTshort	0.0000%	8h	210.35	+0.019%	$2.3M	$934K	25x
Bybit TTWOUSDT	0.0000%	8h	210.47	+0.076%	$1.8M	$211K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.47	+0.076%	$326K	$82K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.30	−0.005%	$714K	$12K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.53	+0.105%	$895K	$92K	20x	as long as short
Variational Omni TTWO	0.0000%	8h	210.25	−0.027%	$80K	$55K	—	as long as short
QFEX TTWO-USDlong	+0.0008%	1h	210.31	long leg	$1.2M	$2.8M	10x
Lighter TTWO	+0.0032%	1h	209.66	−0.309%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	209.89	−0.200%	$75K	$2K	10x	as long as short
Ondo Perps TTWO-USD.P	+0.0050%	1h	210.10	−0.100%	$331K	$204K	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	210.08	−0.109%	$94K	$1.0M	20x	as long as short
HTX TTWO-USDT	+0.0100%	8h	209.80	−0.242%	$3K	$39K	10x	as long as short
Paragon para:TTWO	+0.0792%	1h	210.03	−0.133%	$1.1M	$156K	10x	as long as short