Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h +0.049%

Price spread now: OKX against QFEX+0.052%54s7-day average +0.006% · 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−$2192.192% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.045%+$4 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.052%, 7d avg +0.006%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.046% dearer against QFEX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.006%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days. The two prices were read 54 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	210.10	0.0024	pay 0.0003% / 1h	38m 40s	$1.2M	$3.0M	10x
Short	OKX TTWO-USDT-SWAP	210.21	0	get 0.0000% / 8h	4h 38m	$325K	$89K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$5.12
Price spread: +0.052% → +0.006%: $4.59
Slippage, 4 orders: −$199.18
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$219.71
Costs to cover: 2.192%
Break-even: never at this rate

Slippage from QFEX: live order book, 9 min ago; OKX: live order book, 17 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, 9 min ago	27.13 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 17 min ago	9.27 bp	78.9 bp −$79	doesn't fit	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	210.20	+0.048%	$1.8M	$215K	25x	as long as short
OKX TTWO-USDT-SWAPshort	0.0000%	8h	210.21	+0.052%	$325K	$89K	25x
Gate TTWO_USDT	0.0000%	8h	210.20	+0.048%	$714K	$13K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	209.99	−0.052%	$892K	$90K	20x	as long as short
QFEX TTWO-USDlong	+0.0024%	1h	210.10	long leg	$1.2M	$3.0M	10x
Lighter TTWO	+0.0032%	1h	209.66	−0.209%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	209.89	−0.100%	$75K	$2K	10x	as long as short
Ondo Perps TTWO-USD.P	+0.0074%	1h	209.91	−0.090%	$331K	$203K	10x	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	209.63	−0.224%	$94K	$1.0M	20x	as long as short
HTX TTWO-USDT	+0.0100%	8h	210.11	+0.005%	$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 TTWO	+0.0130%	8h	210.07	−0.016%	$80K	$55K	—	as long as short
Binance TTWOUSDT	+0.0195%	8h	210.09	−0.005%	$2.3M	$902K	25x	as long as short
Paragon para:TTWO	+0.1456%	1h	210.24	+0.065%	$1.1M	$144K	10x	as long as short