Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h +0.036%

Price spread now: Variational Omni against QFEX−0.026%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 −$2 a day on $10k at the current rate, and Variational Omni is 0.026% cheaper against QFEX than usual: you would sell low and buy high (−$3 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	QFEX TTWO-USD	210.51	0.0055	pay 0.0007% / 1h	44m 12s	$1.2M	$2.7M	10x
Short	Variational Omni TTWO	210.46	0	get 0.0000% / 8h	7h 44m	$81K	$56K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.026%Rate

Funding earned: −$11.52
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$24.12
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 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 QFEX live order book, 4 min ago	2.61 bp	9.4 bp −$9	doesn't fit	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
Binance TTWOUSDT	0.0000%	8h	210.44	−0.033%	$2.3M	$1.0M	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.61	+0.048%	$326K	$78K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.30	−0.100%	$714K	$12K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.54	+0.014%	$894K	$87K	20x	as long as short
Variational Omni TTWOshort	0.0000%	8h	210.46	−0.026%	$81K	$56K	—
Lighter TTWO	+0.0032%	1h	210.30	−0.100%	—	—	5x	as long as short
Extended TTWO-USD	+0.0040%	1h	210.10	−0.194%	$75K	$2K	10x	as long as short
Ondo Perps TTWO-USD.P	+0.0050%	1h	210.11	−0.190%	$330K	$192K	10x	as long as short
QFEX TTWO-USDlong	+0.0055%	1h	210.51	long leg	$1.2M	$2.7M	10x
KuCoin TTWOUSDTM	+0.0100%	8h	210.40	−0.052%	$94K	$984K	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	210.49	−0.010%	$3K	$39K	10x	as long as short
Bybit TTWOUSDT	+0.0714%	8h	210.55	+0.019%	$1.8M	$212K	25x	as long as short
Paragon para:TTWO	+4.5159%	1h	210.80	+0.138%	$1.1M	$156K	10x	as long as short