Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h —

Price spread now: Lighter against Variational Omni−0.210%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.210% cheaper against Variational Omni than usual: you would sell low and buy high (−$21 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	Variational Omni TTWO	210.10	0.0177	pay 0.0177% / 8h	5h 28m	$80K	$55K	—
Short	Lighter TTWO	209.66	0.0032	get 0.0004% / 1h	28m 30s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$30.5
Price spread: −0.210% → 0.000%: −$21.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$51.53
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Lighter: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Variational Omni and Lighter: 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	−0.044%	$331K	$203K	10x	as long as short
Bybit TTWOUSDT	0.0000%	8h	210.24	+0.066%	$1.8M	$215K	25x	as long as short
OKX TTWO-USDT-SWAP	0.0000%	8h	210.21	+0.051%	$325K	$90K	25x	as long as short
Gate TTWO_USDT	0.0000%	8h	210.10	−0.001%	$713K	$13K	20x	as long as short
Bitget TTWOUSDT	0.0000%	8h	210.33	+0.109%	$903K	$85K	20x	as long as short
QFEX TTWO-USD	+0.0005%	1h	210.04	−0.029%	$1.2M	$3.1M	10x	as long as short
Lighter TTWOshort	+0.0032%	1h	209.66	−0.210%	—	—	5x
Extended TTWO-USD	+0.0040%	1h	209.89	−0.101%	$75K	$2K	10x	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	209.63	−0.225%	$93K	$1.0M	20x	as long as short
HTX TTWO-USDT	+0.0100%	8h	210.15	+0.023%	$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 TTWOlong	+0.0177%	8h	210.10	long leg	$80K	$55K	—
Binance TTWOUSDT	+0.0230%	8h	210.07	−0.014%	$2.3M	$899K	25x	as long as short
Paragon para:TTWO	+0.1598%	1h	210.29	+0.090%	$1.1M	$144K	10x	as long as short