Funding arb · Price arb /

TTWO

RWAall TTWO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Bybit−0.300%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.300% cheaper against Bybit than usual: you would sell low and buy high (spread −0.300% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 31 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TTWOUSDT	210.29	0	get 0.0000% / 8h	5h 50m	$1.8M	$216K	25x
Short	Lighter TTWO	209.66	0.0032	get 0.0004% / 1h	50m 05s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.300%Rate

Funding earned: $6.72
Price spread: −0.300% → 0.000%: −$29.96
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.24
Costs to cover: 0.110%
Break-even: 42.7 days

Slippage unknown: Bybit: live order book, 1 min ago; 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 Bybit live order book, 1 min ago	6.42 bp	22.9 bp −$23	75.3 bp −$753	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	−0.0150%	1h	209.95	−0.162%	$333K	$202K	10x	as long as short
Bybit TTWOUSDTlong	0.0000%	8h	210.29	long leg	$1.8M	$216K	25x
OKX TTWO-USDT-SWAP	0.0000%	8h	210.43	+0.067%	$325K	$91K	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	210.12	−0.081%	$1.2M	$3.1M	10x	as long as short
Lighter TTWOshort	+0.0032%	1h	209.66	−0.300%	—	—	5x
Extended TTWO-USD	+0.0040%	1h	209.89	−0.190%	$75K	$2K	10x	as long as short
KuCoin TTWOUSDTM	+0.0100%	8h	209.79	−0.238%	$93K	$1.0M	20x	as long as short
HTX TTWO-USDT	+0.0100%	8h	210.12	−0.081%	$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	+0.0233%	8h	210.08	−0.100%	$80K	$55K	—	as long as short
Binance TTWOUSDT	+0.0291%	8h	210.12	−0.081%	$2.3M	$899K	25x	as long as short
Paragon para:TTWO	+0.1585%	1h	210.53	+0.114%	$1.1M	$143K	10x	as long as short