Settings8H · net · $10k
Funding arb · Price arb /

TTWO

RWAall TTWO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0968%/8h= +106.0% APRpaid last 24h +0.331%
Price spread now: Paragon against Gate−0.061%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1861.860% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.997%+$200 on $10k
Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.061%, 7d avg +0.007%
Together, before fees+2.099%+$210 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paragon is 0.068% cheaper against Gate than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.007%). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$29 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TTWO_USDT210.500get 0.0000% / 8h31m 45s$715K$12K20x
ShortParagon para:TTWO210.370.0968get 0.0121% / 1h31m 45s$1.1M$156K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paragon against Gate. 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

Funding earned
$203.33
Price spread: −0.061% → +0.007%
−$6.78
Slippage, 4 orders
−$161.03
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Paragon: 5 bp × 2 orders
−$10
Net
$10.52
Costs to cover
1.860%
Break-even
6.6 days
Slippage from Gate: live order book, 5 min ago; Paragon: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago14.24 bp87.1 bp −$87doesn't fitdoesn't fitdoesn't fit
Sell Paragon live order book, 5 min ago16.16 bp40.9 bp −$41143.9 bp −$1,439doesn't fitdoesn't fit

TTWO on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TTWOUSDT0.0000%8h210.60+0.048%$2.3M$964K25xas long as short
Bybit TTWOUSDT0.0000%8h210.75+0.119%$1.8M$210K25xas long as short
OKX TTWO-USDT-SWAP0.0000%8h210.80+0.143%$326K$81K25xas long as short
Gate TTWO_USDTlong0.0000%8h210.50long leg$715K$12K20x
Bitget TTWOUSDT0.0000%8h210.53+0.014%$895K$94K20xas long as short
Variational Omni TTWO0.0000%8h210.55+0.026%$81K$56Kas long as short
QFEX TTWO-USD+0.0024%1h210.55+0.024%$1.2M$2.7M10xas long as short
Lighter TTWO+0.0032%1h209.66−0.399%5xas long as short
Extended TTWO-USD+0.0040%1h209.89−0.290%$75K$2K10xas long as short
KuCoin TTWOUSDTM+0.0100%8h210.32−0.086%$94K$982K20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TTWO-USDT+0.0100%8h210.60+0.048%$3K$39K10xas long as short
Ondo Perps TTWO-USD.P+0.0294%1h210.28−0.105%$328K$207K10xas long as short
Paragon para:TTWOshort+0.0968%1h210.37−0.061%$1.1M$156K10x