Funding arb · Price arb /

TOWNS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0716%/8h= +78.4% APRpaid last 24h +0.907%

Price spread now: Coinbase International against Aster−0.135%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 0.135% cheaper against Aster than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 15 hours of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TOWNSUSDT	0.002077	0.0100	pay 0.0050% / 4h	52m 29s	$10K	$6K	5x
Short	Coinbase International TOWNS-PERP-INTX	0.002074	0.0816	get 0.0102% / 1h	52m 29s	$77K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.135%Rate

Funding earned: $150.36
Price spread: −0.135% → 0.000%: −$13.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $118.88
Costs to cover: 0.180%
Break-even: 1.5 days

Slippage unknown: Aster: no order-book sample; Coinbase International: 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 Aster no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Aster and Coinbase International: 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.

TOWNS on 12 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
Aster TOWNSUSDTlong	+0.0100%	4h	0.002077	long leg	$10K	$6K	5x
Binance TOWNSUSDT	+0.0100%	4h	0.002072	−0.217%	$2.0M	$1.3M	10x	as long as short
Bybit TOWNSUSDT	+0.0100%	4h	0.002068	−0.424%	$374K	$114K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002076	−0.039%	$71K	$14K	10x	as long as short
MEXC TOWNS_USDT	+0.0100%	4h	0.002073	−0.183%	$399K	$119K	100x	as long as short
KuCoin TOWNSUSDTM	+0.0100%	4h	0.002076	−0.039%	$248K	$31K	10x	as long as short
Bitget TOWNSUSDT	+0.0100%	4h	0.002074	−0.135%	$339K	$43K	5x	as long as short
BingX TOWNS-USDT	+0.0100%	4h	0.002075	−0.087%	—	$2.3M	—	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002076	−0.055%	$194	$555	—	as long as short
BloFin TOWNS-USDT	+0.0128%	4h	0.002072	−0.231%	$133K	$4K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TOWNS-PERP-INTXshort	+0.0816%	1h	0.002074	−0.135%	$77K	$4K	25x
Deribit TOWNS_USDC-PERPETUAL	+0.2160%	1h	0.002080	+0.154%	—	—	25x	as long as short