Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.003%
Price spread now: Bitget against Binance+0.027%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1601.600% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.237%+$24 · spread now +0.027%, 7d avg +0.072%
=Funding pays, the price is against you. Bitget is 0.045% cheaper against Binance than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.072%). If the spread goes back, that is −$5 on $10k: about 3.3 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 | Binance TOWNSUSDT | 0.002045 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $2.0M | $1.3M | 10x |
| Short | Bitget TOWNSUSDT | 0.002046 | 0.0146 | get 0.0073% / 4h | 1h 40m | $336K | $51K | 5x |
Binance TOWNSUSDT
Bitget TOWNSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.66
- Price spread: +0.027% → +0.072%
- −$4.54
- Slippage, 4 orders
- −$138.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$154.91
- Costs to cover
- 1.600%
- Break-even
- 119.3 days
Slippage from Binance: live order book, 9 min ago; Bitget: live order book, 35 min ago.
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 Binance live order book, 9 min ago | 2.45 bp | 31.6 bp −$32 | 466.7 bp −$4,667 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 35 min ago | 12.19 bp | 47.1 bp −$47 | 372.0 bp −$3,720 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TOWNS-USDT | +0.0050% | 4h | 0.002041 | −0.218% | $131K | $4K | 10x | as long as short |
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002041 | −0.202% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDTlong | +0.0100% | 4h | 0.002045 | long leg | $2.0M | $1.3M | 10x | |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002042 | −0.169% | $370K | $112K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002045 | −0.022% | $70K | $19K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002046 | +0.027% | $392K | $125K | 100x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002039 | −0.300% | $190 | $18 | — | as long as short |
| BingX TOWNS-USDT | +0.0132% | 4h | 0.002044 | −0.071% | — | $2.3M | — | as long as short |
| Bitget TOWNSUSDTshort | +0.0146% | 4h | 0.002046 | +0.027% | $336K | $51K | 5x | |
| KuCoin TOWNSUSDTM | +0.0416% | 4h | 0.002046 | +0.027% | $259K | $23K | 10x | as long as short |
BloFin TOWNS-USDT
Aster TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
Variational Omni TOWNS
BingX TOWNS-USDT
KuCoin TOWNSUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | +0.0480% | 1h | 0.002031 | −0.706% | $76K | $5K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.3666% | 1h | 0.002051 | +0.271% | — | — | 25x | as long as short |
Coinbase International TOWNS-PERP-INTX
Deribit TOWNS_USDC-PERPETUAL