Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.011%
Price spread now: BloFin against Binance+0.153%101s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1611.614% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now +0.153%, 7d avg +0.040%
=The price spread pays, funding is against you. BloFin is 0.113% dearer against Binance than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.040%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 7 days (−0.023% in total) that is about 34 days. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TOWNSUSDT | 0.002072 | 0.0191 | pay 0.0095% / 4h | 1h 39m | $2.0M | $1.3M | 10x |
| Short | BloFin TOWNS-USDT | 0.002075 | 0.0145 | get 0.0072% / 4h | 1h 39m | $132K | $5K | 10x |
Binance TOWNSUSDT
BloFin TOWNS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$9.7
- Price spread: +0.153% → +0.040%
- $11.25
- Slippage, 4 orders
- −$139.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$159.87
- Costs to cover
- 1.614%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 71 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, 10 min ago | 4.84 bp | 47.5 bp −$47 | 595.6 bp −$5,956 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 71 min ago | 2.42 bp | 57.0 bp −$57 | 112.5 bp −$1,125 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002072 | +0.029% | $10K | $6K | 5x | as long as short |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002071 | −0.040% | $373K | $114K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002073 | +0.056% | $71K | $19K | 10x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002073 | +0.061% | $194 | $555 | — | as long as short |
| BloFin TOWNS-USDTshort | +0.0145% | 4h | 0.002075 | +0.153% | $132K | $5K | 10x | |
| Binance TOWNSUSDTlong | +0.0191% | 4h | 0.002072 | long leg | $2.0M | $1.3M | 10x | |
| MEXC TOWNS_USDT | +0.0198% | 4h | 0.002070 | −0.088% | $400K | $121K | 100x | as long as short |
| KuCoin TOWNSUSDTM | +0.0368% | 4h | 0.002071 | −0.040% | $247K | $30K | 10x | as long as short |
| Bitget TOWNSUSDT | +0.0426% | 4h | 0.002071 | −0.040% | $338K | $46K | 5x | as long as short |
| BingX TOWNS-USDT | +0.0438% | 4h | 0.002072 | +0.008% | — | $2.3M | — | as long as short |
Aster TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
Variational Omni TOWNS
MEXC TOWNS_USDT
KuCoin TOWNSUSDTM
Bitget TOWNSUSDT
BingX TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | +0.1192% | 1h | 0.002074 | +0.105% | $77K | $4K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.4098% | 1h | 0.002079 | +0.346% | — | — | 25x | as long as short |
Coinbase International TOWNS-PERP-INTX
Deribit TOWNS_USDC-PERPETUAL