Funding you earn now, next payment 04:00 UTC−0.0266%/8h= −29.1% APRnext payment −$1.33 per $10,000 · paid last 24h +0.031%
Price spread now: Bybit against Binance0.000%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3,969as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,949as in the Price arb table
costs, in and out, $10k−$3,95039.500% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now 0.000%, 7d avg −0.006%
=The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TOWNSUSDT | 0.002071 | 0.0366 | pay 0.0183% / 4h | 2h 31m | $2.0M | $1.3M | 10x |
| Short | Bybit TOWNSUSDT | 0.002071 | 0.0100 | get 0.0050% / 4h | 2h 31m | $372K | $115K | 5x |
Binance TOWNSUSDT
Bybit TOWNSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$55.78
- Price spread: 0.000% → −0.006%
- $0.6
- Slippage, 4 orders
- −$3,928.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$4,005.14
- Costs to cover
- 39.500%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 28 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, 3 min ago | 2.41 bp | 42.3 bp −$42 | 628.3 bp −$6,283 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 28 min ago | 4.85 bp | 1079.2 bp −$1,079 | doesn't fit | doesn't fit | doesn't fit |
TOWNS on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TOWNSUSDTshort | +0.0100% | 4h | 0.002071 | 0.000% | $372K | $115K | 5x | |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002069 | −0.097% | $71K | $19K | 10x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002074 | +0.129% | $194 | $555 | — | as long as short |
| Aster TOWNSUSDT | +0.0222% | 4h | 0.002072 | +0.048% | $10K | $6K | 5x | as long as short |
| MEXC TOWNS_USDT | +0.0364% | 4h | 0.002071 | 0.000% | $397K | $125K | 100x | as long as short |
| Binance TOWNSUSDTlong | +0.0366% | 4h | 0.002071 | long leg | $2.0M | $1.3M | 10x | |
| Coinbase International TOWNS-PERP-INTX | +0.0392% | 1h | 0.002171 | +4.829% | $81K | $4K | 25x | as long as short |
| BingX TOWNS-USDT | +0.0650% | 4h | 0.002071 | 0.000% | — | $2.3M | — | as long as short |
| Bitget TOWNSUSDT | +0.0688% | 4h | 0.002070 | −0.048% | $339K | $48K | 5x | as long as short |
| KuCoin TOWNSUSDTM | +0.0890% | 4h | 0.002071 | 0.000% | $247K | $30K | 10x | as long as short |
Gate TOWNS_USDT
Variational Omni TOWNS
Aster TOWNSUSDT
MEXC TOWNS_USDT
Coinbase International TOWNS-PERP-INTX
BingX TOWNS-USDT
Bitget TOWNSUSDT
KuCoin TOWNSUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit TOWNS_USDC-PERPETUAL | +0.3617% | 1h | 0.002077 | +0.290% | — | — | 25x | as long as short |
Deribit TOWNS_USDC-PERPETUAL