Funding arb · Price arb /

TOWNS

all TOWNS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0833%/8h= −91.2% APRpaid last 24h +1.145%

Price spread now: Coinbase International against Binance−1.072%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+5.545%+$554 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Coinbase International is 1.072% cheaper against Binance than usual: you would sell low and buy high (−$107 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +5.545%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TOWNSUSDT	0.002053	0.0185	pay 0.0093% / 4h	4m 49s	$2.0M	$1.3M	10x
Short	Coinbase International TOWNS-PERP-INTX	0.002031	−0.0648	pay 0.0081% / 1h	4m 49s	$76K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −1.072%Rate

Funding earned: −$174.96
Price spread: −1.072% → 0.000%: −$107.16
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$302.12
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; 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 Binance live order book, 14 min ago	2.45 bp	35.4 bp −$35	508.2 bp −$5,082	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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
Coinbase International TOWNS-PERP-INTXshort	−0.0648%	1h	0.002031	−1.072%	$76K	$4K	25x
Aster TOWNSUSDT	+0.0100%	4h	0.002047	−0.287%	$10K	$6K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002048	−0.244%	$71K	$19K	10x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002043	−0.476%	$456	$286	—	as long as short
BloFin TOWNS-USDT	+0.0138%	4h	0.002044	−0.438%	$131K	$4K	10x	as long as short
MEXC TOWNS_USDT	+0.0162%	4h	0.002054	+0.049%	$394K	$128K	100x	as long as short
Binance TOWNSUSDTlong	+0.0185%	4h	0.002053	long leg	$2.0M	$1.3M	10x
Bybit TOWNSUSDT	+0.0521%	4h	0.002051	−0.097%	$370K	$114K	5x	as long as short
BingX TOWNS-USDT	+0.0576%	4h	0.002051	−0.097%	—	$2.3M	—	as long as short
Bitget TOWNSUSDT	+0.0698%	4h	0.002055	+0.097%	$338K	$48K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TOWNSUSDTM	+0.0770%	4h	0.002052	−0.049%	$260K	$24K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.6088%	1h	0.002064	+0.536%	—	—	25x	as long as short