Funding you earn now, next payment 04:00 UTC+0.3977%/8h= +435.5% APRpaid last 24h —
Price spread now: Deribit against Binance+0.288%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$119 a day on $10k at the current rate, and Deribit is 0.288% dearer against Binance than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TOWNSUSDT | 0.002083 | 0.0100 | pay 0.0050% / 4h | 0m 02s | $2.0M | $1.3M | 10x |
| Short | Deribit TOWNS_USDC-PERPETUAL | 0.002089 | 0.4077 | get 0.0510% / 1h | 0m 02s | — | — | 25x |
Binance TOWNSUSDT
Deribit TOWNS_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $835.15
- Price spread: +0.288% → 0.000%
- $28.8
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $846.96
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 4 min ago; Deribit: 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, 4 min ago | 2.40 bp | 36.5 bp −$36 | 563.2 bp −$5,632 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 TOWNSUSDT | +0.0100% | 4h | 0.002076 | −0.345% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDTlong | +0.0100% | 4h | 0.002083 | long leg | $2.0M | $1.3M | 10x | |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002080 | −0.144% | $382K | $116K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002079 | −0.192% | $71K | $15K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002083 | 0.000% | $401K | $122K | 100x | as long as short |
| KuCoin TOWNSUSDTM | +0.0100% | 4h | 0.002077 | −0.288% | $248K | $31K | 10x | as long as short |
| Bitget TOWNSUSDT | +0.0100% | 4h | 0.002087 | +0.192% | $341K | $38K | 5x | as long as short |
| BingX TOWNS-USDT | +0.0100% | 4h | 0.002079 | −0.192% | — | $2.3M | — | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002081 | −0.089% | $194 | $549 | — | as long as short |
| BloFin TOWNS-USDT | +0.0131% | 4h | 0.002083 | 0.000% | $132K | $4K | 10x | as long as short |
Aster TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
KuCoin TOWNSUSDTM
Bitget TOWNSUSDT
BingX TOWNS-USDT
Variational Omni TOWNS
BloFin TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | +0.0816% | 1h | 0.002074 | −0.432% | $77K | $3K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUALshort | +0.4077% | 1h | 0.002089 | +0.288% | — | — | 25x |
Coinbase International TOWNS-PERP-INTX