Funding arb · Price arb / Crypto
TOWNS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.001147 | spot | no funding | — | — | $178K | 1x | Buy Binance Spot | |
| SHORT | 0.001149 | −0.0220 | pay 0.0110% / 4h | 1h 05m | $1.7M | $1.6M | 10x | Short Binance |
Price gap+0.194%
Funding gap−0.0220% /8h
The gap pays +$16 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 2.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$18−0.0220% /8h now · paid +0.176% over the last 7D
Price+$16spread +0.194% now, avg +0.031% → +0.163% if it goes back
Costs−$2242.237% of $10k · taker + slippage, in and out
Result−$190−1.90%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.194%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hTOWNS on 11 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size75.2 / 28.6 bpAt $10k entering Binance Spot costs 75.2 bp, fee and slippage, 2.6× Binance’s.
- Note: Spot in full, margin on the short$10,000 + $1,000The spot leg is bought with the whole $10k; Binance runs at up to 10x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
- OK: Only the short pays funding— / 4hThe spot leg pays no funding; Binance settles every 4h.Next 24h at the current rates, on $10k a leg: −$6.59Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$6.59.
- OK: Entry gap works for you+0.194% vs +0.031%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$1.7M OIOnly Binance reports one; the spot book's depth is in the cost check above.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Spot Yes · Binance YesVerified KYC to deposit or trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0084%/8h × 21 periods+$17.55
Price spread+0.194% → +0.031% (7d avg)+$16.29
Slippage, 4 orderslive order books−$193.66
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$189.82
Costs to cover2.237%Break-even82.7 days
Slippage: Binance Spot: live order book, 36 min ago; Binance: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot12.9975.2 bp−$754464.2 bp−$44.6Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance4.3628.6 bp−$29303.7 bp−$3,037doesn’t fitdoesn’t fit
Closing costs about the same again.
TOWNS news
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