TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0349%/8h= −38.3% APRnext payment −$1.75 per $10,000 · paid last 24h −0.014%

Price spread now: Binance against BingX0.000%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1581.583% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg −0.016%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TOWNS-USDT	0.002043	0.0478	pay 0.0239% / 4h	8m 15s	—	$2.3M	—
Short	Binance TOWNSUSDT	0.002043	0.0129	get 0.0064% / 4h	8m 15s	$2.0M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$73.36
Price spread: 0.000% → −0.016%: $1.64
Slippage, 4 orders: −$138.29
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$230.01
Costs to cover: 1.583%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Binance: live order book, 11 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 BingX live order book, 10 min ago	9.78 bp	37.7 bp −$38	159.5 bp −$1,595	1287.0 bp −$128.7K	1444.5 bp −$722.2K
Sell Binance live order book, 11 min ago	2.45 bp	41.7 bp −$42	373.7 bp −$3,737	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
Coinbase International TOWNS-PERP-INTX	−0.0648%	1h	0.002031	−0.587%	$76K	$4K	25x	as long as short
Aster TOWNSUSDT	+0.0100%	4h	0.002040	−0.130%	$10K	$6K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002046	+0.147%	$70K	$19K	10x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002043	+0.010%	$456	$286	—	as long as short
MEXC TOWNS_USDT	+0.0112%	4h	0.002044	+0.049%	$392K	$127K	100x	as long as short
Binance TOWNSUSDTshort	+0.0129%	4h	0.002043	0.000%	$2.0M	$1.3M	10x
BloFin TOWNS-USDT	+0.0148%	4h	0.002043	0.000%	$131K	$4K	10x	as long as short
Bybit TOWNSUSDT	+0.0404%	4h	0.002041	−0.098%	$368K	$113K	5x	as long as short
BingX TOWNS-USDTlong	+0.0478%	4h	0.002043	long leg	—	$2.3M	—
Bitget TOWNSUSDT	+0.0624%	4h	0.002046	+0.147%	$336K	$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	+0.0746%	4h	0.002045	+0.098%	$259K	$24K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.3666%	1h	0.002051	+0.392%	—	—	25x	as long as short