TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h −0.007%

Price spread now: Bitget against BingX0.000%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1591.592% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now 0.000%, 7d avg +0.032%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.032% cheaper against BingX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.032%). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TOWNS-USDT	0.002063	0.0884	pay 0.0442% / 4h	3h 19m	—	$2.3M	—
Short	Bitget TOWNSUSDT	0.002063	0.0926	get 0.0463% / 4h	3h 19m	$339K	$47K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $8.82
Price spread: 0.000% → +0.032%: −$3.17
Slippage, 4 orders: −$137.16
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$153.51
Costs to cover: 1.592%
Break-even: 128.8 days

Slippage from BingX: live order book, 14 min ago; Bitget: live order book, 46 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, 14 min ago	7.30 bp	42.4 bp −$42	183.8 bp −$1,838	1246.2 bp −$124.6K	1389.5 bp −$694.7K
Sell Bitget live order book, 46 min ago	9.73 bp	34.8 bp −$35	363.4 bp −$3,634	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	−0.1416%	1h	0.002171	+5.235%	$81K	$4K	25x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002060	−0.145%	$71K	$19K	10x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002059	−0.210%	$460	$286	—	as long as short
Bybit TOWNSUSDT	+0.0134%	4h	0.002060	−0.145%	$369K	$112K	5x	as long as short
Aster TOWNSUSDT	+0.0289%	4h	0.002056	−0.354%	$10K	$6K	5x	as long as short
BloFin TOWNS-USDT	+0.0428%	4h	0.002060	−0.145%	$132K	$4K	10x	as long as short
MEXC TOWNS_USDT	+0.0454%	4h	0.002061	−0.097%	$398K	$127K	100x	as long as short
Binance TOWNSUSDT	+0.0456%	4h	0.002061	−0.101%	$2.0M	$1.3M	10x	as long as short
BingX TOWNS-USDTlong	+0.0884%	4h	0.002063	long leg	—	$2.3M	—
Bitget TOWNSUSDTshort	+0.0926%	4h	0.002063	0.000%	$339K	$47K	5x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TOWNSUSDTM	+0.1070%	4h	0.002063	0.000%	$256K	$25K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.2664%	1h	0.002065	+0.097%	—	—	25x	as long as short