Funding you earn now, next payment 04:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.042%
Price spread now: BloFin against BingX+0.145%66s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1451.446% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.145%, 7d avg +0.011%
=The price spread pays, funding is against you. BloFin is 0.133% dearer against BingX than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.011%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.5 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TOWNS-USDT | 0.002071 | 0.0100 | pay 0.0050% / 4h | 50m 01s | — | $2.3M | — |
| Short | BloFin TOWNS-USDT | 0.002074 | 0.0041 | get 0.0020% / 4h | 50m 01s | $133K | $4K | 10x |
BingX TOWNS-USDT
BloFin TOWNS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$12.48
- Price spread: +0.145% → +0.011%
- $13.35
- Slippage, 4 orders
- −$122.64
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$143.77
- Costs to cover
- 1.446%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; BloFin: 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, 13 min ago | 9.68 bp | 44.2 bp −$44 | 246.1 bp −$2,461 | 1342.6 bp −$134.3K | doesn't fit |
| Sell BloFin live order book, 46 min ago | 4.83 bp | 31.2 bp −$31 | 107.9 bp −$1,079 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TOWNS-USDTshort | +0.0041% | 4h | 0.002074 | +0.145% | $133K | $4K | 10x | |
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002073 | +0.078% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDT | +0.0100% | 4h | 0.002068 | −0.168% | $2.0M | $1.3M | 10x | as long as short |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002066 | −0.241% | $373K | $114K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002071 | 0.000% | $70K | $14K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002069 | −0.097% | $398K | $119K | 100x | as long as short |
| KuCoin TOWNSUSDTM | +0.0100% | 4h | 0.002074 | +0.145% | $247K | $31K | 10x | as long as short |
| Bitget TOWNSUSDT | +0.0100% | 4h | 0.002074 | +0.145% | $339K | $43K | 5x | as long as short |
| BingX TOWNS-USDTlong | +0.0100% | 4h | 0.002071 | long leg | — | $2.3M | — | |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002065 | −0.307% | $193 | $553 | — | as long as short |
Aster TOWNSUSDT
Binance TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
KuCoin TOWNSUSDTM
Bitget TOWNSUSDT
Variational Omni TOWNSShow 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 | +0.145% | $77K | $4K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.1683% | 1h | 0.002073 | +0.097% | — | — | 25x | as long as short |
Coinbase International TOWNS-PERP-INTX
Deribit TOWNS_USDC-PERPETUAL