Funding you earn now, next payment 04:00 UTC−0.0326%/8h= −35.7% APRnext payment −$1.63 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against BingX−0.048%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,097as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,068as in the Price arb table
costs, in and out, $10k−$2,06820.679% of the position
Funding, last 7 days−0.291%−$29 on $10k
+Price spread, last 4 days (all we have)−0.401%−$40 · spread now −0.048%, 7d avg −0.045%
=The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TOWNS-USDT | 0.002074 | 0.0426 | pay 0.0213% / 4h | 1h 43m | — | $2.3M | — |
| Short | Bybit TOWNSUSDT | 0.002073 | 0.0100 | get 0.0050% / 4h | 1h 43m | $374K | $114K | 5x |
BingX TOWNS-USDT
Bybit TOWNSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$68.46
- Price spread: −0.048% → −0.045%
- −$0.3
- Slippage, 4 orders
- −$2,046.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,136.69
- Costs to cover
- 20.679%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Bybit: 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, 4 min ago | 9.69 bp | 47.0 bp −$47 | 276.4 bp −$2,764 | 1334.7 bp −$133.5K | 1491.9 bp −$746.0K |
| Sell Bybit live order book, 11 min ago | 9.67 bp | 712.2 bp −$712 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002073 | −0.060% | $10K | $6K | 5x | as long as short |
| Bybit TOWNSUSDTshort | +0.0100% | 4h | 0.002073 | −0.048% | $374K | $114K | 5x | |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002071 | −0.145% | $71K | $19K | 10x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002068 | −0.283% | $193 | $555 | — | as long as short |
| BloFin TOWNS-USDT | +0.0175% | 4h | 0.002072 | −0.096% | $132K | $5K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0188% | 4h | 0.002075 | +0.048% | $401K | $121K | 100x | as long as short |
| Binance TOWNSUSDT | +0.0203% | 4h | 0.002074 | 0.000% | $2.0M | $1.3M | 10x | as long as short |
| KuCoin TOWNSUSDTM | +0.0404% | 4h | 0.002073 | −0.048% | $247K | $30K | 10x | as long as short |
| BingX TOWNS-USDTlong | +0.0426% | 4h | 0.002074 | long leg | — | $2.3M | — | |
| Bitget TOWNSUSDT | +0.0450% | 4h | 0.002071 | −0.145% | $338K | $47K | 5x | as long as short |
Aster TOWNSUSDT
Gate TOWNS_USDT
Variational Omni TOWNS
BloFin TOWNS-USDT
MEXC TOWNS_USDT
Binance TOWNSUSDT
KuCoin TOWNSUSDTM
Bitget TOWNSUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | +0.1192% | 1h | 0.002074 | 0.000% | $77K | $4K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.4576% | 1h | 0.002082 | +0.386% | — | — | 25x | as long as short |
Coinbase International TOWNS-PERP-INTX
Deribit TOWNS_USDC-PERPETUAL