Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against Bitget−0.129%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1521.516% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.135%−$14 · spread now −0.129%, 7d avg −0.072%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.056% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TOWNSUSDT | 0.002051 | 0.0158 | pay 0.0079% / 4h | 58m 16s | $337K | $48K | 5x |
| Short | Binance TOWNSUSDT | 0.002048 | 0.0100 | get 0.0050% / 4h | 58m 16s | $2.0M | $1.3M | 10x |
Bitget TOWNSUSDT
Binance TOWNSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$12.18
- Price spread: −0.129% → −0.072%
- −$5.64
- Slippage, 4 orders
- −$129.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$169.47
- Costs to cover
- 1.516%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 12 min ago; Binance: live order book, 6 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 Bitget live order book, 12 min ago | 9.77 bp | 34.6 bp −$35 | 734.7 bp −$7,347 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 4.89 bp | 44.7 bp −$45 | 374.3 bp −$3,743 | 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 | −0.975% | $76K | $4K | 25x | as long as short |
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002045 | −0.311% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDTshort | +0.0100% | 4h | 0.002048 | −0.129% | $2.0M | $1.3M | 10x | |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002045 | −0.293% | $369K | $114K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002046 | −0.244% | $70K | $19K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002047 | −0.195% | $392K | $124K | 100x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002046 | −0.233% | $457 | $285 | — | as long as short |
| BloFin TOWNS-USDT | +0.0123% | 4h | 0.002049 | −0.098% | $131K | $4K | 10x | as long as short |
| Bitget TOWNSUSDTlong | +0.0158% | 4h | 0.002051 | long leg | $337K | $48K | 5x | |
| BingX TOWNS-USDT | +0.0160% | 4h | 0.002048 | −0.146% | — | $2.3M | — | as long as short |
Coinbase International TOWNS-PERP-INTX
Aster TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
Variational Omni TOWNS
BloFin TOWNS-USDT
BingX TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TOWNSUSDTM | +0.0486% | 4h | 0.002050 | −0.049% | $260K | $23K | 10x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.4151% | 1h | 0.002054 | +0.146% | — | — | 25x | as long as short |
KuCoin TOWNSUSDTM
Deribit TOWNS_USDC-PERPETUAL