Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.007%
Price spread now: BingX against Bitget−0.096%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$1951.948% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.096%, 7d avg −0.027%
=Funding pays, the price is against you. BingX is 0.069% cheaper against Bitget than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.027%). If the spread goes back, that is −$7 on $10k: about 23 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.104% in total) that is about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TOWNSUSDT | 0.002087 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $343K | $42K | 5x |
| Short | BingX TOWNS-USDT | 0.002085 | 0.0110 | get 0.0055% / 4h | 1h 43m | — | $2.3M | — |
Bitget TOWNSUSDT
BingX TOWNS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $2.1
- Price spread: −0.096% → −0.027%
- −$6.89
- Slippage, 4 orders
- −$172.84
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$199.64
- Costs to cover
- 1.948%
- Break-even
- 672.5 days
Slippage from Bitget: live order book, 57 min ago; BingX: live order book, 5 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, 57 min ago | 9.63 bp | 52.7 bp −$53 | 833.8 bp −$8,338 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 9.60 bp | 49.2 bp −$49 | 192.4 bp −$1,924 | 1265.2 bp −$126.5K | 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 | −0.0240% | 1h | 0.002222 | +6.469% | $83K | $4K | 25x | as long as short |
| BloFin TOWNS-USDT | +0.0093% | 4h | 0.002085 | −0.096% | $131K | $4K | 10x | as long as short |
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002085 | −0.089% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDT | +0.0100% | 4h | 0.002086 | −0.057% | $2.0M | $1.3M | 10x | as long as short |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002086 | −0.048% | $384K | $119K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002086 | −0.048% | $70K | $15K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002087 | 0.000% | $437K | $138K | 100x | as long as short |
| KuCoin TOWNSUSDTM | +0.0100% | 4h | 0.002084 | −0.144% | $249K | $31K | 10x | as long as short |
| Bitget TOWNSUSDTlong | +0.0100% | 4h | 0.002087 | long leg | $343K | $42K | 5x | |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002082 | −0.233% | $195 | $549 | — | as long as short |
Coinbase International TOWNS-PERP-INTX
BloFin TOWNS-USDT
Aster TOWNSUSDT
Binance TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
KuCoin TOWNSUSDTM
Variational Omni TOWNSShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX TOWNS-USDTshort | +0.0110% | 4h | 0.002085 | −0.096% | — | $2.3M | — | |
| Deribit TOWNS_USDC-PERPETUAL | +0.3107% | 1h | 0.002092 | +0.240% | — | — | 25x | as long as short |
Deribit TOWNS_USDC-PERPETUAL