Funding you earn now, next payment 08:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.036%
Price spread now: BloFin against Bitget−0.478%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1541.542% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.498%+$50 · spread now −0.478%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.463% cheaper against Bitget than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TOWNSUSDT | 0.002094 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $343K | $45K | 5x |
| Short | BloFin TOWNS-USDT | 0.002084 | 0.0049 | get 0.0025% / 4h | 1h 38m | $131K | $4K | 10x |
Bitget TOWNSUSDT
BloFin TOWNS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$10.66
- Price spread: −0.478% → −0.015%
- −$46.27
- Slippage, 4 orders
- −$130.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$211.12
- Costs to cover
- 1.542%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 61 min ago; BloFin: live order book, 33 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, 61 min ago | 9.63 bp | 52.7 bp −$53 | 833.8 bp −$8,338 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 2.40 bp | 27.6 bp −$28 | 142.0 bp −$1,420 | 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 | −0.0240% | 1h | 0.002222 | +6.113% | $83K | $4K | 25x | as long as short |
| BloFin TOWNS-USDTshort | +0.0049% | 4h | 0.002084 | −0.478% | $131K | $4K | 10x | |
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002088 | −0.299% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDT | +0.0100% | 4h | 0.002092 | −0.099% | $2.0M | $1.3M | 10x | as long as short |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002090 | −0.191% | $383K | $120K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002094 | 0.000% | $70K | $15K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002090 | −0.191% | $438K | $138K | 100x | as long as short |
| KuCoin TOWNSUSDTM | +0.0100% | 4h | 0.002093 | −0.048% | $250K | $31K | 10x | as long as short |
| Bitget TOWNSUSDTlong | +0.0100% | 4h | 0.002094 | long leg | $343K | $45K | 5x | |
| BingX TOWNS-USDT | +0.0100% | 4h | 0.002093 | −0.048% | — | $2.3M | — | as long as short |
Coinbase International TOWNS-PERP-INTX
Aster TOWNSUSDT
Binance TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
KuCoin TOWNSUSDTM
BingX TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TOWNS | +0.0100% | 4h | 0.002084 | −0.471% | $195 | $549 | — | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.2142% | 1h | 0.002095 | +0.048% | — | — | 25x | as long as short |
Variational Omni TOWNS
Deribit TOWNS_USDC-PERPETUAL