Funding arb · Price arb /

TOWNS

all TOWNS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1254%/8h= −137.3% APRpaid last 24h +1.148%

Price spread now: Coinbase International against Bitget−0.733%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+5.568%+$557 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Coinbase International is 0.733% cheaper against Bitget than usual: you would sell low and buy high (−$73 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +5.568%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TOWNSUSDT	0.002046	0.0606	pay 0.0303% / 4h	8m 57s	$336K	$48K	5x
Short	Coinbase International TOWNS-PERP-INTX	0.002031	−0.0648	pay 0.0081% / 1h	8m 57s	$76K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.733%Rate

Funding earned: −$263.34
Price spread: −0.733% → 0.000%: −$73.31
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$358.65
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 61 min ago; Coinbase International: no order-book sample. Net counts fees only.

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	9.77 bp	34.6 bp −$35	734.7 bp −$7,347	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-INTXshort	−0.0648%	1h	0.002031	−0.733%	$76K	$4K	25x
Aster TOWNSUSDT	+0.0100%	4h	0.002040	−0.276%	$10K	$6K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002046	0.000%	$70K	$19K	10x	as long as short
MEXC TOWNS_USDT	+0.0100%	4h	0.002043	−0.147%	$392K	$127K	100x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002043	−0.137%	$456	$286	—	as long as short
Binance TOWNSUSDT	+0.0112%	4h	0.002044	−0.088%	$2.0M	$1.3M	10x	as long as short
BloFin TOWNS-USDT	+0.0148%	4h	0.002043	−0.147%	$131K	$4K	10x	as long as short
Bybit TOWNSUSDT	+0.0364%	4h	0.002041	−0.244%	$368K	$113K	5x	as long as short
BingX TOWNS-USDT	+0.0478%	4h	0.002043	−0.147%	—	$2.3M	—	as long as short
Bitget TOWNSUSDTlong	+0.0606%	4h	0.002046	long leg	$336K	$48K	5x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TOWNSUSDTM	+0.0738%	4h	0.002045	−0.049%	$259K	$24K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.3176%	1h	0.002050	+0.196%	—	—	25x	as long as short