Settings8H · net · $10k
Funding arb · Price arb /

TOWNS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: KuCoin against Bitget−0.336%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,914as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,931as in the Price arb table
costs, in and out, $10k−$1,90519.053% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.087%−$9 on $10k
Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.336%, 7d avg −0.078%
Together, before fees+0.199%+$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.258% cheaper against Bitget than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TOWNSUSDT0.0020860.0100pay 0.0050% / 4h3h 57m$341K$38K5x
ShortKuCoin TOWNSUSDTM0.0020790.0100get 0.0050% / 4h3h 57m$248K$31K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: −0.336% → −0.078%
−$25.77
Slippage, 4 orders
−$1,881.26
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,931.03
Costs to cover
19.053%
Break-even
never at this rate
Slippage from Bitget: live order book, 53 min ago; KuCoin: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 53 min ago9.66 bp38.8 bp −$39729.1 bp −$7,291doesn't fitdoesn't fit
Sell KuCoin live order book, 14 min ago26.42 bp733.2 bp −$733doesn't fitdoesn't fitdoesn't fit

TOWNS on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TOWNSUSDT+0.0100%4h0.002082−0.178%$10K$6K5xas long as short
Binance TOWNSUSDT+0.0100%4h0.002083−0.129%$2.0M$1.3M10xas long as short
Bybit TOWNSUSDT+0.0100%4h0.002079−0.336%$382K$117K5xas long as short
Gate TOWNS_USDT+0.0100%4h0.002081−0.240%$71K$14K10xas long as short
MEXC TOWNS_USDT+0.0100%4h0.002082−0.192%$398K$120K100xas long as short
KuCoin TOWNSUSDTMshort+0.0100%4h0.002079−0.336%$248K$31K10x
Bitget TOWNSUSDTlong+0.0100%4h0.002086long leg$341K$38K5x
BingX TOWNS-USDT+0.0100%4h0.002085−0.048%$2.3Mas long as short
Variational Omni TOWNS+0.0100%4h0.002081−0.233%$194$549as long as short
BloFin TOWNS-USDT+0.0112%4h0.002083−0.144%$132K$4K10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International TOWNS-PERP-INTX+0.0328%1h0.002074−0.575%$77K$3K25xas long as short
Deribit TOWNS_USDC-PERPETUAL+0.3119%1h0.002085−0.048%25xas long as short