TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.011%

Price spread now: Binance against BloFin−0.171%101s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1681.682% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.171%, 7d avg −0.039%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.133% cheaper against BloFin than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of −0.039%). If the spread goes back, that is −$13 on $10k: about 25 days of funding at the current rate (+$1 a day). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TOWNS-USDT	0.002117	0.0083	pay 0.0041% / 4h	41m 30s	$132K	$4K	10x
Short	Binance TOWNSUSDT	0.002113	0.0100	get 0.0050% / 4h	41m 30s	$2.1M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.171%Rate

Funding earned: $3.66
Price spread: −0.171% → −0.039%: −$13.27
Slippage, 4 orders: −$146.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$177.82
Costs to cover: 1.682%
Break-even: 346.9 days

Slippage from BloFin: live order book, 25 min ago; Binance: live order book, 8 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 BloFin live order book, 25 min ago	2.38 bp	39.7 bp −$40	242.6 bp −$2,426	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	4.75 bp	42.7 bp −$43	466.6 bp −$4,666	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	−0.1040%	1h	0.002222	+4.960%	$83K	$4K	25x	as long as short
BloFin TOWNS-USDTlong	+0.0083%	4h	0.002117	long leg	$132K	$4K	10x
Aster TOWNSUSDT	+0.0100%	4h	0.002114	−0.153%	$10K	$5K	5x	as long as short
Binance TOWNSUSDTshort	+0.0100%	4h	0.002113	−0.171%	$2.1M	$1.3M	10x
Bybit TOWNSUSDT	+0.0100%	4h	0.002112	−0.236%	$385K	$126K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002114	−0.142%	$71K	$16K	10x	as long as short
MEXC TOWNS_USDT	+0.0100%	4h	0.002112	−0.236%	$434K	$137K	100x	as long as short
KuCoin TOWNSUSDTM	+0.0100%	4h	0.002117	0.000%	$252K	$31K	10x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002119	+0.075%	$198	$549	—	as long as short
Bitget TOWNSUSDT	+0.0274%	4h	0.002116	−0.047%	$349K	$52K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX TOWNS-USDT	+0.0284%	4h	0.002112	−0.236%	—	$2.3M	—	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.3066%	1h	0.002118	+0.047%	—	—	25x	as long as short