TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0403%/8h= +44.1% APRnext payment +$2.01 per $10,000 · paid last 24h +0.022%

Price spread now: BingX against BloFin0.000%51s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as 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−$1381.382% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now 0.000%, 7d avg −0.014%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TOWNS-USDT	0.002057	0.0283	pay 0.0142% / 4h	0m 23s	$132K	$4K	10x
Short	BingX TOWNS-USDT	0.002057	0.0686	get 0.0343% / 4h	0m 23s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $84.62
Price spread: 0.000% → −0.014%: $1.39
Slippage, 4 orders: −$116.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$52.21
Costs to cover: 1.382%
Break-even: 11.3 days

Slippage from BloFin: live order book, 61 min ago; BingX: live order book, 7 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, 61 min ago	4.89 bp	21.8 bp −$22	128.6 bp −$1,286	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	9.78 bp	44.4 bp −$44	150.1 bp −$1,501	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	−0.0648%	1h	0.002031	−1.264%	$76K	$4K	25x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002057	0.000%	$71K	$19K	10x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002059	+0.108%	$460	$286	—	as long as short
Aster TOWNSUSDT	+0.0144%	4h	0.002051	−0.270%	$10K	$6K	5x	as long as short
MEXC TOWNS_USDT	+0.0264%	4h	0.002059	+0.097%	$395K	$128K	100x	as long as short
BloFin TOWNS-USDTlong	+0.0283%	4h	0.002057	long leg	$132K	$4K	10x
Binance TOWNSUSDT	+0.0321%	4h	0.002060	+0.142%	$2.0M	$1.3M	10x	as long as short
Bybit TOWNSUSDT	+0.0643%	4h	0.002055	−0.097%	$371K	$114K	5x	as long as short
BingX TOWNS-USDTshort	+0.0686%	4h	0.002057	0.000%	—	$2.3M	—
Bitget TOWNSUSDT	+0.0870%	4h	0.002056	−0.049%	$338K	$48K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TOWNSUSDTM	+0.0956%	4h	0.002060	+0.146%	$261K	$24K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.6566%	1h	0.002068	+0.535%	—	—	25x	as long as short