Funding you earn now, next payment 04:00 UTC+0.0267%/8h= +29.2% APRnext payment +$1.33 per $10,000 · paid last 24h +0.035%
Price spread now: Bitget against BloFin−0.048%115s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as 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−$1491.492% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.048%, 7d avg +0.015%
=Funding pays, the price is against you. Bitget is 0.063% cheaper against BloFin than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.015%). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.027% in total) that is about 16 days. The two prices were read 115 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 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.33 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 | 0.002072 | 0.0175 | pay 0.0088% / 4h | 1h 41m | $132K | $5K | 10x |
| Short | Bitget TOWNSUSDT | 0.002071 | 0.0442 | get 0.0221% / 4h | 1h 41m | $338K | $47K | 5x |
BloFin TOWNS-USDT
Bitget TOWNSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- $56.01
- Price spread: −0.048% → +0.015%
- −$6.28
- Slippage, 4 orders
- −$125.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$99.49
- Costs to cover
- 1.492%
- Break-even
- 19.4 days
Slippage from BloFin: live order book, 69 min ago; Bitget: live order book, 14 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, 69 min ago | 2.42 bp | 18.6 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 14 min ago | 9.66 bp | 37.7 bp −$38 | 449.0 bp −$4,490 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002073 | +0.071% | $10K | $6K | 5x | as long as short |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002073 | +0.048% | $374K | $114K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002073 | +0.048% | $71K | $19K | 10x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002068 | −0.186% | $193 | $555 | — | as long as short |
| BloFin TOWNS-USDTlong | +0.0175% | 4h | 0.002072 | long leg | $132K | $5K | 10x | |
| MEXC TOWNS_USDT | +0.0196% | 4h | 0.002072 | 0.000% | $401K | $121K | 100x | as long as short |
| Binance TOWNSUSDT | +0.0197% | 4h | 0.002072 | 0.000% | $2.0M | $1.3M | 10x | as long as short |
| KuCoin TOWNSUSDTM | +0.0386% | 4h | 0.002073 | +0.048% | $247K | $30K | 10x | as long as short |
| BingX TOWNS-USDT | +0.0438% | 4h | 0.002072 | 0.000% | — | $2.3M | — | as long as short |
| Bitget TOWNSUSDTshort | +0.0442% | 4h | 0.002071 | −0.048% | $338K | $47K | 5x |
Aster TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
Variational Omni TOWNS
MEXC TOWNS_USDT
Binance TOWNSUSDT
KuCoin TOWNSUSDTM
BingX TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | +0.1192% | 1h | 0.002074 | +0.097% | $77K | $4K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.4092% | 1h | 0.002082 | +0.483% | — | — | 25x | as long as short |
Coinbase International TOWNS-PERP-INTX
Deribit TOWNS_USDC-PERPETUAL