Funding arb · Price arb /

TOWNS

all TOWNS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0989%/8h= +108.3% APRpaid last 24h +0.935%

Price spread now: Coinbase International against BloFin+0.242%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+5.561%+$556 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Coinbase International is 0.242% dearer against BloFin than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TOWNS-USDT	0.002069	0.0203	pay 0.0102% / 4h	1h 34m	$132K	$5K	10x
Short	Coinbase International TOWNS-PERP-INTX	0.002074	0.1192	get 0.0149% / 1h	34m 51s	$77K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.242%Rate

Funding earned: $207.67
Price spread: +0.242% → 0.000%: $24.17
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $209.83
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 1 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 BloFin live order book, 1 min ago	4.83 bp	24.2 bp −$24	188.7 bp −$1,887	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
Aster TOWNSUSDT	+0.0100%	4h	0.002071	+0.093%	$10K	$6K	5x	as long as short
Bybit TOWNSUSDT	+0.0100%	4h	0.002073	+0.193%	$375K	$115K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002073	+0.193%	$71K	$20K	10x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002071	+0.077%	$194	$555	—	as long as short
Binance TOWNSUSDT	+0.0165%	4h	0.002073	+0.193%	$2.0M	$1.3M	10x	as long as short
MEXC TOWNS_USDT	+0.0172%	4h	0.002072	+0.145%	$401K	$121K	100x	as long as short
BloFin TOWNS-USDTlong	+0.0203%	4h	0.002069	long leg	$132K	$5K	10x
KuCoin TOWNSUSDTM	+0.0330%	4h	0.002073	+0.193%	$247K	$31K	10x	as long as short
Bitget TOWNSUSDT	+0.0390%	4h	0.002072	+0.145%	$339K	$47K	5x	as long as short
BingX TOWNS-USDT	+0.0404%	4h	0.002073	+0.193%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TOWNS-PERP-INTXshort	+0.1192%	1h	0.002074	+0.242%	$77K	$4K	25x
Deribit TOWNS_USDC-PERPETUAL	+0.3132%	1h	0.002077	+0.387%	—	—	25x	as long as short