Funding you earn now, next payment 04:00 UTC+0.0262%/8h= +28.7% APRnext payment +$1.31 per $10,000 · paid last 24h −0.031%
Price spread now: Binance against Bybit−0.157%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3,931as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,966as in the Price arb table
costs, in and out, $10k−$3,95039.500% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.157%, 7d avg +0.006%
=Funding pays, the price is against you. Binance is 0.163% cheaper against Bybit than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of +0.006%). If the spread goes back, that is −$16 on $10k: about 2.1 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.186% in total) that is about 6.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TOWNSUSDT | 0.002070 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $372K | $115K | 5x |
| Short | Binance TOWNSUSDT | 0.002067 | 0.0362 | get 0.0181% / 4h | 2h 28m | $2.0M | $1.3M | 10x |
Bybit TOWNSUSDT
Binance TOWNSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $55.01
- Price spread: −0.157% → +0.006%
- −$16.3
- Slippage, 4 orders
- −$3,928.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$3,911.24
- Costs to cover
- 39.500%
- Break-even
- 504.7 days
Slippage from Bybit: live order book, 31 min ago; Binance: live order book, 5 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 Bybit live order book, 31 min ago | 4.85 bp | 2776.2 bp −$2,776 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.41 bp | 52.3 bp −$52 | 384.4 bp −$3,844 | doesn't fit | doesn't fit |
TOWNS on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TOWNSUSDTlong | +0.0100% | 4h | 0.002070 | long leg | $372K | $115K | 5x | |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002071 | +0.048% | $71K | $19K | 10x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002074 | +0.178% | $194 | $555 | — | as long as short |
| Aster TOWNSUSDT | +0.0213% | 4h | 0.002072 | +0.097% | $10K | $6K | 5x | as long as short |
| MEXC TOWNS_USDT | +0.0360% | 4h | 0.002067 | −0.145% | $396K | $125K | 100x | as long as short |
| Binance TOWNSUSDTshort | +0.0362% | 4h | 0.002067 | −0.157% | $2.0M | $1.3M | 10x | |
| Coinbase International TOWNS-PERP-INTX | +0.0392% | 1h | 0.002171 | +4.879% | $81K | $4K | 25x | as long as short |
| BingX TOWNS-USDT | +0.0650% | 4h | 0.002070 | 0.000% | — | $2.3M | — | as long as short |
| Bitget TOWNSUSDT | +0.0668% | 4h | 0.002068 | −0.097% | $339K | $48K | 5x | as long as short |
| KuCoin TOWNSUSDTM | +0.0866% | 4h | 0.002071 | +0.048% | $247K | $31K | 10x | as long as short |
Gate TOWNS_USDT
Variational Omni TOWNS
Aster TOWNSUSDT
MEXC TOWNS_USDT
Coinbase International TOWNS-PERP-INTX
BingX TOWNS-USDT
Bitget TOWNSUSDT
KuCoin TOWNSUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit TOWNS_USDC-PERPETUAL | +0.4106% | 1h | 0.002075 | +0.242% | — | — | 25x | as long as short |
Deribit TOWNS_USDC-PERPETUAL