TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0304%/8h= −33.3% APRnext payment −$1.52 per $10,000 · paid last 24h −0.022%

Price spread now: Gate against Bybit+0.245%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$12 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.245% dearer against Bybit than usual: you sell high and buy low (spread +0.245% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.52 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	Bybit TOWNSUSDT	0.002041	0.0404	pay 0.0202% / 4h	8m 14s	$368K	$113K	5x
Short	Gate TOWNS_USDT	0.002046	0.0100	get 0.0050% / 4h	8m 14s	$70K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.245%Rate

Funding earned: −$63.84
Price spread: +0.245% → 0.000%: $24.5
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.35
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 61 min ago; Gate: 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 Bybit live order book, 61 min ago	7.36 bp	1800.5 bp −$1,801	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: 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
Coinbase International TOWNS-PERP-INTX	−0.0648%	1h	0.002031	−0.490%	$76K	$4K	25x	as long as short
Aster TOWNSUSDT	+0.0100%	4h	0.002040	−0.032%	$10K	$6K	5x	as long as short
Gate TOWNS_USDTshort	+0.0100%	4h	0.002046	+0.245%	$70K	$19K	10x
Variational Omni TOWNS	+0.0100%	4h	0.002043	+0.108%	$456	$286	—	as long as short
MEXC TOWNS_USDT	+0.0112%	4h	0.002044	+0.147%	$392K	$127K	100x	as long as short
Binance TOWNSUSDT	+0.0129%	4h	0.002043	+0.098%	$2.0M	$1.3M	10x	as long as short
BloFin TOWNS-USDT	+0.0148%	4h	0.002043	+0.098%	$131K	$4K	10x	as long as short
Bybit TOWNSUSDTlong	+0.0404%	4h	0.002041	long leg	$368K	$113K	5x
BingX TOWNS-USDT	+0.0478%	4h	0.002043	+0.098%	—	$2.3M	—	as long as short
Bitget TOWNSUSDT	+0.0624%	4h	0.002046	+0.245%	$336K	$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	+0.0746%	4h	0.002045	+0.196%	$259K	$24K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.3666%	1h	0.002051	+0.490%	—	—	25x	as long as short