Settings8H · net · $10k
Funding arb · Price arb /

TOWNS

all TOWNS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: KuCoin against Bybit0.000%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5,206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5,215as in the Price arb table
costs, in and out, $10k−$5,21652.159% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.102%+$10 on $10k
Price spread, last 4 days (all we have)+0.117%+$12 · spread now 0.000%, 7d avg −0.004%
Together, before fees+0.218%+$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TOWNSUSDT0.0021020.0100pay 0.0050% / 4h3h 29m$387K$117K5x
ShortKuCoin TOWNSUSDTM0.0021020.0100get 0.0050% / 4h3h 29m$251K$30K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: 0.000% → −0.004%
$0.41
Slippage, 4 orders
−$5,192.85
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$5,215.44
Costs to cover
52.159%
Break-even
never at this rate
Slippage from Bybit: live order book, 15 min ago; KuCoin: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 15 min ago7.16 bp2676.9 bp −$2,677doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 42 min ago26.42 bp733.2 bp −$733doesn't fitdoesn't fitdoesn't fit

TOWNS on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin TOWNS-USDT+0.0060%4h0.002090−0.571%$132K$4K10xas long as short
Aster TOWNSUSDT+0.0100%4h0.002102−0.020%$10K$6K5xas long as short
Binance TOWNSUSDT+0.0100%4h0.002106+0.198%$2.0M$1.3M10xas long as short
Bybit TOWNSUSDTlong+0.0100%4h0.002102long leg$387K$117K5x
Gate TOWNS_USDT+0.0100%4h0.002108+0.285%$71K$14K10xas long as short
MEXC TOWNS_USDT+0.0100%4h0.002104+0.095%$400K$121K100xas long as short
KuCoin TOWNSUSDTMshort+0.0100%4h0.0021020.000%$251K$30K10x
Bitget TOWNSUSDT+0.0100%4h0.002101−0.048%$345K$39K5xas long as short
BingX TOWNS-USDT+0.0100%4h0.002105+0.143%$2.3Mas long as short
Variational Omni TOWNS+0.0100%4h0.002091−0.541%$195$549as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International TOWNS-PERP-INTX+0.0328%1h0.002074−1.332%$77K$3K25xas long as short
Deribit TOWNS_USDC-PERPETUAL+0.3082%1h0.002108+0.285%25xas long as short