Funding you earn now, next payment 04:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.808%
Price spread now: Binance against Coinbase International+0.701%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−5.521%−$552 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. Binance is 0.701% dearer against Coinbase International than usual: you sell high and buy low (spread +0.701% now, against zero (this spread has no 7-day history yet)): +$70 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−5.521% in total) that is about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TOWNS-PERP-INTX | 0.002074 | 0.0328 | pay 0.0041% / 1h | 11m 43s | $77K | $3K | 25x |
| Short | Binance TOWNSUSDT | 0.002089 | 0.0100 | get 0.0050% / 4h | 3h 11m | $2.0M | $1.3M | 10x |
Coinbase International TOWNS-PERP-INTX
Binance TOWNSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- −$47.88
- Price spread: +0.701% → 0.000%
- $70.06
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $2.18
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 7 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 2.39 bp | 41.1 bp −$41 | 456.7 bp −$4,567 | doesn't fit | doesn't fit |
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 | 0.002087 | +0.621% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDTshort | +0.0100% | 4h | 0.002089 | +0.701% | $2.0M | $1.3M | 10x | |
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002087 | +0.627% | $384K | $116K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002091 | +0.820% | $71K | $15K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002088 | +0.675% | $436K | $127K | 100x | as long as short |
| KuCoin TOWNSUSDTM | +0.0100% | 4h | 0.002089 | +0.723% | $249K | $31K | 10x | as long as short |
| Bitget TOWNSUSDT | +0.0100% | 4h | 0.002091 | +0.820% | $343K | $39K | 5x | as long as short |
| BingX TOWNS-USDT | +0.0100% | 4h | 0.002088 | +0.675% | — | $2.3M | — | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002092 | +0.874% | $195 | $549 | — | as long as short |
| BloFin TOWNS-USDT | +0.0134% | 4h | 0.002093 | +0.916% | $132K | $4K | 10x | as long as short |
Aster TOWNSUSDT
Bybit TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
KuCoin TOWNSUSDTM
Bitget TOWNSUSDT
BingX TOWNS-USDT
Variational Omni TOWNS
BloFin TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTXlong | +0.0328% | 1h | 0.002074 | long leg | $77K | $3K | 25x | |
| Deribit TOWNS_USDC-PERPETUAL | +0.4546% | 1h | 0.002095 | +1.013% | — | — | 25x | as long as short |
Deribit TOWNS_USDC-PERPETUAL