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Funding arb · Price arb /

TOWNS

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h −0.927%
Price spread now: BingX against Coinbase International−4.652%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Coinbase InternationalShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−5.425%−$543 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 4.652% cheaper against Coinbase International than usual: you would sell low and buy high (spread −4.652% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$465 on $10k: about 2 months of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −5.425%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International TOWNS-PERP-INTX0.0021710.0392pay 0.0049% / 1h28m 31s$81K$4K25x
ShortBingX TOWNS-USDT0.0020700.0650get 0.0325% / 4h2h 28m—$2.3M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$54.18
Price spread: −4.652% → 0.000%
−$465.22
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$431.04
Costs to cover
0.200%
Break-even
62.7 days
Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample—————
Sell BingX live order book, 10 min ago12.16 bp51.2 bp −$51126.2 bp −$1,262doesn't fitdoesn'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 11 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
Bybit TOWNSUSDT+0.0100%4h0.002070−4.652%$372K$115K5xas long as short
Gate TOWNS_USDT+0.0100%4h0.002071−4.606%$71K$19K10xas long as short
Variational Omni TOWNS+0.0100%4h0.002074−4.483%$194$555—as long as short
Aster TOWNSUSDT+0.0213%4h0.002072−4.575%$10K$6K5xas long as short
MEXC TOWNS_USDT+0.0360%4h0.002067−4.790%$396K$125K100xas long as short
Binance TOWNSUSDT+0.0362%4h0.002068−4.744%$2.0M$1.3M10xas long as short
Coinbase International TOWNS-PERP-INTXlong+0.0392%1h0.002171long leg$81K$4K25x
BingX TOWNS-USDTshort+0.0650%4h0.002070−4.652%—$2.3M—
Bitget TOWNSUSDT+0.0660%4h0.002068−4.744%$339K$48K5xas long as short
KuCoin TOWNSUSDTM+0.0866%4h0.002071−4.606%$247K$31K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit TOWNS_USDC-PERPETUAL+0.4106%1h0.002075−4.422%——25xas long as short