Funding arb · Price arb /

TOWNS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0748%/8h= +81.9% APRpaid last 24h −1.148%

Price spread now: Gate against Coinbase International+0.739%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−5.632%−$563 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Gate is 0.739% dearer against Coinbase International than usual: you sell high and buy low: +$74 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −5.632%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TOWNS-PERP-INTX	0.002031	−0.0648	get 0.0081% / 1h	8m 37s	$76K	$4K	25x
Short	Gate TOWNS_USDT	0.002046	0.0100	get 0.0050% / 4h	8m 37s	$70K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GatebpOrdersPrice spread, now +0.739%Rate

Funding earned: $157.08
Price spread: +0.739% → 0.000%: $73.86
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $205.94
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Gate no order-book sample	—	—	—	—	—

Coinbase International and 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-INTXlong	−0.0648%	1h	0.002031	long leg	$76K	$4K	25x
Aster TOWNSUSDT	+0.0100%	4h	0.002040	+0.460%	$10K	$6K	5x	as long as short
Gate TOWNS_USDTshort	+0.0100%	4h	0.002046	+0.739%	$70K	$19K	10x
Variational Omni TOWNS	+0.0100%	4h	0.002043	+0.601%	$456	$286	—	as long as short
MEXC TOWNS_USDT	+0.0112%	4h	0.002044	+0.640%	$392K	$127K	100x	as long as short
Binance TOWNSUSDT	+0.0129%	4h	0.002043	+0.591%	$2.0M	$1.3M	10x	as long as short
BloFin TOWNS-USDT	+0.0148%	4h	0.002043	+0.591%	$131K	$4K	10x	as long as short
Bybit TOWNSUSDT	+0.0364%	4h	0.002041	+0.492%	$368K	$113K	5x	as long as short
BingX TOWNS-USDT	+0.0478%	4h	0.002043	+0.591%	—	$2.3M	—	as long as short
Bitget TOWNSUSDT	+0.0624%	4h	0.002046	+0.739%	$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	+0.689%	$259K	$24K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.3176%	1h	0.002050	+0.935%	—	—	25x	as long as short