Funding arb · Price arb /

TOWNS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.2092%/8h= +229.1% APRpaid last 24h −0.474%

Price spread now: KuCoin against Coinbase International−0.802%51s7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−5.453%−$545 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. KuCoin is 0.802% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.802% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$80 on $10k: about 31 hours of funding at the current rate (+$63 a day). Mind the row above: over the last 7 days funding on this pair cost −5.453%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TOWNS-PERP-INTX	0.002121	−0.1992	get 0.0249% / 1h	2m 23s	$79K	$3K	25x
Short	KuCoin TOWNSUSDTM	0.002104	0.0100	get 0.0050% / 4h	3h 02m	$245K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now −0.802%Rate

Funding earned: $439.32
Price spread: −0.802% → 0.000%: −$80.15
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $337.17
Costs to cover: 0.220%
Break-even: 1.6 days

Slippage unknown: Coinbase International: no order-book sample; KuCoin: live order book, 19 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 KuCoin live order book, 19 min ago	19.10 bp	1071.2 bp −$1,071	doesn't fit	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
Coinbase International TOWNS-PERP-INTXlong	−0.1992%	1h	0.002121	long leg	$79K	$3K	25x
Aster TOWNSUSDT	+0.0100%	4h	0.002105	−0.749%	$10K	$5K	5x	as long as short
Binance TOWNSUSDT	+0.0100%	4h	0.002107	−0.667%	$2.0M	$1.3M	10x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002108	−0.613%	$71K	$17K	10x	as long as short
MEXC TOWNS_USDT	+0.0100%	4h	0.002107	−0.660%	$437K	$139K	100x	as long as short
KuCoin TOWNSUSDTMshort	+0.0100%	4h	0.002104	−0.802%	$245K	$33K	10x
Variational Omni TOWNS	+0.0100%	4h	0.002108	−0.606%	$197	$549	—	as long as short
BloFin TOWNS-USDT	+0.0102%	4h	0.002107	−0.660%	$130K	$4K	10x	as long as short
Bitget TOWNSUSDT	+0.0196%	4h	0.002108	−0.613%	$347K	$56K	5x	as long as short
BingX TOWNS-USDT	+0.0846%	4h	0.002107	−0.660%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TOWNSUSDT	+0.0902%	4h	0.002107	−0.660%	$381K	$125K	5x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.3549%	1h	0.002114	−0.330%	—	—	25x	as long as short