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

TOWNS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.3019%/8h= −330.5% APRpaid last 24h
Price spread now: Aster against Deribit−0.244%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$91 a day on $10k at the current rate, and Aster is 0.244% cheaper against Deribit than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit TOWNS_USDC-PERPETUAL0.0020850.3119pay 0.0390% / 1h3m 52s25x
ShortAster TOWNSUSDT0.0020800.0100get 0.0050% / 4h3m 52s$10K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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
−$633.91
Price spread: −0.244% → 0.000%
−$24.41
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Aster: 4 bp × 2 orders
−$8
Net
−$673.32
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell Aster no order-book sample
Deribit and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin TOWNS-USDT+0.0042%4h0.002080−0.240%$132K$4K10xas long as short
Aster TOWNSUSDTshort+0.0100%4h0.002080−0.244%$10K$6K5x
Binance TOWNSUSDT+0.0100%4h0.002080−0.240%$2.0M$1.3M10xas long as short
Bybit TOWNSUSDT+0.0100%4h0.002080−0.240%$382K$116K5xas long as short
Gate TOWNS_USDT+0.0100%4h0.002080−0.240%$71K$15K10xas long as short
MEXC TOWNS_USDT+0.0100%4h0.002080−0.240%$400K$122K100xas long as short
KuCoin TOWNSUSDTM+0.0100%4h0.002078−0.336%$248K$31K10xas long as short
Bitget TOWNSUSDT+0.0100%4h0.002080−0.240%$340K$38K5xas long as short
BingX TOWNS-USDT+0.0100%4h0.002081−0.192%$2.3Mas long as short
Variational Omni TOWNS+0.0100%4h0.002080−0.233%$195$549as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International TOWNS-PERP-INTX+0.0816%1h0.002074−0.528%$77K$3K25xas long as short
Deribit TOWNS_USDC-PERPETUALlong+0.3119%1h0.002085long leg25x