Funding you earn now, next payment 00:00 UTC−0.4438%/8h= −486.0% APRpaid last 24h —
Price spread now: Binance against Deribit−0.325%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$133 a day on $10k at the current rate, and Binance is 0.325% cheaper against Deribit than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TOWNS_USDC-PERPETUAL | 0.002062 | 0.4623 | pay 0.0578% / 1h | 3m 23s | — | — | 25x |
| Short | Binance TOWNSUSDT | 0.002055 | 0.0185 | get 0.0093% / 4h | 3m 23s | $2.0M | $1.3M | 10x |
Deribit TOWNS_USDC-PERPETUAL
Binance TOWNSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$932.02
- Price spread: −0.325% → 0.000%
- −$32.49
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$981.51
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 16 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 16 min ago | 2.45 bp | 41.7 bp −$42 | 373.7 bp −$3,737 | doesn't fit | doesn't fit |
Deribit: 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-INTX | −0.0648% | 1h | 0.002031 | −1.503% | $76K | $4K | 25x | as long as short |
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002048 | −0.671% | $10K | $6K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002052 | −0.485% | $71K | $19K | 10x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002043 | −0.911% | $456 | $286 | — | as long as short |
| BloFin TOWNS-USDT | +0.0138% | 4h | 0.002044 | −0.873% | $131K | $4K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0184% | 4h | 0.002054 | −0.388% | $394K | $128K | 100x | as long as short |
| Binance TOWNSUSDTshort | +0.0185% | 4h | 0.002055 | −0.325% | $2.0M | $1.3M | 10x | |
| BingX TOWNS-USDT | +0.0576% | 4h | 0.002052 | −0.485% | — | $2.3M | — | as long as short |
| Bybit TOWNSUSDT | +0.0628% | 4h | 0.002053 | −0.436% | $370K | $114K | 5x | as long as short |
| Bitget TOWNSUSDT | +0.0750% | 4h | 0.002056 | −0.291% | $338K | $48K | 5x | as long as short |
Coinbase International TOWNS-PERP-INTX
Aster TOWNSUSDT
Gate TOWNS_USDT
Variational Omni TOWNS
BloFin TOWNS-USDT
MEXC TOWNS_USDT
BingX TOWNS-USDT
Bybit TOWNSUSDT
Bitget TOWNSUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TOWNSUSDTM | +0.0836% | 4h | 0.002054 | −0.388% | $260K | $24K | 10x | as long as short |
| Deribit TOWNS_USDC-PERPETUALlong | +0.4623% | 1h | 0.002062 | long leg | — | — | 25x |
KuCoin TOWNSUSDTM