Funding you earn now, next payment 04:00 UTC+0.0550%/8h= +60.2% APRnext payment +$2.75 per $10,000 · paid last 24h +0.046%
Price spread now: BingX against Gate+0.097%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.206%+$21 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 +$16 a day on $10k at the current rate, and BingX is 0.097% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.206% in total (about 10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TOWNS_USDT | 0.002072 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $71K | $19K | 10x |
| Short | BingX TOWNS-USDT | 0.002074 | 0.0650 | get 0.0325% / 4h | 2h 31m | — | $2.3M | — |
Gate TOWNS_USDT
BingX TOWNS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $115.5
- Price spread: +0.097% → 0.000%
- $9.65
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $100.15
- Costs to cover
- 0.250%
- Break-even
- 0.9 days
Slippage unknown: Gate: no order-book sample; BingX: live order book, 7 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 Gate no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 7 min ago | 12.16 bp | 51.2 bp −$51 | 126.2 bp −$1,262 | doesn't fit | doesn't fit |
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 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002071 | −0.048% | $372K | $115K | 5x | as long as short |
| Gate TOWNS_USDTlong | +0.0100% | 4h | 0.002072 | long leg | $71K | $19K | 10x | |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002074 | +0.081% | $194 | $555 | — | as long as short |
| Aster TOWNSUSDT | +0.0222% | 4h | 0.002072 | 0.000% | $10K | $6K | 5x | as long as short |
| MEXC TOWNS_USDT | +0.0364% | 4h | 0.002072 | 0.000% | $397K | $125K | 100x | as long as short |
| Binance TOWNSUSDT | +0.0366% | 4h | 0.002071 | −0.048% | $2.0M | $1.3M | 10x | as long as short |
| Coinbase International TOWNS-PERP-INTX | +0.0392% | 1h | 0.002171 | +4.778% | $81K | $4K | 25x | as long as short |
| BingX TOWNS-USDTshort | +0.0650% | 4h | 0.002074 | +0.097% | — | $2.3M | — | |
| Bitget TOWNSUSDT | +0.0688% | 4h | 0.002070 | −0.097% | $339K | $48K | 5x | as long as short |
| KuCoin TOWNSUSDTM | +0.0890% | 4h | 0.002071 | −0.048% | $247K | $30K | 10x | as long as short |
Bybit TOWNSUSDT
Variational Omni TOWNS
Aster TOWNSUSDT
MEXC TOWNS_USDT
Binance TOWNSUSDT
Coinbase International TOWNS-PERP-INTX
Bitget TOWNSUSDT
KuCoin TOWNSUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit TOWNS_USDC-PERPETUAL | +0.3617% | 1h | 0.002077 | +0.241% | — | — | 25x | as long as short |
Deribit TOWNS_USDC-PERPETUAL