Funding you earn now, next payment 00:00 UTC−0.1516%/8h= −166.0% APRpaid last 24h +1.038%
Price spread now: Coinbase International against Gate+5.388%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+5.627%+$563 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Coinbase International is 5.388% dearer against Gate than usual: you sell high and buy low (spread +5.388% now, against zero (this spread has no 7-day history yet)): +$539 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +5.627%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TOWNS_USDT | 0.002060 | 0.0100 | pay 0.0050% / 4h | 3h 18m | $71K | $19K | 10x |
| Short | Coinbase International TOWNS-PERP-INTX | 0.002171 | −0.1416 | pay 0.0177% / 1h | 18m 25s | $81K | $4K | 25x |
Gate TOWNS_USDT
Coinbase International TOWNS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$318.36
- Price spread: +5.388% → 0.000%
- $538.83
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $195.47
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: Gate: no order-book sample; Coinbase International: 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 Gate no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Gate and 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-INTXshort | −0.1416% | 1h | 0.002171 | +5.388% | $81K | $4K | 25x | |
| Gate TOWNS_USDTlong | +0.0100% | 4h | 0.002060 | long leg | $71K | $19K | 10x | |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002059 | −0.065% | $460 | $286 | — | as long as short |
| Bybit TOWNSUSDT | +0.0177% | 4h | 0.002056 | −0.194% | $369K | $112K | 5x | as long as short |
| Aster TOWNSUSDT | +0.0295% | 4h | 0.002056 | −0.190% | $10K | $6K | 5x | as long as short |
| MEXC TOWNS_USDT | +0.0454% | 4h | 0.002057 | −0.146% | $398K | $127K | 100x | as long as short |
| Binance TOWNSUSDT | +0.0466% | 4h | 0.002057 | −0.146% | $2.0M | $1.3M | 10x | as long as short |
| BloFin TOWNS-USDT | +0.0503% | 4h | 0.002060 | 0.000% | $132K | $4K | 10x | as long as short |
| BingX TOWNS-USDT | +0.0884% | 4h | 0.002059 | −0.049% | — | $2.3M | — | as long as short |
| Bitget TOWNSUSDT | +0.0928% | 4h | 0.002060 | 0.000% | $339K | $47K | 5x | as long as short |
Variational Omni TOWNS
Bybit TOWNSUSDT
Aster TOWNSUSDT
MEXC TOWNS_USDT
Binance TOWNSUSDT
BloFin TOWNS-USDT
BingX TOWNS-USDT
Bitget TOWNSUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TOWNSUSDTM | +0.1070% | 4h | 0.002063 | +0.146% | $256K | $25K | 10x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.2665% | 1h | 0.002064 | +0.194% | — | — | 25x | as long as short |
KuCoin TOWNSUSDTM
Deribit TOWNS_USDC-PERPETUAL