TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0545%/8h= −59.7% APRnext payment −$2.72 per $10,000 · paid last 24h −0.014%

Price spread now: BloFin against KuCoin+0.049%50s7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,616as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1,62616.256% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 3 days (all we have)+0.150%+$15 · spread now +0.049%, 7d avg +0.066%

Together, before fees+0.250%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.72 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	KuCoin TOWNSUSDTM	0.002059	0.1062	pay 0.0531% / 4h	3h 54m	$261K	$24K	10x
Short	BloFin TOWNS-USDT	0.002060	0.0517	get 0.0259% / 4h	3h 54m	$131K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$114.45
Price spread: +0.049% → +0.066%: −$1.75
Slippage, 4 orders: −$1,601.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,741.84
Costs to cover: 16.256%
Break-even: never at this rate

Slippage from KuCoin: live order book, 66 min ago; BloFin: live order book, 1 min ago.

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 KuCoin live order book, 66 min ago	29.21 bp	732.7 bp −$733	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	7.29 bp	30.3 bp −$30	86.2 bp −$862	doesn't fit	doesn't fit

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	−0.1416%	1h	0.002069	+0.486%	$77K	$4K	25x	as long as short
Bybit TOWNSUSDT	+0.0100%	4h	0.002060	+0.049%	$369K	$116K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002058	−0.049%	$71K	$19K	10x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002061	+0.108%	$461	$286	—	as long as short
Aster TOWNSUSDT	+0.0304%	4h	0.002063	+0.187%	$10K	$6K	5x	as long as short
Binance TOWNSUSDT	+0.0457%	4h	0.002058	−0.067%	$2.0M	$1.3M	10x	as long as short
MEXC TOWNS_USDT	+0.0460%	4h	0.002057	−0.097%	$395K	$125K	100x	as long as short
BloFin TOWNS-USDTshort	+0.0517%	4h	0.002060	+0.049%	$131K	$4K	10x
BingX TOWNS-USDT	+0.0872%	4h	0.002062	+0.146%	—	$2.3M	—	as long as short
Bitget TOWNSUSDT	+0.1026%	4h	0.002059	0.000%	$338K	$48K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TOWNSUSDTMlong	+0.1062%	4h	0.002059	long leg	$261K	$24K	10x
Deribit TOWNS_USDC-PERPETUAL	+0.4125%	1h	0.002065	+0.291%	—	—	25x	as long as short