Funding arb · Price arb /

TOWNS

all TOWNS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0392%/8h= −42.9% APRpaid last 24h +0.922%

Price spread now: Coinbase International against KuCoin+4.981%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+5.616%+$562 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 4.981% dearer against KuCoin than usual: you sell high and buy low (spread +4.981% now, against zero (this spread has no 7-day history yet)): +$498 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 42 days. Mind the row above: over the last 7 days funding on this pair paid +5.616%, 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	KuCoin TOWNSUSDTM	0.002068	0.0784	pay 0.0392% / 4h	2h 22m	$247K	$31K	10x
Short	Coinbase International TOWNS-PERP-INTX	0.002171	0.0392	get 0.0049% / 1h	22m 19s	$81K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +4.981%Rate

Funding earned: −$82.32
Price spread: +4.981% → 0.000%: $498.07
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $393.75
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 13 min ago; 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 KuCoin live order book, 13 min ago	24.26 bp	842.8 bp −$843	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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 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	0.002066	−0.097%	$372K	$115K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002068	0.000%	$70K	$20K	10x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002073	+0.249%	$194	$555	—	as long as short
Aster TOWNSUSDT	+0.0185%	4h	0.002069	+0.029%	$10K	$6K	5x	as long as short
Binance TOWNSUSDT	+0.0324%	4h	0.002067	−0.048%	$2.0M	$1.3M	10x	as long as short
MEXC TOWNS_USDT	+0.0332%	4h	0.002066	−0.097%	$396K	$126K	100x	as long as short
Coinbase International TOWNS-PERP-INTXshort	+0.0392%	1h	0.002171	+4.981%	$81K	$4K	25x
Bitget TOWNSUSDT	+0.0602%	4h	0.002068	0.000%	$339K	$48K	5x	as long as short
BingX TOWNS-USDT	+0.0625%	4h	0.002069	+0.048%	—	$2.3M	—	as long as short
KuCoin TOWNSUSDTMlong	+0.0784%	4h	0.002068	long leg	$247K	$31K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TOWNS_USDC-PERPETUAL	+0.1685%	1h	0.002071	+0.145%	—	—	25x	as long as short