TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0470%/8h= −51.5% APRnext payment −$2.35 per $10,000 · paid last 24h −0.008%

Price spread now: Gate against KuCoin−0.049%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

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 −$14 a day on $10k at the current rate, and Gate is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.35 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	0.002055	0.0570	pay 0.0285% / 4h	52m 08s	$260K	$24K	10x
Short	Gate TOWNS_USDT	0.002054	0.0100	get 0.0050% / 4h	52m 08s	$71K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.049%Rate

Funding earned: −$98.7
Price spread: −0.049% → 0.000%: −$4.87
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$130.57
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; Gate: 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, 8 min ago	29.21 bp	732.7 bp −$733	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

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 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	−1.168%	$76K	$4K	25x	as long as short
Aster TOWNSUSDT	+0.0100%	4h	0.002053	−0.108%	$10K	$6K	5x	as long as short
Binance TOWNSUSDT	+0.0100%	4h	0.002053	−0.097%	$2.0M	$1.3M	10x	as long as short
Bybit TOWNSUSDT	+0.0100%	4h	0.002051	−0.195%	$370K	$114K	5x	as long as short
Gate TOWNS_USDTshort	+0.0100%	4h	0.002054	−0.049%	$71K	$19K	10x
MEXC TOWNS_USDT	+0.0100%	4h	0.002053	−0.097%	$393K	$125K	100x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002052	−0.159%	$457	$285	—	as long as short
BloFin TOWNS-USDT	+0.0107%	4h	0.002053	−0.097%	$131K	$4K	10x	as long as short
Bitget TOWNSUSDT	+0.0188%	4h	0.002052	−0.146%	$337K	$48K	5x	as long as short
BingX TOWNS-USDT	+0.0198%	4h	0.002056	+0.049%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TOWNSUSDTMlong	+0.0570%	4h	0.002055	long leg	$260K	$24K	10x
Deribit TOWNS_USDC-PERPETUAL	+0.2184%	1h	0.002059	+0.195%	—	—	25x	as long as short