TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0566%/8h= +62.0% APRnext payment +$2.83 per $10,000 · paid last 24h −0.001%

Price spread now: Bitget against MEXC+0.097%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$920.916% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.097%, 7d avg +0.075%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bitget is 0.022% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.075%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.83 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	MEXC TOWNS_USDT	0.002054	0.0184	pay 0.0092% / 4h	3m 28s	$394K	$128K	100x
Short	Bitget TOWNSUSDT	0.002056	0.0750	get 0.0375% / 4h	3m 28s	$338K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.097%Rate

Funding earned: $118.86
Price spread: +0.097% → +0.075%: $2.24
Slippage, 4 orders: −$75.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: $29.46
Costs to cover: 0.916%
Break-even: 5.3 days

Slippage from MEXC: live order book, 57 min ago; Bitget: live order book, 2 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 MEXC live order book, 57 min ago	2.44 bp	11.6 bp −$12	85.0 bp −$850	205.1 bp −$20.5K	doesn't fit
Sell Bitget live order book, 2 min ago	9.73 bp	34.8 bp −$35	363.4 bp −$3,634	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	−0.0648%	1h	0.002031	−1.120%	$76K	$4K	25x	as long as short
Aster TOWNSUSDT	+0.0100%	4h	0.002048	−0.276%	$10K	$6K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002052	−0.097%	$71K	$19K	10x	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002043	−0.525%	$456	$286	—	as long as short
BloFin TOWNS-USDT	+0.0138%	4h	0.002044	−0.487%	$131K	$4K	10x	as long as short
MEXC TOWNS_USDTlong	+0.0184%	4h	0.002054	long leg	$394K	$128K	100x
Binance TOWNSUSDT	+0.0185%	4h	0.002054	+0.022%	$2.0M	$1.3M	10x	as long as short
BingX TOWNS-USDT	+0.0576%	4h	0.002052	−0.097%	—	$2.3M	—	as long as short
Bybit TOWNSUSDT	+0.0628%	4h	0.002053	−0.049%	$370K	$114K	5x	as long as short
Bitget TOWNSUSDTshort	+0.0750%	4h	0.002056	+0.097%	$338K	$48K	5x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TOWNSUSDTM	+0.0836%	4h	0.002054	0.000%	$260K	$24K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.4630%	1h	0.002059	+0.243%	—	—	25x	as long as short