TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against MEXC−0.096%79s7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as 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−$1051.050% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.096%, 7d avg +0.051%

Together, before fees+0.211%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.147% cheaper against MEXC than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.051%). If the spread goes back, that is −$15 on $10k: about 8.2 days of funding at the current rate (+$2 a day). The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TOWNS_USDT	0.002087	0.0100	pay 0.0050% / 4h	1h 31m	$437K	$139K	100x
Short	BloFin TOWNS-USDT	0.002085	0.0160	get 0.0080% / 4h	1h 31m	$131K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.096%Rate

Funding earned: $12.59
Price spread: −0.096% → +0.051%: −$14.72
Slippage, 4 orders: −$88.96
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$107.1
Costs to cover: 1.050%
Break-even: 66.5 days

Slippage from MEXC: live order book, 59 min ago; BloFin: live order book, 40 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, 59 min ago	4.81 bp	21.2 bp −$21	121.4 bp −$1,214	242.7 bp −$24.3K	doesn't fit
Sell BloFin live order book, 40 min ago	2.40 bp	27.6 bp −$28	142.0 bp −$1,420	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	−0.0240%	1h	0.002222	+6.469%	$83K	$4K	25x	as long as short
Aster TOWNSUSDT	+0.0100%	4h	0.002088	+0.029%	$10K	$6K	5x	as long as short
Binance TOWNSUSDT	+0.0100%	4h	0.002087	0.000%	$2.0M	$1.3M	10x	as long as short
Bybit TOWNSUSDT	+0.0100%	4h	0.002087	0.000%	$381K	$126K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002088	+0.048%	$70K	$15K	10x	as long as short
MEXC TOWNS_USDTlong	+0.0100%	4h	0.002087	long leg	$437K	$139K	100x
KuCoin TOWNSUSDTM	+0.0100%	4h	0.002089	+0.096%	$249K	$31K	10x	as long as short
Bitget TOWNSUSDT	+0.0100%	4h	0.002090	+0.144%	$345K	$45K	5x	as long as short
BingX TOWNS-USDT	+0.0100%	4h	0.002086	−0.048%	—	$2.3M	—	as long as short
Variational Omni TOWNS	+0.0100%	4h	0.002087	−0.017%	$195	$549	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin TOWNS-USDTshort	+0.0160%	4h	0.002085	−0.096%	$131K	$4K	10x
Deribit TOWNS_USDC-PERPETUAL	+0.2145%	1h	0.002093	+0.287%	—	—	25x	as long as short