Funding arb · Price arb /

TOWNS

all TOWNS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h +0.646%

Price spread now: Coinbase International against MEXC+6.469%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+5.485%+$548 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 6.469% dearer against MEXC than usual: you sell high and buy low (spread +6.469% now, against zero (this spread has no 7-day history yet)): +$647 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2 months. Mind the row above: over the last 7 days funding on this pair paid +5.485%, 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	MEXC TOWNS_USDT	0.002087	0.0100	pay 0.0050% / 4h	1h 33m	$437K	$139K	100x
Short	Coinbase International TOWNS-PERP-INTX	0.002222	−0.0240	pay 0.0030% / 1h	33m 58s	$83K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +6.469%Rate

Funding earned: −$71.4
Price spread: +6.469% → 0.000%: $646.86
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $561.46
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 57 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 MEXC live order book, 57 min ago	4.81 bp	21.2 bp −$21	121.4 bp −$1,214	242.7 bp −$24.3K	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 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-INTXshort	−0.0240%	1h	0.002222	+6.469%	$83K	$4K	25x
Aster TOWNSUSDT	+0.0100%	4h	0.002088	+0.053%	$10K	$6K	5x	as long as short
Binance TOWNSUSDT	+0.0100%	4h	0.002086	−0.050%	$2.0M	$1.3M	10x	as long as short
Bybit TOWNSUSDT	+0.0100%	4h	0.002086	−0.048%	$380K	$125K	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	0.002090	+0.144%	$249K	$31K	10x	as long as short
Bitget TOWNSUSDT	+0.0100%	4h	0.002091	+0.192%	$345K	$45K	5x	as long as short
BingX TOWNS-USDT	+0.0100%	4h	0.002087	0.000%	—	$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-USDT	+0.0105%	4h	0.002085	−0.096%	$131K	$4K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.1667%	1h	0.002091	+0.192%	—	—	25x	as long as short