TOWNS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0386%/8h= −42.3% APRnext payment −$1.93 per $10,000 · paid last 24h −0.009%

Price spread now: Gate against MEXC−0.097%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 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 −$12 a day on $10k at the current rate, and Gate is 0.097% cheaper against MEXC than usual: you would sell low and buy high (−$10 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 -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.93 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	0.002065	0.0486	pay 0.0243% / 4h	3h 13m	$399K	$127K	100x
Short	Gate TOWNS_USDT	0.002063	0.0100	get 0.0050% / 4h	3h 13m	$71K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.097%Rate

Funding earned: −$81.06
Price spread: −0.097% → 0.000%: −$9.69
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$109.75
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 42 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 MEXC live order book, 42 min ago	2.43 bp	15.4 bp −$15	96.5 bp −$965	229.3 bp −$22.9K	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	−0.1416%	1h	0.002171	+5.133%	$81K	$4K	25x	as long as short
Gate TOWNS_USDTshort	+0.0100%	4h	0.002063	−0.097%	$71K	$19K	10x
Variational Omni TOWNS	+0.0100%	4h	0.002061	−0.209%	$460	$286	—	as long as short
Aster TOWNSUSDT	+0.0318%	4h	0.002063	−0.075%	$10K	$6K	5x	as long as short
Bybit TOWNSUSDT	+0.0374%	4h	0.002066	+0.048%	$370K	$111K	5x	as long as short
BloFin TOWNS-USDT	+0.0427%	4h	0.002060	−0.242%	$132K	$4K	10x	as long as short
MEXC TOWNS_USDTlong	+0.0486%	4h	0.002065	long leg	$399K	$127K	100x
Binance TOWNSUSDT	+0.0495%	4h	0.002066	+0.048%	$2.0M	$1.3M	10x	as long as short
BingX TOWNS-USDT	+0.0880%	4h	0.002064	−0.048%	—	$2.3M	—	as long as short
Bitget TOWNSUSDT	+0.0934%	4h	0.002068	+0.145%	$340K	$47K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TOWNSUSDTM	+0.1116%	4h	0.002069	+0.194%	$256K	$25K	10x	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.3140%	1h	0.002072	+0.339%	—	—	25x	as long as short