Funding arb · Price arb /

TOWNS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.042%

Price spread now: KuCoin against MEXC+0.095%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,596as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,578as in the Price arb table

costs, in and out, $10k−$1,58815.881% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.095%, 7d avg −0.003%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.098% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TOWNS_USDT	0.002099	0.0100	pay 0.0050% / 4h	3h 43m	$432K	$136K	100x
Short	KuCoin TOWNSUSDTM	0.002101	0.0100	get 0.0050% / 4h	3h 43m	$250K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → −0.003%: $9.83
Slippage, 4 orders: −$1,572.07
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,578.24
Costs to cover: 15.881%
Break-even: never at this rate

Slippage from MEXC: live order book, 37 min ago; KuCoin: live order book, 48 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, 37 min ago	2.38 bp	15.3 bp −$15	97.8 bp −$978	238.4 bp −$23.8K	doesn't fit
Sell KuCoin live order book, 48 min ago	26.02 bp	692.8 bp −$693	doesn't fit	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	−0.1992%	1h	0.002121	+1.048%	$79K	$3K	25x	as long as short
BloFin TOWNS-USDT	+0.0058%	4h	0.002101	+0.095%	$131K	$4K	10x	as long as short
Aster TOWNSUSDT	+0.0100%	4h	0.002100	+0.043%	$10K	$5K	5x	as long as short
Binance TOWNSUSDT	+0.0100%	4h	0.002099	+0.019%	$2.0M	$1.3M	10x	as long as short
Bybit TOWNSUSDT	+0.0100%	4h	0.002099	0.000%	$378K	$131K	5x	as long as short
Gate TOWNS_USDT	+0.0100%	4h	0.002102	+0.143%	$71K	$16K	10x	as long as short
MEXC TOWNS_USDTlong	+0.0100%	4h	0.002099	long leg	$432K	$136K	100x
KuCoin TOWNSUSDTMshort	+0.0100%	4h	0.002101	+0.095%	$250K	$31K	10x
Variational Omni TOWNS	+0.0100%	4h	0.002100	+0.031%	$196	$549	—	as long as short
Bitget TOWNSUSDT	+0.0150%	4h	0.002101	+0.095%	$347K	$47K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX TOWNS-USDT	+0.0162%	4h	0.002100	+0.048%	—	$2.3M	—	as long as short
Deribit TOWNS_USDC-PERPETUAL	+0.3563%	1h	0.002106	+0.333%	—	—	25x	as long as short