TOWNS funding rates and arbitrage

TOWNS perpetuals trade on 12 contracts across 12 venues, forming 66 cross-venue arbitrage pairs. By net APR the current best pair is long Coinbase against short Deribit, netting +382.43%, though note the legs settle on different cadences (1h / 8h)。

TOWNS perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
BingX	TOWNS-USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$2.3M	0.001552
Binance	TOWNSUSDT	USDT	4h	0.0050%	+10.95%	+8.29%	$1.2M	0.001553
LBank	TOWNSUSDT	USDT	4h	0.0050%	+10.95%	+8.28%	$736K	0.001552
WhiteBIT	TOWNS_PERP	USDT	4h	0.0050%	+10.95%	+10.95%	$276K	0.001552
MEXC	TOWNS_USDT	USDT	4h	0.0050%	+10.95%	+8.25%	$110K	0.001552
Bybit	TOWNSUSDT	USDT	4h	0.0036%	+7.93%	-12.61%	$75K	0.001548
KuCoin	TOWNSUSDTM	USDT	4h	0.0050%	+10.95%	+15.67%	$15K	0.001553
Bitget	TOWNSUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$7K	0.001553
Gate	TOWNS_USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$5K	0.001551
Aster	TOWNSUSDT	USDT	4h	0.0050%	+10.95%	+10.60%	$467	0.001552
Deribit	TOWNS_USDC-PERPETUAL	USDC	8h	0.0340%	+37.28%	+4.42%	$37	0.001550
Coinbase	TOWNS-PERP	USDC	1h	-0.0394%	-345.14%	-345.14%	$0	0.002202

TOWNS cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Coinbase USDC	Deribit USDC	+382.43%	1.0477%	+349.57%	1h / 8h	$0
Coinbase USDC	Aster USDT	+356.09%	0.9756%	+355.74%	1h / 4h	$0
Coinbase USDC	Binance USDT	+356.09%	0.9756%	+353.44%	1h / 4h	$0
Coinbase USDC	BingX USDT	+356.09%	0.9756%	+356.09%	1h / 4h	$0
Coinbase USDC	Bitget USDT	+356.09%	0.9756%	+356.09%	1h / 4h	$0
Coinbase USDC	Gate USDT	+356.09%	0.9756%	+356.09%	1h / 4h	$0
Coinbase USDC	KuCoin USDT	+356.09%	0.9756%	+360.82%	1h / 4h	$0
Coinbase USDC	LBank USDT	+356.09%	0.9756%	+353.42%	1h / 4h	$0
Coinbase USDC	MEXC USDT	+356.09%	0.9756%	+353.40%	1h / 4h	$0
Coinbase USDC	WhiteBIT USDT	+356.09%	0.9756%	+356.09%	1h / 4h	$0
Coinbase USDC	Bybit USDT	+353.07%	0.9673%	+332.54%	1h / 4h	$0
Bybit USDT	Deribit USDC	+29.36%	0.0804%	+17.03%	4h / 8h	$37

Towns project profile

Website Whitepaper GitHub X (Twitter)

Key facts

Total: 10.13B
Max supply: 15.33B
Type: Token
Market cap rank: #1906

CommunicationSmart Contract PlatformSocialFiBNB Chain EcosystemEthereum EcosystemLayer 2 (L2)Base EcosystemBinance HODLer Airdrops

Contract addresses

ethereum0x000000fa00b200406de700041cfc6b19bbfb4d13

binance0x00000000bca93b25a6694ca3d2109d545988b13b

base0x00000000a22c618fd6b4d7e9a335c4b96b189a38

Block explorers

etherscan.io intel.arkm.com ethplorer.io basescan.org bscscan.com binplorer.com

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

TRIA+33.7%TSLA+42.9%UMA+116.1%WDC+31.5%XPD+27.2%XPT+26.3%YFI+49.3%YGG+38.2%ZAMA+17.7%ZBT+48.6%ZKC+15.0%ADBE+40.4%

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