TOWNS arbitrage explained
Right now Towns (TOWNS) trades on 8 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.001945 and the highest bid on Bitget perp at $0.001948.
The widest TOWNS perpetual spread is between Bybit and Bitget: long TOWNS on Bybit at $0.001945 and short on Bitget at $0.001948 for +0.15% gross, or -0.01% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best TOWNS route is to buy spot on Gate and short the perpetual on Bitget: +0.10% gross, -0.10% net, with +0.030% a day of funding on the short leg.
Spot–spot TOWNS arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small TOWNS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: TOWNS funding rates · TOWNS spread charts · Towns price · arbitrage scanner for all coins.