Funding arb · Price arb /

NIGHT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Gate against Aster−0.071%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.071% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NIGHTUSDT	0.02422	0.0100	pay 0.0050% / 4h	2h 11m	$27K	$34K	10x
Short	Gate NIGHT_USDT	0.02420	0.0100	get 0.0100% / 8h	6h 11m	$223K	$203K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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 AsterbpFee GatebpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → 0.000%: −$7.09
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$30.09
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 49 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Gate live order book, 49 min ago	4.14 bp	165.8 bp −$166	doesn't fit	doesn't fit	doesn't fit

Aster: 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.

NIGHT on 14 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 NIGHT-PERP-INTX	−2.3328%	1h	0.02180	−9.973%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.1285%	1h	0.02438	+0.685%	$64K	$60K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.548%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDTlong	+0.0100%	4h	0.02422	long leg	$27K	$34K	10x
Binance NIGHTUSDT	+0.0100%	4h	0.02421	−0.030%	$5.4M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02422	+0.012%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02422	−0.005%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDTshort	+0.0100%	8h	0.02420	−0.071%	$223K	$203K	20x
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02425	+0.120%	$1.4M	$5.3M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02423	+0.053%	$648K	$404K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NIGHT-USDT	+0.0100%	4h	0.02420	−0.071%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0120%	4h	0.02421	−0.030%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0238%	4h	0.02421	−0.030%	$851K	$461K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0535%	1h	0.02424	+0.086%	$99	$99	10x	as long as short