NIGHT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AsterNIGHTUSDT	0.04039	+0.0100	pay 0.0050% / 4h	18m 06s	$213K	$41K	10x	Long Aster≤10% back
SHORT	Kraken FuturesPF_NIGHTUSD	0.04040	+0.0191	get 0.0024% / 1h	18m 06s	$175K	$718K	20x	Short Kraken Futures

Price gap+0.012%

Funding gap+0.0091% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.086% above its 7d average: +$9 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$88+0.0091% /8h now · paid −0.880% over the last 7D

Price+$9spread +0.012% now, avg −0.074% → +0.086% if it goes back

Costs−$1021.019% of $10k · taker + slippage, in and out

Result−$181−1.81%+ Points / potential airdropAster: Stage 5 · farm board

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.012%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NIGHT on 14 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size20.3 / 20.1 bp
At $10k entering Aster costs 20.3 bp, fee and slippage, 1.0× Kraken Futures’s.
Note: Margin at max leverage$1,000 + $500
Aster 10x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$2.73Long Aster: 6 payments, −$3.00; short Kraken Futures: 24 payments, +$5.73.
OK: Entry gap works for you+0.012% vs −0.074%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$175K vs $213K OI
Kraken Futures sets your exit cost. Check its book before closing.
OK: Points on a legAster Stage 5
Volume here counts toward the points program.
Watch: KYCAster No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0419%/8h × 21 periods−$87.98

Price spread+0.012% → −0.074% (7d avg)+$8.62

Slippage, 4 orderslive order books−$83.89

Fee Aster bp × 2 orders−$8.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$181.25

Costs to cover1.019%Break-evennever at this rate

Slippage: Aster: live order book, 24 min ago; Kraken Futures: live order book, 26 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGAster7.4220.3 bp−$20doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTKraken Futures11.1620.1 bp−$20doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

NIGHT news

posts that mention NIGHT, from every exchange

11-02 06:23	OKX	Contest	Tech earnings season = hundreds of movers. Make your calls on Outcomes to compete for a share of 1M $NIGHT in Earnings Week bonuses, sponsored by @MidnightNtwrk. Eligible regions only → @okx on X ↗
10-01 14:01	StandX	Other	Big thanks to @071_labs for hosting PERPDEX NIGHT in Seoul! Great to share the stage with @risechain and @TurboFlow_xyz, and even better to see so many traders and community members getting involved in the live battles and challenges. Thanks to everyone who joined us. Safe to say StandX is long Korea 🇰🇷 @StandX_Official on X ↗
09-30 08:24	StandX	Other	Luma link for PerpDEX NIGHT in Seoul tomorrow with @risechain, @TurboFlow_xyz and @071_labs ➡️ @StandX_Official on X ↗
09-30 08:24	StandX	Other	Japan → Seoul → Singapore Join us at @kbwofficial in Korea tomorrow for PERPDEX NIGHT, then meet the team at #TOKEN2049 Singapore. DMs are open if you want to connect 🧍🧍‍♂️ @StandX_Official on X ↗
09-25 08:35	StandX	Other	PERPDEX NIGHT is coming to Seoul 🇰🇷 October 1st, 6:00 to 9:30 PM. If you’re in Korea, come meet us there for trading battles, market insights and more with @071_labs, @risechain and @TurboFlow_xyz. @StandX_Official on X ↗
09-18 10:04	Deribit	Listing	🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗