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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against Aster+0.027%7-day average — · you sell dearer than you buy

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

Long on Aster Short on KuCoin

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: KuCoin is 0.027% dearer against Aster than usual: you sell high and buy low, +$3 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	0.02434	0.0100	pay 0.0050% / 4h	3h 39m	$27K	$35K	10x
Short	KuCoin NIGHTUSDTM	0.02434	0.0100	get 0.0050% / 4h	3h 39m	$1.4M	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → 0.000%: $2.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.26
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	10.29 bp	114.4 bp −$114	558.5 bp −$5,585	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 15 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	−10.411%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.5810%	1h	0.02423	−0.433%	$63K	$61K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.059%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDT	+0.0061%	4h	0.02437	+0.141%	$288K	$46K	50x	as long as short
Aster NIGHTUSDTlong	+0.0100%	4h	0.02434	long leg	$27K	$35K	10x
Binance NIGHTUSDT	+0.0100%	4h	0.02432	−0.055%	$5.4M	$6.6M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02434	+0.018%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02430	−0.130%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02435	+0.059%	$225K	$205K	20x	as long as short
KuCoin NIGHTUSDTMshort	+0.0100%	4h	0.02434	+0.027%	$1.4M	$5.2M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NIGHTUSDT	+0.0100%	4h	0.02433	−0.023%	$650K	$394K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02432	−0.064%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0120%	4h	0.02431	−0.105%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0238%	4h	0.02433	−0.023%	$883K	$457K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.1722%	1h	0.02438	+0.199%	$100	$99	10x	as long as short