NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Binance+0.206%51s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1661.663% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 3 days (all we have)−0.025%−$2 · spread now +0.206%, 7d avg +0.032%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.174% dearer against Binance than usual: you sell high and buy low (spread +0.206% now, against its 7-day average of +0.032%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.025% in total) that is about 48 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NIGHTUSDT	0.02432	0.0100	pay 0.0050% / 4h	3h 40m	$5.4M	$6.6M	50x
Short	BloFin NIGHT-USDT	0.02437	0.0061	get 0.0031% / 4h	3h 40m	$288K	$46K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$8.13
Price spread: +0.206% → +0.032%: $17.37
Slippage, 4 orders: −$144.34
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$157.11
Costs to cover: 1.663%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 26 min ago.

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 Binance live order book, 13 min ago	2.06 bp	22.6 bp −$23	172.8 bp −$1,728	doesn't fit	doesn't fit
Sell BloFin live order book, 26 min ago	10.29 bp	62.5 bp −$62	337.4 bp −$3,374	doesn't fit	doesn't fit

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	−10.354%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.5810%	1h	0.02423	−0.369%	$63K	$61K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.123%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDTshort	+0.0061%	4h	0.02437	+0.206%	$288K	$46K	50x
Aster NIGHTUSDT	+0.0100%	4h	0.02434	+0.068%	$27K	$35K	10x	as long as short
Binance NIGHTUSDTlong	+0.0100%	4h	0.02432	long leg	$5.4M	$6.6M	50x
Bybit NIGHTUSDT	+0.0100%	4h	0.02434	+0.082%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02431	−0.062%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02435	+0.123%	$225K	$205K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02434	+0.080%	$1.4M	$5.2M	50x	as long as short

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	+0.041%	$650K	$394K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02432	0.000%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0120%	4h	0.02432	0.000%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0238%	4h	0.02432	0.000%	$883K	$457K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.1722%	1h	0.02438	+0.263%	$100	$99	10x	as long as short