NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.69 per $10,000 · paid last 24h +0.046%

Price spread now: MEXC against Binance+0.034%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.290%+$29 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.034%, 7d avg +0.003%

Together, before fees+0.265%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.031% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NIGHTUSDT	0.02424	0.0100	pay 0.0050% / 4h	2h 50m	$5.4M	$6.6M	50x
Short	MEXC NIGHT_USDT	0.02425	0.0238	get 0.0119% / 4h	2h 50m	$854K	$458K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.034%Rate

Funding earned: $28.98
Price spread: +0.034% → +0.003%: $3.1
Slippage, 4 orders: −$63.01
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$44.93
Costs to cover: 0.770%
Break-even: 17.9 days

Slippage from Binance: live order book, 4 min ago; MEXC: live order book, 11 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, 4 min ago	4.14 bp	21.9 bp −$22	185.8 bp −$1,858	doesn't fit	doesn't fit
Sell MEXC live order book, 11 min ago	4.14 bp	13.7 bp −$14	67.7 bp −$677	335.2 bp −$33.5K	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	−10.064%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.1285%	1h	0.02439	+0.599%	$64K	$61K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.447%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDT	+0.0056%	4h	0.02412	−0.502%	$288K	$42K	50x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02423	−0.029%	$27K	$35K	10x	as long as short
Binance NIGHTUSDTlong	+0.0100%	4h	0.02424	long leg	$5.4M	$6.6M	50x
Bybit NIGHTUSDT	+0.0100%	4h	0.02425	+0.034%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02424	+0.005%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02424	−0.007%	$224K	$201K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02427	+0.099%	$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	0.02427	+0.117%	$649K	$403K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02424	−0.007%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0120%	4h	0.02426	+0.076%	—	$6.6M	—	as long as short
MEXC NIGHT_USDTshort	+0.0238%	4h	0.02425	+0.034%	$854K	$458K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.1070%	1h	0.02428	+0.146%	$100	$99	10x	as long as short