Funding arb · Price arb /

NIGHT

all NIGHT markets

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 0.000%

Price spread now: SunX against Binance0.000%7-day average +0.038% · you sell dearer than you buy

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

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 3 days (all we have)+0.214%+$21 · spread now 0.000%, 7d avg +0.038%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.038% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.038%.

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	SunX NIGHT-USDT	0.02432	0.0100	get 0.0050% / 4h	3h 40m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.038%: −$3.8
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.8
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; SunX: live order book, 6 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 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 SunX live order book, 6 min ago	511.40 bp	doesn't fit	doesn't fit	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-USDT	+0.0061%	4h	0.02437	+0.206%	$288K	$46K	50x	as long as short
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-USDTshort	+0.0100%	4h	0.02432	0.000%	$1K	$1.9M	20x
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