NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.008%

Price spread now: Binance against BingX+0.042%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1031.026% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.042%, 7d avg −0.005%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.046% dearer against BingX than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.005%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NIGHT-USDT	0.02407	0.0120	pay 0.0060% / 4h	2h 54m	—	$6.6M	—
Short	Binance NIGHTUSDT	0.02408	0.0100	get 0.0050% / 4h	2h 54m	$5.3M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.042%Rate

Funding earned: −$4.2
Price spread: +0.042% → −0.005%: $4.61
Slippage, 4 orders: −$82.62
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$102.21
Costs to cover: 1.026%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Binance: live order book, 14 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 BingX live order book, 12 min ago	6.16 bp	26.7 bp −$27	89.0 bp −$890	822.0 bp −$82.2K	1191.1 bp −$595.6K
Sell Binance live order book, 14 min ago	2.05 bp	26.4 bp −$26	156.3 bp −$1,563	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	−9.423%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.1295%	1h	0.02419	+0.511%	$63K	$61K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+1.163%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDT	+0.0066%	4h	0.02406	−0.042%	$285K	$42K	50x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02408	+0.033%	$27K	$35K	10x	as long as short
Binance NIGHTUSDTshort	+0.0100%	4h	0.02408	+0.042%	$5.3M	$6.6M	50x
Bybit NIGHTUSDT	+0.0100%	4h	0.02410	+0.125%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02405	−0.075%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02405	−0.083%	$222K	$200K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02408	+0.029%	$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	0.02409	+0.083%	$643K	$398K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02404	−0.125%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDTlong	+0.0120%	4h	0.02407	long leg	—	$6.6M	—
MEXC NIGHT_USDT	+0.0238%	4h	0.02407	0.000%	$861K	$456K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0997%	1h	0.02410	+0.112%	$99	$99	10x	as long as short