NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.008%

Price spread now: Bitget against BingX+0.123%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1391.388% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.123%, 7d avg +0.056%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.067% dearer against BingX than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.056%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NIGHT-USDT	0.02437	0.0126	pay 0.0063% / 4h	1h 20m	—	$6.6M	—
Short	Bitget NIGHTUSDT	0.02440	0.0100	get 0.0050% / 4h	1h 20m	$653K	$399K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$5.46
Price spread: +0.123% → +0.056%: $6.74
Slippage, 4 orders: −$116.8
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$137.51
Costs to cover: 1.388%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Bitget: live order book, 40 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, 7 min ago	8.24 bp	33.9 bp −$34	112.2 bp −$1,122	944.9 bp −$94.5K	1219.5 bp −$609.8K
Sell Bitget live order book, 40 min ago	6.20 bp	38.2 bp −$38	182.6 bp −$1,826	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	−10.538%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	−0.082%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02442	+0.189%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02438	+0.030%	$5.4M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02437	0.000%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02436	−0.045%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02439	+0.082%	$224K	$203K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02445	+0.338%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDTshort	+0.0100%	4h	0.02440	+0.123%	$653K	$399K	25x
SunX NIGHT-USDT	+0.0100%	4h	0.02442	+0.205%	$2K	$1.9M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX NIGHT-USDTlong	+0.0126%	4h	0.02437	long leg	—	$6.6M	—
BloFin NIGHT-USDT	+0.0129%	4h	0.02434	−0.123%	$286K	$42K	50x	as long as short
MEXC NIGHT_USDT	+0.0250%	4h	0.02438	+0.041%	$811K	$458K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0897%	1h	0.02443	+0.259%	$100	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.5532%	1h	0.02458	+0.846%	$64K	$60K	25x	as long as short