NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.007%

Price spread now: Bybit against BingX+0.041%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1951.945% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.041%, 7d avg +0.040%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NIGHT-USDT	0.02424	0.0120	pay 0.0060% / 4h	34m 27s	—	$6.6M	—
Short	Bybit NIGHTUSDT	0.02425	0.0100	get 0.0050% / 4h	34m 27s	$2.0M	$1.0M	50x

Funding history

latest

Range statsloading…

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now +0.041%Rate

Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 2 min ago.

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, 2 min ago	8.26 bp	31.9 bp −$32	91.2 bp −$912	692.7 bp −$69.3K	1092.4 bp −$546.2K
Sell Bybit live order book, 2 min ago	6.19 bp	69.0 bp −$69	441.6 bp −$4,416	doesn't fit	doesn't fit

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	−10.058%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0091%	1h	0.02435	+0.454%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02425	+0.053%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02425	+0.045%	$5.4M	$6.8M	50x	as long as short
Bybit NIGHTUSDTshort	+0.0100%	4h	0.02425	+0.041%	$2.0M	$1.0M	50x
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02424	−0.017%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02425	+0.041%	$226K	$277K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02423	−0.031%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02426	+0.083%	$648K	$405K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02425	+0.041%	$2K	$2.0M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin NIGHT-USDT	+0.0118%	4h	0.02428	+0.165%	$288K	$47K	50x	as long as short
BingX NIGHT-USDTlong	+0.0120%	4h	0.02424	long leg	—	$6.6M	—
MEXC NIGHT_USDT	+0.0238%	4h	0.02425	+0.041%	$865K	$456K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.1317%	1h	0.02428	+0.182%	—	—	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.3990%	1h	0.02408	−0.676%	$63K	$64K	25x	as long as short