NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.008%

Price spread now: KuCoin against BingX−0.189%7-day average +0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$306as in the Funding arb table

Net, price: spread back to 7d avg − costs−$309as in the Price arb table

costs, in and out, $10k−$2792.793% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 7 days+0.275%+$28 · spread now −0.189%, 7d avg +0.110%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.299% cheaper against BingX than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.110%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NIGHT-USDT	0.02404	0.0126	pay 0.0063% / 4h	1h 58m	—	$6.6M	—
Short	KuCoin NIGHTUSDTM	0.02399	0.0100	get 0.0050% / 4h	1h 58m	$1.3M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$5.46
Price spread: −0.189% → +0.110%: −$29.92
Slippage, 4 orders: −$257.27
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$314.65
Costs to cover: 2.793%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 9 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, 8 min ago	6.25 bp	23.2 bp −$23	87.6 bp −$876	956.4 bp −$95.6K	1298.0 bp −$649.0K
Sell KuCoin live order book, 9 min ago	12.74 bp	113.1 bp −$113	695.2 bp −$6,952	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	−2.1536%	1h	0.02239	−6.872%	$1K	$74	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+1.290%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02403	−0.026%	$16K	$41K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02403	−0.026%	$5.2M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02405	+0.042%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02401	−0.116%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02401	−0.125%	$219K	$217K	20x	as long as short
KuCoin NIGHTUSDTMshort	+0.0100%	4h	0.02399	−0.189%	$1.3M	$5.3M	50x
Bitget NIGHTUSDT	+0.0100%	4h	0.02403	−0.042%	$650K	$439K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02398	−0.250%	$1K	$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	0.02404	long leg	—	$6.6M	—
BloFin NIGHT-USDT	+0.0148%	4h	0.02401	−0.125%	$276K	$44K	50x	as long as short
MEXC NIGHT_USDT	+0.0216%	4h	0.02404	0.000%	$773K	$451K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.1210%	1h	0.02400	−0.146%	$98	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.5810%	1h	0.02402	−0.080%	$64K	$61K	25x	as long as short