NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.62 per $10,000 · paid last 24h +0.038%

Price spread now: MEXC against BingX+0.042%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.042%, 7d avg +0.009%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.033% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NIGHT-USDT	0.02392	0.0126	pay 0.0063% / 4h	2h 38m	—	$6.6M	—
Short	MEXC NIGHT_USDT	0.02393	0.0250	get 0.0125% / 4h	2h 38m	$767K	$454K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.042%Rate

Funding earned: $26.04
Price spread: +0.042% → +0.009%: $3.28
Slippage, 4 orders: −$50.74
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$35.42
Costs to cover: 0.647%
Break-even: 16.5 days

Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 2 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	4.17 bp	24.5 bp −$25	93.4 bp −$934	972.4 bp −$97.2K	1302.6 bp −$651.3K
Sell MEXC live order book, 2 min ago	2.09 bp	16.8 bp −$17	57.1 bp −$571	325.4 bp −$32.5K	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	−2.2072%	1h	0.02239	−6.405%	$1K	$74	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+1.798%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02392	+0.019%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02393	+0.033%	$5.2M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02393	+0.042%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02392	+0.013%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02393	+0.042%	$219K	$216K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02391	−0.059%	$1.3M	$5.3M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02394	+0.084%	$666K	$433K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02389	−0.125%	$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
BloFin NIGHT-USDT	+0.0112%	4h	0.02392	0.000%	$215K	$44K	50x	as long as short
BingX NIGHT-USDTlong	+0.0126%	4h	0.02392	long leg	—	$6.6M	—
MEXC NIGHT_USDTshort	+0.0250%	4h	0.02393	+0.042%	$767K	$454K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.0545%	1h	0.02393	+0.054%	$98	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+1.1609%	1h	0.02396	+0.184%	$64K	$61K	25x	as long as short