NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.75 per $10,000 · paid last 24h +0.046%

Price spread now: MEXC against Bitget−0.082%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$990.987% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.082%, 7d avg −0.047%

Together, before fees+0.260%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.035% cheaper against Bitget than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.047%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NIGHTUSDT	0.02436	0.0100	pay 0.0050% / 4h	1h 15m	$652K	$399K	25x
Short	MEXC NIGHT_USDT	0.02434	0.0250	get 0.0125% / 4h	1h 15m	$809K	$458K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.082%Rate

Funding earned: $31.5
Price spread: −0.082% → −0.047%: −$3.52
Slippage, 4 orders: −$82.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70.72
Costs to cover: 0.987%
Break-even: 22.7 days

Slippage from Bitget: live order book, 44 min ago; MEXC: 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 Bitget live order book, 44 min ago	6.20 bp	35.6 bp −$36	306.0 bp −$3,060	doesn't fit	doesn't fit
Sell MEXC live order book, 40 min ago	2.07 bp	10.1 bp −$10	76.5 bp −$765	287.4 bp −$28.7K	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	−10.501%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	−0.041%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02436	+0.004%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02434	−0.078%	$5.4M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02435	−0.041%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02431	−0.209%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02436	0.000%	$224K	$204K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02438	+0.067%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDTlong	+0.0100%	4h	0.02436	long leg	$652K	$399K	25x
SunX NIGHT-USDT	+0.0100%	4h	0.02438	+0.082%	$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-USDT	+0.0126%	4h	0.02435	−0.041%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0131%	4h	0.02442	+0.246%	$288K	$42K	50x	as long as short
MEXC NIGHT_USDTshort	+0.0250%	4h	0.02434	−0.082%	$809K	$458K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.0735%	1h	0.02440	+0.148%	$100	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.5566%	1h	0.02442	+0.266%	$64K	$60K	25x	as long as short