Funding arb · Price arb /

NIGHT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget−0.041%7-day average −0.010% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.458%+$46 · spread now −0.041%, 7d avg −0.010%

Together, before fees+0.477%+$48 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.032% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NIGHTUSDT	0.02419	0.0100	pay 0.0050% / 4h	29m 35s	$647K	$393K	25x
Short	SunX NIGHT-USDT	0.02418	0.0100	get 0.0050% / 4h	29m 35s	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.010%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.16
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 26 min ago; SunX: live order book, 6 min ago. Net counts fees only.

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, 26 min ago	6.20 bp	26.5 bp −$27	315.6 bp −$3,156	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.93 bp	doesn't fit	doesn't fit	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	−9.872%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.661%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02419	−0.006%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02417	−0.082%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02417	−0.083%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02416	−0.141%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02418	−0.041%	$222K	$199K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02419	+0.015%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDTlong	+0.0100%	4h	0.02419	long leg	$647K	$393K	25x
SunX NIGHT-USDTshort	+0.0100%	4h	0.02418	−0.041%	$1K	$1.9M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX NIGHT-USDT	+0.0126%	4h	0.02416	−0.124%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0126%	4h	0.02410	−0.372%	$284K	$42K	50x	as long as short
MEXC NIGHT_USDT	+0.0250%	4h	0.02418	−0.041%	$782K	$460K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0329%	1h	0.02420	+0.054%	$99	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+1.8830%	1h	0.02440	+0.870%	$65K	$61K	25x	as long as short