NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against BloFin+0.042%101s7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1441.443% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.042%, 7d avg −0.028%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.070% dearer against BloFin than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.028%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 19 days. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NIGHT-USDT	0.02392	0.0112	pay 0.0056% / 4h	2h 37m	$215K	$44K	50x
Short	Binance NIGHTUSDT	0.02393	0.0100	get 0.0050% / 4h	2h 37m	$5.2M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.042%Rate

Funding earned: −$2.52
Price spread: +0.042% → −0.028%: $6.97
Slippage, 4 orders: −$122.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$139.85
Costs to cover: 1.443%
Break-even: never at this rate

Slippage from BloFin: live order book, 52 min ago; Binance: live order book, 16 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 BloFin live order book, 52 min ago	6.18 bp	51.1 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	2.08 bp	28.0 bp −$28	143.0 bp −$1,430	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	−2.2072%	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	0.02394	+0.095%	$23K	$35K	10x	as long as short
Binance NIGHTUSDTshort	+0.0100%	4h	0.02393	+0.042%	$5.2M	$6.5M	50x
Bybit NIGHTUSDT	+0.0100%	4h	0.02394	+0.084%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02393	+0.046%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02394	+0.084%	$219K	$216K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02392	+0.002%	$1.3M	$5.3M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02394	+0.084%	$658K	$434K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02393	+0.042%	$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-USDTlong	+0.0112%	4h	0.02392	long leg	$215K	$44K	50x
BingX NIGHT-USDT	+0.0126%	4h	0.02393	+0.042%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0250%	4h	0.02393	+0.042%	$767K	$454K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0544%	1h	0.02395	+0.130%	$98	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+1.1595%	1h	0.02399	+0.306%	$64K	$61K	25x	as long as short