NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.008%

Price spread now: BingX against BloFin−0.205%51s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as 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−$1701.704% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.205%, 7d avg −0.041%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.164% cheaper against BloFin than usual: you would sell low and buy high (spread −0.205% now, against its 7-day average of −0.041%). If the spread goes back, that is −$16 on $10k: about 9.3 days of funding at the current rate (+$2 a day). The two prices were read 51 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	0.02437	0.0061	pay 0.0031% / 4h	3h 40m	$288K	$46K	50x
Short	BingX NIGHT-USDT	0.02432	0.0120	get 0.0060% / 4h	3h 40m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.205%Rate

Funding earned: $12.33
Price spread: −0.205% → −0.041%: −$16.42
Slippage, 4 orders: −$148.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$174.52
Costs to cover: 1.704%
Break-even: 106.0 days

Slippage from BloFin: live order book, 26 min ago; BingX: live order book, 6 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, 26 min ago	10.29 bp	56.1 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	6.16 bp	28.3 bp −$28	94.1 bp −$941	964.6 bp −$96.5K	1366.0 bp −$683.0K

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	−10.538%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.5810%	1h	0.02423	−0.573%	$63K	$61K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	−0.082%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDTlong	+0.0061%	4h	0.02437	long leg	$288K	$46K	50x
Aster NIGHTUSDT	+0.0100%	4h	0.02434	−0.137%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02432	−0.205%	$5.4M	$6.6M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02434	−0.123%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02431	−0.267%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02435	−0.082%	$225K	$205K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02434	−0.125%	$1.4M	$5.2M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NIGHTUSDT	+0.0100%	4h	0.02433	−0.164%	$650K	$394K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02432	−0.205%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDTshort	+0.0120%	4h	0.02432	−0.205%	—	$6.6M	—
MEXC NIGHT_USDT	+0.0238%	4h	0.02432	−0.205%	$883K	$457K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.1722%	1h	0.02438	+0.057%	$100	$99	10x	as long as short