NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BloFin−0.124%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1571.566% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.272%−$27 · spread now −0.124%, 7d avg +0.015%

Together, before fees−0.261%−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.139% cheaper against BloFin than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of +0.015%). If the spread goes back, that is −$14 on $10k: about 9.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.011% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NIGHT-USDT	0.02419	0.0052	pay 0.0026% / 4h	29m 10s	$284K	$42K	50x
Short	Bitget NIGHTUSDT	0.02416	0.0100	get 0.0050% / 4h	29m 10s	$646K	$393K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.124%Rate

Funding earned: $10
Price spread: −0.124% → +0.015%: −$13.91
Slippage, 4 orders: −$132.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$160.5
Costs to cover: 1.566%
Break-even: 119.4 days

Slippage from BloFin: live order book, 5 min ago; Bitget: live order book, 26 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, 5 min ago	14.57 bp	45.7 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 26 min ago	6.20 bp	39.2 bp −$39	202.2 bp −$2,022	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
BloFin NIGHT-USDTlong	+0.0052%	4h	0.02419	long leg	$284K	$42K	50x
Deribit NIGHT_USDC-PERPETUAL	+0.0081%	1h	0.02420	+0.021%	$99	$99	10x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02419	−0.020%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02413	−0.248%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02415	−0.165%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02413	−0.240%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02416	−0.124%	$222K	$199K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02419	−0.005%	$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 NIGHTUSDTshort	+0.0100%	4h	0.02416	−0.124%	$646K	$393K	25x
SunX NIGHT-USDT	+0.0100%	4h	0.02417	−0.083%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0126%	4h	0.02413	−0.248%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0250%	4h	0.02416	−0.124%	$781K	$460K	100x	as long as short
Kraken Futures PF_NIGHTUSD	+1.8814%	1h	0.02442	+0.958%	$65K	$61K	25x	as long as short