NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.001%

Price spread now: Bybit against BloFin+0.124%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2312.306% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.333%−$33 · spread now +0.124%, 7d avg +0.032%

Together, before fees−0.325%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.092% dearer against BloFin than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.032%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NIGHT-USDT	0.02420	0.0156	pay 0.0078% / 4h	1h 11m	$287K	$50K	50x
Short	Bybit NIGHTUSDT	0.02423	0.0100	get 0.0050% / 4h	1h 11m	$2.0M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$11.68
Price spread: +0.124% → +0.032%: $9.22
Slippage, 4 orders: −$207.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$233.08
Costs to cover: 2.306%
Break-even: never at this rate

Slippage from BloFin: live order book, 66 min ago; Bybit: live order book, 5 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, 66 min ago	8.25 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.19 bp	65.3 bp −$65	457.1 bp −$4,571	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	−9.909%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0087%	1h	0.02435	+0.620%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02424	+0.167%	$27K	$34K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02424	+0.165%	$5.4M	$6.8M	50x	as long as short
Bybit NIGHTUSDTshort	+0.0100%	4h	0.02423	+0.124%	$2.0M	$1.0M	50x
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02421	+0.045%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02422	+0.083%	$227K	$283K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02422	+0.074%	$1.4M	$5.1M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02424	+0.165%	$648K	$409K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02422	+0.083%	$2K	$2.0M	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	+0.0120%	4h	0.02423	+0.124%	—	$6.6M	—	as long as short
BloFin NIGHT-USDTlong	+0.0156%	4h	0.02420	long leg	$287K	$50K	50x
MEXC NIGHT_USDT	+0.0238%	4h	0.02423	+0.124%	$870K	$456K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0658%	1h	0.02426	+0.252%	—	—	10x	as long as short
Kraken Futures PF_NIGHTUSD	+2.5325%	1h	0.02400	−0.836%	$64K	$64K	25x	as long as short