Funding you earn now, next payment 05:00 UTC+0.7394%/8h= +809.6% APRpaid last 24h +2.173%
Price spread now: Kraken Futures against BloFin+0.928%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.378%+$238 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$222 a day on $10k at the current rate, and Kraken Futures is 0.928% dearer against BloFin than usual: you sell high and buy low: +$93 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.378% in total (about 124.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NIGHT-USDT | 0.02430 | 0.0149 | pay 0.0075% / 4h | 3h 30m | $284K | $41K | 50x |
| Short | Kraken Futures PF_NIGHTUSD | 0.02453 | 0.7543 | get 0.0943% / 1h | 30m 00s | $65K | $61K | 25x |
BloFin NIGHT-USDT
Kraken Futures PF_NIGHTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1,552.72
- Price spread: +0.928% → 0.000%
- $92.85
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,623.57
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: BloFin: live order book, 64 min ago; Kraken Futures: no order-book sample. 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 BloFin live order book, 64 min ago | 14.57 bp | 45.7 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −10.280% | $1K | — | 50x | as long as short |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | +0.206% | $1K | $58K | 5.5x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02430 | +0.011% | $27K | $33K | 10x | as long as short |
| Binance NIGHTUSDT | +0.0100% | 4h | 0.02430 | +0.005% | $5.3M | $6.5M | 50x | as long as short |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02431 | +0.041% | $2.0M | $1.0M | 50x | as long as short |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02430 | +0.016% | $1.6M | $1.9M | 20x | as long as short |
| Gate NIGHT_USDT | +0.0100% | 8h | 0.02430 | 0.000% | $239K | $208K | 20x | as long as short |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02432 | +0.077% | $1.4M | $5.2M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02431 | +0.041% | $682K | $414K | 25x | as long as short |
| SunX NIGHT-USDT | +0.0100% | 4h | 0.02429 | −0.041% | $1K | $1.9M | 20x | as long as short |
Coinbase International NIGHT-PERP-INTX
Injective NIGHT/USDC PERP
Aster NIGHTUSDT
Binance NIGHTUSDT
Bybit NIGHTUSDT
OKX NIGHT-USDT-SWAP
Gate NIGHT_USDT
KuCoin NIGHTUSDTM
Bitget NIGHTUSDT
SunX NIGHT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NIGHT-USDT | +0.0126% | 4h | 0.02430 | 0.000% | — | $6.6M | — | as long as short |
| BloFin NIGHT-USDTlong | +0.0149% | 4h | 0.02430 | long leg | $284K | $41K | 50x | |
| MEXC NIGHT_USDT | +0.0250% | 4h | 0.02430 | 0.000% | $785K | $451K | 100x | as long as short |
| Deribit NIGHT_USDC-PERPETUAL | +0.2260% | 1h | 0.02437 | +0.267% | $100 | $99 | 10x | as long as short |
| Kraken Futures PF_NIGHTUSDshort | +0.7543% | 1h | 0.02453 | +0.928% | $65K | $61K | 25x |
BingX NIGHT-USDT
MEXC NIGHT_USDT
Deribit NIGHT_USDC-PERPETUAL