NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.27 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BloFin+0.109%65s7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$316as 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−$2912.908% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 4 days (all we have)−0.420%−$42 · spread now +0.109%, 7d avg +0.070%

Together, before fees−0.667%−$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.039% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.070%. Mind the row above: over the last 7 days funding on this pair cost −0.247%, so the current rate has only just turned in your favour. The two prices were read 65 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	0.02413	0.0047	pay 0.0023% / 4h	22m 07s	$282K	$42K	50x
Short	KuCoin NIGHTUSDTM	0.02416	0.0100	get 0.0050% / 4h	22m 07s	$1.4M	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.109%Rate

Funding earned: $11.21
Price spread: +0.109% → +0.070%: $3.93
Slippage, 4 orders: −$266.83
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$275.7
Costs to cover: 2.908%
Break-even: 179.2 days

Slippage from BloFin: live order book, 12 min ago; KuCoin: live order book, 1 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, 12 min ago	14.57 bp	45.7 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	11.66 bp	108.3 bp −$108	491.3 bp −$4,913	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	−9.648%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.912%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDTlong	+0.0047%	4h	0.02413	long leg	$282K	$42K	50x
Aster NIGHTUSDT	+0.0100%	4h	0.02413	+0.019%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02411	−0.083%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02411	−0.083%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02409	−0.149%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02410	−0.124%	$221K	$199K	20x	as long as short
KuCoin NIGHTUSDTMshort	+0.0100%	4h	0.02416	+0.109%	$1.4M	$5.2M	50x
Bitget NIGHTUSDT	+0.0100%	4h	0.02412	−0.041%	$645K	$393K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NIGHT-USDT	+0.0100%	4h	0.02413	0.000%	$2K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0126%	4h	0.02411	−0.083%	—	$6.6M	—	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0206%	1h	0.02415	+0.070%	$99	$99	10x	as long as short
MEXC NIGHT_USDT	+0.0250%	4h	0.02412	−0.041%	$780K	$460K	100x	as long as short
Kraken Futures PF_NIGHTUSD	+1.8979%	1h	0.02421	+0.326%	$64K	$61K	25x	as long as short