NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.045%

Price spread now: MEXC against BloFin+0.042%49s7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as 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−$1131.127% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.312%+$31 on $10k

Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.042%, 7d avg −0.025%

Together, before fees+0.123%+$12 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 MEXC is 0.067% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 49 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	0.02357	0.0156	pay 0.0078% / 4h	3h 52m	$269K	$40K	50x
Short	MEXC NIGHT_USDT	0.02358	0.0216	get 0.0108% / 4h	3h 52m	$777K	$351K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.042%Rate

Funding earned: $12.51
Price spread: +0.042% → −0.025%: $6.75
Slippage, 4 orders: −$96.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$93.43
Costs to cover: 1.127%
Break-even: 59.3 days

Slippage from BloFin: live order book, 22 min ago; MEXC: live order book, 38 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, 22 min ago	10.55 bp	42.7 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 38 min ago	2.11 bp	14.4 bp −$14	61.2 bp −$612	305.1 bp −$30.5K	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	−1.9480%	1h	0.02239	−5.015%	$1K	$74	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.5032%	1h	0.02347	−0.411%	$62K	$55K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+3.309%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02358	+0.022%	$18K	$39K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02358	+0.022%	$5.1M	$5.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02358	+0.042%	$1.9M	$1.1M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02356	−0.047%	$1.5M	$1.7M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02354	−0.127%	$214K	$205K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02358	+0.025%	$1.3M	$5.4M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02359	+0.085%	$634K	$422K	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	0.02357	0.000%	$1K	$1.5M	20x	as long as short
BingX NIGHT-USDT	+0.0108%	4h	0.02357	0.000%	—	$6.6M	—	as long as short
BloFin NIGHT-USDTlong	+0.0156%	4h	0.02357	long leg	$269K	$40K	50x
MEXC NIGHT_USDTshort	+0.0216%	4h	0.02358	+0.042%	$777K	$351K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.0811%	1h	0.02360	+0.115%	$97	$99	10x	as long as short