Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.042%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1441.439% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now −0.042%, 7d avg −0.046%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NIGHTUSDT | 0.02392 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $1.9M | $1.0M | 50x |
| Short | Binance NIGHTUSDT | 0.02391 | 0.0100 | get 0.0050% / 4h | 2h 40m | $5.2M | $6.5M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: −0.042% → −0.046%
- $0.38
- Slippage, 4 orders
- −$122.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$143.49
- Costs to cover
- 1.439%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 14 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 Bybit live order book, 1 min ago | 4.18 bp | 61.1 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.08 bp | 28.0 bp −$28 | 143.0 bp −$1,430 | 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 | −2.2072% | 1h | 0.02239 | −6.405% | $1K | $74 | 50x | as long as short |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | +1.798% | $1K | $58K | 5.5x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02392 | +0.011% | $27K | $35K | 10x | as long as short |
| Binance NIGHTUSDTshort | +0.0100% | 4h | 0.02391 | −0.042% | $5.2M | $6.5M | 50x | |
| Bybit NIGHTUSDTlong | +0.0100% | 4h | 0.02392 | long leg | $1.9M | $1.0M | 50x | |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02393 | +0.042% | $1.6M | $1.9M | 20x | as long as short |
| Gate NIGHT_USDT | +0.0100% | 8h | 0.02393 | +0.042% | $219K | $216K | 20x | as long as short |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02391 | −0.047% | $1.3M | $5.2M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02393 | +0.042% | $665K | $434K | 25x | as long as short |
| SunX NIGHT-USDT | +0.0100% | 4h | 0.02393 | +0.042% | $1K | $1.9M | 20x | as long as short |
Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIGHT-USDT | +0.0117% | 4h | 0.02399 | +0.293% | $216K | $44K | 50x | as long as short |
| BingX NIGHT-USDT | +0.0126% | 4h | 0.02392 | 0.000% | — | $6.6M | — | as long as short |
| MEXC NIGHT_USDT | +0.0250% | 4h | 0.02391 | −0.042% | $767K | $454K | 100x | as long as short |
| Deribit NIGHT_USDC-PERPETUAL | +0.0544% | 1h | 0.02395 | +0.138% | $98 | $99 | 10x | as long as short |
| Kraken Futures PF_NIGHTUSD | +1.1599% | 1h | 0.02399 | +0.276% | $64K | $61K | 25x | as long as short |
Bybit NIGHTUSDT
Binance NIGHTUSDT
Coinbase International NIGHT-PERP-INTX
Injective NIGHT/USDC PERP
Aster NIGHTUSDT
OKX NIGHT-USDT-SWAP
Gate NIGHT_USDT
KuCoin NIGHTUSDTM
Bitget NIGHTUSDT
SunX NIGHT-USDT
BloFin NIGHT-USDT
BingX NIGHT-USDT
MEXC NIGHT_USDT
Deribit NIGHT_USDC-PERPETUAL
Kraken Futures PF_NIGHTUSD