NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.008%

Price spread now: BingX against Bybit0.000%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1881.876% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.017%+$2 · spread now 0.000%, 7d avg −0.042%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.042% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NIGHTUSDT	0.02413	0.0100	pay 0.0050% / 4h	28m 32s	$2.0M	$1.0M	50x
Short	BingX NIGHT-USDT	0.02413	0.0126	get 0.0063% / 4h	28m 32s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $5.46
Price spread: 0.000% → −0.042%: $4.2
Slippage, 4 orders: −$166.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$177.92
Costs to cover: 1.876%
Break-even: 235.1 days

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 8 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, 3 min ago	2.07 bp	60.1 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	8.33 bp	29.9 bp −$30	88.6 bp −$886	849.1 bp −$84.9K	1215.7 bp −$607.8K

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-USDT	+0.0052%	4h	0.02419	+0.249%	$284K	$42K	50x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0081%	1h	0.02420	+0.269%	$99	$99	10x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02415	+0.089%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02412	−0.027%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDTlong	+0.0100%	4h	0.02413	long leg	$2.0M	$1.0M	50x
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02415	+0.075%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02415	+0.083%	$222K	$199K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02416	+0.114%	$1.4M	$5.2M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NIGHTUSDT	+0.0100%	4h	0.02415	+0.083%	$646K	$393K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02417	+0.166%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDTshort	+0.0126%	4h	0.02413	0.000%	—	$6.6M	—
MEXC NIGHT_USDT	+0.0250%	4h	0.02412	−0.041%	$780K	$460K	100x	as long as short
Kraken Futures PF_NIGHTUSD	+1.8814%	1h	0.02442	+1.209%	$65K	$61K	25x	as long as short