NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Bybit+0.041%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2712.710% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.041%, 7d avg −0.032%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.073% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NIGHTUSDT	0.02423	0.0100	pay 0.0050% / 4h	2h 49m	$2.0M	$1.0M	50x
Short	BloFin NIGHT-USDT	0.02424	0.0113	get 0.0056% / 4h	2h 49m	$288K	$43K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $2.67
Price spread: +0.041% → −0.032%: $7.32
Slippage, 4 orders: −$248.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$261.03
Costs to cover: 2.710%
Break-even: 690.5 days

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 12 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, 2 min ago	6.21 bp	77.7 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 12 min ago	6.20 bp	56.5 bp −$56	244.2 bp −$2,442	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	−10.021%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.1283%	1h	0.02443	+0.823%	$64K	$61K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.495%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02425	+0.093%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02422	−0.051%	$5.4M	$6.6M	50x	as long as short
Bybit NIGHTUSDTlong	+0.0100%	4h	0.02423	long leg	$2.0M	$1.0M	50x
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02421	−0.074%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02424	+0.041%	$224K	$201K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02425	+0.082%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02424	+0.041%	$648K	$403K	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	0.02421	−0.083%	$1K	$1.9M	20x	as long as short
BloFin NIGHT-USDTshort	+0.0113%	4h	0.02424	+0.041%	$288K	$43K	50x
BingX NIGHT-USDT	+0.0120%	4h	0.02421	−0.083%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0238%	4h	0.02421	−0.083%	$853K	$458K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0988%	1h	0.02426	+0.111%	$99	$99	10x	as long as short