NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.75 per $10,000 · paid last 24h +0.046%

Price spread now: MEXC against Bybit+0.041%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1591.590% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.305%+$31 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.041%, 7d avg −0.063%

Together, before fees+0.222%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and MEXC is 0.104% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NIGHTUSDT	0.02434	0.0100	pay 0.0050% / 4h	1h 13m	$2.0M	$1.0M	50x
Short	MEXC NIGHT_USDT	0.02435	0.0250	get 0.0125% / 4h	1h 13m	$810K	$458K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.041%Rate

Funding earned: $31.5
Price spread: +0.041% → −0.063%: $10.37
Slippage, 4 orders: −$143.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$117.09
Costs to cover: 1.590%
Break-even: 33.0 days

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 42 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	6.16 bp	67.4 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 42 min ago	2.07 bp	10.1 bp −$10	76.5 bp −$765	287.4 bp −$28.7K	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	−10.427%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.041%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDT	+0.0098%	4h	0.02436	+0.082%	$287K	$42K	50x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02434	+0.007%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02436	+0.082%	$5.4M	$6.5M	50x	as long as short
Bybit NIGHTUSDTlong	+0.0100%	4h	0.02434	long leg	$2.0M	$1.0M	50x
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02434	+0.008%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02434	0.000%	$224K	$204K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02436	+0.093%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02435	+0.041%	$652K	$399K	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	0.02434	0.000%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0126%	4h	0.02433	−0.041%	—	$6.6M	—	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0161%	1h	0.02435	+0.045%	$100	$99	10x	as long as short
MEXC NIGHT_USDTshort	+0.0250%	4h	0.02435	+0.041%	$810K	$458K	100x
Kraken Futures PF_NIGHTUSD	+0.5564%	1h	0.02444	+0.399%	$64K	$60K	25x	as long as short