Funding arb · Price arb /

NIGHT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit−0.083%7-day average −0.026% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.175%+$17 · spread now −0.083%, 7d avg −0.026%

Together, before fees+0.195%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.057% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.026%.

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 48m	$2.0M	$1.0M	50x
Short	SunX NIGHT-USDT	0.02421	0.0100	get 0.0050% / 4h	2h 48m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $0
Price spread: −0.083% → −0.026%: −$5.66
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.66
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; SunX: live order book, 7 min ago. Net counts fees only.

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	6.21 bp	77.7 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	500.52 bp	doesn't fit	doesn't fit	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	+0.084%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02421	−0.083%	$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	0.02423	0.000%	$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-USDTshort	+0.0100%	4h	0.02421	−0.083%	$1K	$1.9M	20x
BloFin NIGHT-USDT	+0.0113%	4h	0.02424	+0.041%	$288K	$43K	50x	as long as short
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