Funding arb · Price arb / Crypto
NIGHT
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.03954 | spot | no funding | — | — | $1.2M | 1x | Buy Bybit Spot | |
| SHORT | 0.03945 | −0.0710 | pay 0.0355% / 4h | 2h 03m | $1.8M | $2.0M | 50x | Short Bybit |
Price gap−0.240%
Funding gap−0.0710% /8h
Both sides work against this pair now: funding costs $21 a day on $10k and the gap is 0.127% under its 7d average. Spot cannot be shorted here, so there is no reverse.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$6−0.0710% /8h now · paid +0.056% over the last 7D
Price−$13spread −0.240% now, avg −0.113% → −0.127% if it goes back
Costs−$1331.334% of $10k · taker + slippage, in and out
Result−$141−1.41%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.056% in total, about +0.0027%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.240%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNIGHT on 14 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size29.2 / 33.4 bpAt $10k entering Bybit costs 33.4 bp, fee and slippage, 1.1× Bybit Spot’s.
- Note: Spot in full, margin on the short$10,000 + $200The spot leg is bought with the whole $10k; Bybit runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
- OK: Only the short pays funding— / 4hThe spot leg pays no funding; Bybit settles every 4h.Next 24h at the current rates, on $10k a leg: −$21.29Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, −$21.29.
- Watch: Gap narrower than usual−0.240% vs −0.113%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.8M OIOnly Bybit reports one; the spot book's depth is in the cost check above.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Spot Yes · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0027%/8h × 21 periods+$5.58
Price spread−0.240% → −0.113% (7d avg)−$12.73
Slippage, 4 orderslive order books−$102.42
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$140.56
Costs to cover1.334%Break-even183.3 days
Slippage: Bybit Spot: live order book, 12 min ago; Bybit: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot2.5329.2 bp−$2962.8 bp−$628doesn’t fitdoesn’t fit
SELL · SHORTBybit2.5333.4 bp−$33191.4 bp−$1,914doesn’t fitdoesn’t fit
Closing costs about the same again.
NIGHT news
posts that mention NIGHT, from every exchange| 11-02 06:23 | OKX | Contest | Tech earnings season = hundreds of movers. Make your calls on Outcomes to compete for a share of 1M $NIGHT in Earnings Week bonuses, sponsored by @MidnightNtwrk. Eligible regions only → @okx on X ↗ |
| 10-01 14:01 | StandX | Other | Big thanks to @071_labs for hosting PERPDEX NIGHT in Seoul! Great to share the stage with @risechain and @TurboFlow_xyz, and even better to see so many traders and community members getting involved in the live battles and challenges. Thanks to everyone who joined us. Safe to say StandX is long Korea 🇰🇷 @StandX_Official on X ↗ |
| 09-30 08:24 | StandX | Other | Luma link for PerpDEX NIGHT in Seoul tomorrow with @risechain, @TurboFlow_xyz and @071_labs ➡️ @StandX_Official on X ↗ |
| 09-30 08:24 | StandX | Other | Japan → Seoul → Singapore Join us at @kbwofficial in Korea tomorrow for PERPDEX NIGHT, then meet the team at #TOKEN2049 Singapore. DMs are open if you want to connect 🧍🧍♂️ @StandX_Official on X ↗ |
| 09-25 08:35 | StandX | Other | PERPDEX NIGHT is coming to Seoul 🇰🇷 October 1st, 6:00 to 9:30 PM. If you’re in Korea, come meet us there for trading battles, market insights and more with @071_labs, @risechain and @TurboFlow_xyz. @StandX_Official on X ↗ |
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