Funding arb · Price arb /

NIGHT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+2.3428%/8h= +2565.4% APRpaid last 24h +7.012%

Price spread now: Aster against Coinbase International+11.405%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$703 a day on $10k at the current rate, and Aster is 11.405% dearer against Coinbase International than usual: you sell high and buy low: +$1,140 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NIGHT-PERP-INTX	0.02180	−2.3328	get 0.2916% / 1h	33m 34s	$1K	—	50x
Short	Aster NIGHTUSDT	0.02429	0.0100	get 0.0050% / 4h	3h 33m	$27K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +11.405%Rate

Funding earned: $4,919.88
Price spread: +11.405% → 0.000%: $1,140.48
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $6,042.36
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Aster: no order-book sample. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Coinbase International and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-INTXlong	−2.3328%	1h	0.02180	long leg	$1K	—	50x
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+11.687%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDT	+0.0044%	4h	0.02430	+11.458%	$283K	$41K	50x	as long as short
Aster NIGHTUSDTshort	+0.0100%	4h	0.02429	+11.405%	$27K	$33K	10x
Binance NIGHTUSDT	+0.0100%	4h	0.02428	+11.376%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02429	+11.412%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02429	+11.407%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02429	+11.412%	$239K	$208K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02430	+11.474%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02432	+11.549%	$682K	$414K	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	0.02428	+11.366%	$2K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0126%	4h	0.02428	+11.366%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0250%	4h	0.02428	+11.366%	$785K	$450K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0862%	1h	0.02432	+11.531%	$100	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.7571%	1h	0.02444	+12.078%	$65K	$61K	25x	as long as short