NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+1.9513%/8h= +2136.7% APRnext payment +$24.39 per $10,000 · paid last 24h +6.885%

Price spread now: Injective against Coinbase International+8.764%64s7-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 Injective

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—needs both histories

Both sides work for this trade now. Funding pays +$585 a day on $10k at the current rate, and Injective is 8.764% dearer against Coinbase International than usual: you sell high and buy low: +$876 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NIGHT-PERP-INTX	0.02239	−1.9480	get 0.2435% / 1h	39m 30s	$1K	$74	50x
Short	Injective NIGHT/USDC PERP	0.02435	0.0033	get 0.0004% / 1h	39m 30s	$1K	$58K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +8.764%Rate

Funding earned: $4,097.8
Price spread: +8.764% → 0.000%: $876.36
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $4,964.14
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Coinbase International and Injective: 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	−1.9480%	1h	0.02239	long leg	$1K	$74	50x
Kraken Futures PF_NIGHTUSD	−0.5035%	1h	0.02346	+4.776%	$62K	$53K	25x	as long as short
Injective NIGHT/USDC PERPshort	+0.0033%	1h	0.02435	+8.764%	$1K	$58K	5.5x
Aster NIGHTUSDT	+0.0100%	4h	0.02358	+5.330%	$18K	$37K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02359	+5.369%	$5.1M	$5.4M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02359	+5.369%	$1.9M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02360	+5.427%	$1.5M	$1.7M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02357	+5.280%	$214K	$207K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02358	+5.303%	$1.3M	$5.4M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02365	+5.637%	$636K	$410K	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	0.02359	+5.369%	$2K	$1.5M	20x	as long as short
BingX NIGHT-USDT	+0.0108%	4h	0.02362	+5.503%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0125%	4h	0.02359	+5.369%	$268K	$40K	50x	as long as short
MEXC NIGHT_USDT	+0.0216%	4h	0.02362	+5.503%	$777K	$356K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0852%	1h	0.02362	+5.490%	$97	$99	10x	as long as short