NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+2.3816%/8h= +2607.8% APRnext payment +$29.77 per $10,000 · paid last 24h +9.321%

Price spread now: Kraken Futures against Coinbase International+4.958%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 Kraken Futures

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 +$714 a day on $10k at the current rate, and Kraken Futures is 4.958% dearer against Coinbase International than usual: you sell high and buy low: +$496 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	0.02239	−2.0856	get 0.2607% / 1h	23m 21s	$1K	$74	50x
Short	Kraken Futures PF_NIGHTUSD	0.02350	0.2960	get 0.0370% / 1h	23m 21s	$63K	$58K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +4.958%Rate

Funding earned: $5,001.32
Price spread: +4.958% → 0.000%: $495.84
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $5,477.16
Costs to cover: 0.200%
Break-even: from the start

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

Coinbase International and Kraken Futures: 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	−2.0856%	1h	0.02239	long leg	$1K	$74	50x
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+8.764%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02367	+5.747%	$16K	$41K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02366	+5.696%	$5.1M	$6.3M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02368	+5.771%	$1.9M	$1.1M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02366	+5.699%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02366	+5.682%	$214K	$204K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02370	+5.882%	$1.3M	$5.4M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02368	+5.771%	$637K	$433K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02365	+5.637%	$943	$1.8M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX NIGHT-USDT	+0.0108%	4h	0.02366	+5.682%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0128%	4h	0.02371	+5.905%	$272K	$44K	50x	as long as short
MEXC NIGHT_USDT	+0.0216%	4h	0.02367	+5.726%	$759K	$456K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0469%	1h	0.02367	+5.735%	$97	$99	10x	as long as short
Kraken Futures PF_NIGHTUSDshort	+0.2960%	1h	0.02350	+4.958%	$63K	$58K	25x