Funding you earn now, next payment 04:00 UTC−0.0353%/8h= −38.7% APRpaid last 24h −0.047%
Price spread now: Gate against Deribit−0.120%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.120% cheaper against Deribit than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NIGHT_USDC-PERPETUAL | 0.02420 | 0.0453 | pay 0.0057% / 1h | 30m 30s | $99 | $99 | 10x |
| Short | Gate NIGHT_USDT | 0.02417 | 0.0100 | get 0.0100% / 8h | 4h 30m | $222K | $199K | 20x |
Deribit NIGHT_USDC-PERPETUAL
Gate NIGHT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$74.13
- Price spread: −0.120% → 0.000%
- −$11.98
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$108.11
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Gate: live order book, 21 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 21 min ago | 4.15 bp | 183.6 bp −$184 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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-INTX | −2.3328% | 1h | 0.02180 | −9.905% | $1K | — | 50x | as long as short |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | +0.624% | $1K | $58K | 5.5x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02419 | −0.053% | $27K | $35K | 10x | as long as short |
| Binance NIGHTUSDT | +0.0100% | 4h | 0.02418 | −0.079% | $5.3M | $6.5M | 50x | as long as short |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02418 | −0.079% | $2.0M | $1.0M | 50x | as long as short |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02418 | −0.095% | $1.6M | $1.9M | 20x | as long as short |
| Gate NIGHT_USDTshort | +0.0100% | 8h | 0.02417 | −0.120% | $222K | $199K | 20x | |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02419 | −0.027% | $1.4M | $5.2M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02419 | −0.037% | $647K | $393K | 25x | as long as short |
| SunX NIGHT-USDT | +0.0100% | 4h | 0.02417 | −0.120% | $1K | $1.9M | 20x | as long as short |
Coinbase International NIGHT-PERP-INTX
Injective NIGHT/USDC PERP
Aster NIGHTUSDT
Binance NIGHTUSDT
Bybit NIGHTUSDT
OKX NIGHT-USDT-SWAP
KuCoin NIGHTUSDTM
Bitget NIGHTUSDT
SunX NIGHT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NIGHT-USDT | +0.0126% | 4h | 0.02418 | −0.079% | — | $6.6M | — | as long as short |
| BloFin NIGHT-USDT | +0.0126% | 4h | 0.02410 | −0.409% | $284K | $42K | 50x | as long as short |
| MEXC NIGHT_USDT | +0.0250% | 4h | 0.02418 | −0.079% | $782K | $460K | 100x | as long as short |
| Deribit NIGHT_USDC-PERPETUALlong | +0.0453% | 1h | 0.02420 | long leg | $99 | $99 | 10x | |
| Kraken Futures PF_NIGHTUSD | +1.8887% | 1h | 0.02433 | +0.532% | $65K | $61K | 25x | as long as short |
BingX NIGHT-USDT
BloFin NIGHT-USDT
MEXC NIGHT_USDT
Kraken Futures PF_NIGHTUSD