NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0337%/8h= −36.9% APRnext payment −$0.42 per $10,000 · paid last 24h −0.039%

Price spread now: Injective against Deribit+0.582%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Injective is 0.582% dearer against Deribit than usual: you sell high and buy low (spread +0.582% now, against zero (this spread has no 7-day history yet)): +$58 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NIGHT_USDC-PERPETUAL	0.02421	0.0370	pay 0.0046% / 1h	5m 14s	$99	$99	10x
Short	Injective NIGHT/USDC PERP	0.02435	0.0033	get 0.0004% / 1h	5m 14s	$1K	$58K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +0.582%Rate

Funding earned: −$70.7
Price spread: +0.582% → 0.000%: $58.24
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$19.48
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: 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 Deribit no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Deribit 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 14 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	−9.943%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.1291%	1h	0.02427	+0.237%	$64K	$60K	25x	as long as short
Injective NIGHT/USDC PERPshort	+0.0033%	1h	0.02435	+0.582%	$1K	$58K	5.5x
Aster NIGHTUSDT	+0.0100%	4h	0.02419	−0.068%	$27K	$34K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02418	−0.111%	$5.4M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02419	−0.078%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02418	−0.120%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02419	−0.078%	$223K	$204K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02420	−0.046%	$1.4M	$5.3M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02420	−0.037%	$647K	$403K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NIGHT-USDT	+0.0100%	4h	0.02418	−0.120%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0120%	4h	0.02418	−0.120%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0238%	4h	0.02418	−0.120%	$850K	$461K	100x	as long as short
Deribit NIGHT_USDC-PERPETUALlong	+0.0370%	1h	0.02421	long leg	$99	$99	10x