NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.5197%/8h= +569.1% APRnext payment +$6.50 per $10,000 · paid last 24h +2.262%

Price spread now: Kraken Futures against Deribit−0.924%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.924% cheaper against Deribit than usual: you would sell low and buy high (spread −0.924% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$92 on $10k: about 14 hours of funding at the current rate (+$156 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NIGHT_USDC-PERPETUAL	0.02382	0.0716	pay 0.0090% / 1h	6m 21s	$98	$99	10x
Short	Kraken Futures PF_NIGHTUSD	0.02360	0.5914	get 0.0739% / 1h	6m 21s	$63K	$62K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.924%Rate

Funding earned: $1,091.42
Price spread: −0.924% → 0.000%: −$92.4
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $982.02
Costs to cover: 0.170%
Break-even: 0.7 days

Slippage unknown: Deribit: 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 Deribit no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Deribit 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-INTX	−2.1536%	1h	0.02239	−6.016%	$1K	$74	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+2.221%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02382	−0.008%	$16K	$42K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02381	−0.059%	$5.2M	$6.6M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02382	−0.004%	$1.9M	$1.1M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02377	−0.206%	$1.6M	$2.0M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02380	−0.088%	$216K	$220K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02382	−0.024%	$1.3M	$5.4M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02381	−0.046%	$641K	$451K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02379	−0.130%	$2K	$1.9M	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	0.02380	−0.088%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0109%	4h	0.02382	−0.004%	$272K	$43K	50x	as long as short
MEXC NIGHT_USDT	+0.0216%	4h	0.02380	−0.088%	$761K	$456K	100x	as long as short
Deribit NIGHT_USDC-PERPETUALlong	+0.0716%	1h	0.02382	long leg	$98	$99	10x
Kraken Futures PF_NIGHTUSDshort	+0.5914%	1h	0.02360	−0.924%	$63K	$62K	25x