NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.008%

Price spread now: BingX against Gate−0.041%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$573as in the Funding arb table

Net, price: spread back to 7d avg − costs−$582as in the Price arb table

costs, in and out, $10k−$5825.817% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now −0.041%, 7d avg −0.038%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NIGHT_USDT	0.02429	0.0100	pay 0.0100% / 8h	3h 33m	$239K	$208K	20x
Short	BingX NIGHT-USDT	0.02428	0.0126	get 0.0063% / 4h	3h 33m	—	$6.6M	—

Funding history

latest

Range statsloading…

BingX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now −0.041%Rate

Slippage from Gate: live order book, 13 min ago; BingX: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 13 min ago	4.12 bp	266.9 bp −$267	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	6.18 bp	28.9 bp −$29	97.6 bp −$976	979.9 bp −$98.0K	1333.3 bp −$666.6K

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	−10.243%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.247%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDT	+0.0044%	4h	0.02430	+0.041%	$283K	$41K	50x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02429	−0.006%	$27K	$33K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02428	−0.032%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02429	0.000%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02429	−0.004%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDTlong	+0.0100%	8h	0.02429	long leg	$239K	$208K	20x
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02430	+0.056%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02432	+0.124%	$682K	$414K	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	0.02428	−0.041%	$2K	$1.9M	20x	as long as short
BingX NIGHT-USDTshort	+0.0126%	4h	0.02428	−0.041%	—	$6.6M	—
MEXC NIGHT_USDT	+0.0250%	4h	0.02428	−0.041%	$785K	$450K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0862%	1h	0.02432	+0.107%	$100	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.7571%	1h	0.02444	+0.598%	$65K	$61K	25x	as long as short