Funding you earn now, next payment 04:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.046%
Price spread now: MEXC against Gate−0.041%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$346as in the Funding arb table
Net, price: spread back to 7d avg − costs−$381as in the Price arb table
costs, in and out, $10k−$3803.796% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.041%, 7d avg −0.030%
=The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$4 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 | 0.02418 | 0.0100 | pay 0.0100% / 8h | 6h 06m | $223K | $204K | 20x |
| Short | MEXC NIGHT_USDT | 0.02417 | 0.0238 | get 0.0119% / 4h | 2h 06m | $849K | $461K | 100x |
Gate NIGHT_USDT
MEXC NIGHT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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
- $28.98
- Price spread: −0.041% → −0.030%
- −$1.12
- Slippage, 4 orders
- −$360.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$351.72
- Costs to cover
- 3.796%
- Break-even
- 92.0 days
Slippage from Gate: live order book, 55 min ago; MEXC: live order book, 54 min ago.
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 Gate live order book, 55 min ago | 4.14 bp | 180.4 bp −$180 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 54 min ago | 4.14 bp | 13.7 bp −$14 | 67.7 bp −$677 | 335.2 bp −$33.5K | doesn't fit |
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 | −9.835% | $1K | — | 50x | as long as short |
| Kraken Futures PF_NIGHTUSD | −0.1291% | 1h | 0.02427 | +0.370% | $64K | $60K | 25x | as long as short |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | +0.703% | $1K | $58K | 5.5x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02419 | +0.052% | $27K | $34K | 10x | as long as short |
| Binance NIGHTUSDT | +0.0100% | 4h | 0.02417 | −0.043% | $5.3M | $6.5M | 50x | as long as short |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02419 | +0.041% | $2.0M | $1.0M | 50x | as long as short |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02419 | +0.025% | $1.6M | $1.9M | 20x | as long as short |
| Gate NIGHT_USDTlong | +0.0100% | 8h | 0.02418 | long leg | $223K | $204K | 20x | |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02420 | +0.101% | $1.4M | $5.3M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02420 | +0.083% | $647K | $403K | 25x | as long as short |
Coinbase International NIGHT-PERP-INTX
Kraken Futures PF_NIGHTUSD
Injective NIGHT/USDC PERP
Aster NIGHTUSDT
Binance NIGHTUSDT
Bybit NIGHTUSDT
OKX NIGHT-USDT-SWAP
KuCoin NIGHTUSDTM
Bitget NIGHTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NIGHT-USDT | +0.0100% | 4h | 0.02419 | +0.041% | $2K | $1.9M | 20x | as long as short |
| BingX NIGHT-USDT | +0.0120% | 4h | 0.02418 | 0.000% | — | $6.6M | — | as long as short |
| MEXC NIGHT_USDTshort | +0.0238% | 4h | 0.02417 | −0.041% | $849K | $461K | 100x | |
| Deribit NIGHT_USDC-PERPETUAL | +0.0701% | 1h | 0.02422 | +0.153% | $99 | $99 | 10x | as long as short |
SunX NIGHT-USDT
BingX NIGHT-USDT
Deribit NIGHT_USDC-PERPETUAL