NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−2.3361%/8h= −2558.1% APRnext payment −$29.20 per $10,000 · paid last 24h −6.995%

Price spread now: Coinbase International against Injective−10.464%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 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 −$701 a day on $10k at the current rate, and Coinbase International is 10.464% cheaper against Injective than usual: you would sell low and buy high (−$1,046 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	Injective NIGHT/USDC PERP	0.02435	0.0033	pay 0.0004% / 1h	6m 34s	$1K	$58K	5.5x
Short	Coinbase International NIGHT-PERP-INTX	0.02180	−2.3328	pay 0.2916% / 1h	6m 34s	$1K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −10.464%Rate

Funding earned: −$4,905.88
Price spread: −10.464% → 0.000%: −$1,046.41
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5,962.31
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Coinbase International: 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 Injective no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Injective and Coinbase International: 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-INTXshort	−2.3328%	1h	0.02180	−10.464%	$1K	—	50x
Kraken Futures PF_NIGHTUSD	−0.1291%	1h	0.02427	−0.331%	$64K	$60K	25x	as long as short
Injective NIGHT/USDC PERPlong	+0.0033%	1h	0.02435	long leg	$1K	$58K	5.5x
Aster NIGHTUSDT	+0.0100%	4h	0.02419	−0.646%	$27K	$34K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02417	−0.741%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02419	−0.657%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02419	−0.674%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02418	−0.698%	$223K	$204K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02420	−0.598%	$1.4M	$5.3M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02420	−0.616%	$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	0.02419	−0.657%	$2K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0120%	4h	0.02418	−0.698%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0238%	4h	0.02417	−0.739%	$849K	$461K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0701%	1h	0.02422	−0.546%	$99	$99	10x	as long as short