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: Deribit against Kraken Futures+0.933%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Deribit

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. Deribit is 0.933% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.933% now, against zero (this spread has no 7-day history yet)): +$93 on $10k if it goes back. Holding the pair costs −$156 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NIGHTUSD	0.02360	0.5914	pay 0.0739% / 1h	6m 11s	$63K	$62K	25x
Short	Deribit NIGHT_USDC-PERPETUAL	0.02382	0.0716	get 0.0090% / 1h	6m 11s	$98	$99	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now +0.933%Rate

Funding earned: −$1,091.42
Price spread: +0.933% → 0.000%: $93.26
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$1,015.16
Costs to cover: 0.170%
Break-even: from the start

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

Kraken Futures and Deribit: 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	−5.139%	$1K	$74	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+3.174%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02380	+0.855%	$16K	$42K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02380	+0.855%	$5.2M	$6.6M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02381	+0.886%	$1.9M	$1.1M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02380	+0.839%	$1.6M	$2.0M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02379	+0.801%	$216K	$220K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02381	+0.868%	$1.3M	$5.4M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02382	+0.928%	$641K	$451K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02379	+0.801%	$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	+0.844%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0109%	4h	0.02382	+0.928%	$272K	$43K	50x	as long as short
MEXC NIGHT_USDT	+0.0216%	4h	0.02379	+0.801%	$761K	$456K	100x	as long as short
Deribit NIGHT_USDC-PERPETUALshort	+0.0716%	1h	0.02382	+0.933%	$98	$99	10x
Kraken Futures PF_NIGHTUSDlong	+0.5914%	1h	0.02360	long leg	$63K	$62K	25x