Settings8H · net · $10k
Funding arb · Price arb /

NIGHT

all NIGHT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.121%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2442.437% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.272%+$27 on $10k
Price spread, last 7 days+0.086%+$9 · spread now −0.121%, 7d avg −0.112%
Together, before fees+0.358%+$36 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NIGHTUSDTM0.024160.0100pay 0.0050% / 4h25m 21s$1.4M$5.2M50x
ShortBinance NIGHTUSDT0.024130.0100get 0.0050% / 4h25m 21s$5.3M$6.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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

Funding earned
$0
Price spread: −0.121% → −0.112%
−$0.89
Slippage, 4 orders
−$221.73
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$244.62
Costs to cover
2.437%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago15.33 bp85.1 bp −$85548.3 bp −$5,483doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago2.08 bp25.3 bp −$25160.3 bp −$1,603doesn't fitdoesn't fit

NIGHT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International NIGHT-PERP-INTX−2.3328%1h0.02180−9.765%$1K50xas long as short
Injective NIGHT/USDC PERP+0.0033%1h0.02435+0.781%$1K$58K5.5xas long as short
Aster NIGHTUSDT+0.0100%4h0.02413−0.134%$27K$35K10xas long as short
Binance NIGHTUSDTshort+0.0100%4h0.02413−0.121%$5.3M$6.5M50x
Bybit NIGHTUSDT+0.0100%4h0.02412−0.171%$2.0M$1.0M50xas long as short
OKX NIGHT-USDT-SWAP+0.0100%4h0.02411−0.209%$1.6M$1.9M20xas long as short
Gate NIGHT_USDT+0.0100%8h0.02411−0.213%$222K$199K20xas long as short
KuCoin NIGHTUSDTMlong+0.0100%4h0.02416long leg$1.4M$5.2M50x
Bitget NIGHTUSDT+0.0100%4h0.02414−0.089%$646K$393K25xas long as short
SunX NIGHT-USDT+0.0100%4h0.02413−0.130%$2K$1.9M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX NIGHT-USDT+0.0126%4h0.02413−0.130%$6.6Mas long as short
BloFin NIGHT-USDT+0.0152%4h0.02412−0.171%$282K$42K50xas long as short
MEXC NIGHT_USDT+0.0250%4h0.02413−0.130%$780K$460K100xas long as short
Deribit NIGHT_USDC-PERPETUAL+0.0579%1h0.02415−0.031%$99$9910xas long as short
Kraken Futures PF_NIGHTUSD+1.8845%1h0.02438+0.911%$65K$61K25xas long as short