NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.008%

Price spread now: BingX against KuCoin−0.063%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$260as in the Price arb table

costs, in and out, $10k−$2642.642% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.063%, 7d avg −0.109%

Together, before fees+0.246%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.046% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NIGHTUSDTM	0.02432	0.0100	pay 0.0050% / 4h	3h 30m	$1.4M	$5.2M	50x
Short	BingX NIGHT-USDT	0.02430	0.0126	get 0.0063% / 4h	3h 30m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $5.46
Price spread: −0.063% → −0.109%: $4.59
Slippage, 4 orders: −$242.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$254.11
Costs to cover: 2.642%
Break-even: 332.8 days

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 6 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 KuCoin live order book, 2 min ago	9.81 bp	89.0 bp −$89	784.0 bp −$7,840	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	6.18 bp	28.9 bp −$29	97.6 bp −$976	979.9 bp −$98.0K	1333.3 bp −$666.6K

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	−2.3328%	1h	0.02180	−10.337%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.142%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02430	−0.058%	$27K	$33K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02430	−0.063%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02431	−0.022%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02430	−0.067%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02430	−0.063%	$239K	$208K	20x	as long as short
KuCoin NIGHTUSDTMlong	+0.0100%	4h	0.02432	long leg	$1.4M	$5.2M	50x
Bitget NIGHTUSDT	+0.0100%	4h	0.02431	−0.022%	$682K	$414K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02427	−0.187%	$1K	$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-USDTshort	+0.0126%	4h	0.02430	−0.063%	—	$6.6M	—
BloFin NIGHT-USDT	+0.0149%	4h	0.02430	−0.063%	$284K	$41K	50x	as long as short
MEXC NIGHT_USDT	+0.0250%	4h	0.02430	−0.063%	$785K	$451K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0696%	1h	0.02434	+0.093%	$100	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.7574%	1h	0.02442	+0.449%	$65K	$61K	25x	as long as short