NIGHT

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: Bitget against KuCoin−0.051%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$295as in the Funding arb table

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$3213.207% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.258%+$26 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.051%, 7d avg −0.049%

Together, before fees+0.320%+$32 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NIGHTUSDTM	0.02434	0.0100	pay 0.0050% / 4h	3h 39m	$1.4M	$5.2M	50x
Short	Bitget NIGHTUSDT	0.02433	0.0100	get 0.0050% / 4h	3h 39m	$650K	$394K	25x

Funding history

latest

Range statsloading…

Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now −0.051%Rate

Slippage from KuCoin: live order book, 8 min ago; Bitget: live order book, 30 min ago.

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, 8 min ago	10.29 bp	135.4 bp −$135	739.7 bp −$7,397	doesn't fit	doesn't fit
Sell Bitget live order book, 30 min ago	8.23 bp	33.1 bp −$33	177.5 bp −$1,775	doesn't fit	doesn't fit

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	−10.436%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.5810%	1h	0.02423	−0.460%	$63K	$61K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.032%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDT	+0.0061%	4h	0.02437	+0.114%	$288K	$46K	50x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02434	−0.019%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02432	−0.076%	$5.4M	$6.6M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02434	−0.009%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02430	−0.157%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02435	+0.032%	$225K	$205K	20x	as long as short
KuCoin NIGHTUSDTMlong	+0.0100%	4h	0.02434	long leg	$1.4M	$5.2M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NIGHTUSDTshort	+0.0100%	4h	0.02433	−0.051%	$650K	$394K	25x
SunX NIGHT-USDT	+0.0100%	4h	0.02432	−0.092%	$1K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0120%	4h	0.02431	−0.133%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0238%	4h	0.02432	−0.092%	$883K	$457K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.1722%	1h	0.02438	+0.171%	$100	$99	10x	as long as short