NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.27 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against KuCoin−0.072%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$305as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3203.199% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 4 days (all we have)+0.804%+$80 · spread now −0.072%, 7d avg −0.074%

Together, before fees+0.955%+$96 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NIGHTUSDTM	0.02380	0.0100	pay 0.0050% / 4h	3h 00m	$1.3M	$5.4M	50x
Short	BloFin NIGHT-USDT	0.02378	0.0153	get 0.0077% / 4h	3h 00m	$268K	$40K	50x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now −0.072%Rate

Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 9 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, 7 min ago	12.53 bp	100.0 bp −$100	570.1 bp −$5,701	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	6.30 bp	50.6 bp −$51	279.7 bp −$2,797	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	−1.9480%	1h	0.02239	−5.921%	$1K	$74	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.4985%	1h	0.02369	−0.444%	$62K	$53K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+2.323%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02380	−0.005%	$18K	$37K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02380	+0.002%	$5.2M	$5.3M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02380	+0.012%	$1.9M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02378	−0.059%	$1.5M	$1.7M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02378	−0.072%	$217K	$209K	20x	as long as short
KuCoin NIGHTUSDTMlong	+0.0100%	4h	0.02380	long leg	$1.3M	$5.4M	50x
Bitget NIGHTUSDT	+0.0100%	4h	0.02380	+0.012%	$639K	$406K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NIGHT-USDT	+0.0100%	4h	0.02379	−0.030%	$2K	$1.4M	20x	as long as short
BingX NIGHT-USDT	+0.0108%	4h	0.02380	+0.012%	—	$6.6M	—	as long as short
BloFin NIGHT-USDTshort	+0.0153%	4h	0.02378	−0.072%	$268K	$40K	50x
MEXC NIGHT_USDT	+0.0216%	4h	0.02380	+0.012%	$775K	$359K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.1053%	1h	0.02382	+0.109%	$98	$99	10x	as long as short