Funding arb · Price arb /

NIGHT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0473%/8h= +51.8% APRpaid last 24h +0.010%

Price spread now: Deribit against KuCoin+0.011%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$14 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	0.02432	0.0100	pay 0.0050% / 4h	3h 38m	$1.4M	$5.2M	50x
Short	Deribit NIGHT_USDC-PERPETUAL	0.02432	0.0573	get 0.0072% / 1h	38m 00s	$100	$99	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.011%Rate

Funding earned: $99.31
Price spread: +0.011% → 0.000%: $1.11
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $81.42
Costs to cover: 0.190%
Break-even: 1.3 days

Slippage unknown: KuCoin: live order book, 10 min ago; 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 KuCoin live order book, 10 min ago	10.29 bp	135.4 bp −$135	739.7 bp −$7,397	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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	−2.3328%	1h	0.02180	−10.358%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.5817%	1h	0.02420	−0.496%	$63K	$61K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.118%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02431	−0.040%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02429	−0.129%	$5.4M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02430	−0.088%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02428	−0.157%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02432	−0.005%	$225K	$205K	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	−0.046%	$649K	$394K	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	0.02428	−0.170%	$2K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0120%	4h	0.02428	−0.170%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0145%	4h	0.02437	+0.200%	$288K	$46K	50x	as long as short
MEXC NIGHT_USDT	+0.0238%	4h	0.02429	−0.129%	$882K	$457K	100x	as long as short
Deribit NIGHT_USDC-PERPETUALshort	+0.0573%	1h	0.02432	+0.011%	$100	$99	10x