NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.69 per $10,000 · paid last 24h +0.046%

Price spread now: MEXC against KuCoin−0.137%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3193.186% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.562%+$56 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.137%, 7d avg −0.096%

Together, before fees+0.617%+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.096%). If the spread goes back, that is −$4 on $10k: about 24 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NIGHTUSDTM	0.02421	0.0100	pay 0.0050% / 4h	2h 47m	$1.4M	$5.2M	50x
Short	MEXC NIGHT_USDT	0.02418	0.0238	get 0.0119% / 4h	2h 47m	$852K	$458K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.137%Rate

Funding earned: $28.98
Price spread: −0.137% → −0.096%: −$4.13
Slippage, 4 orders: −$302.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$293.71
Costs to cover: 3.186%
Break-even: 77.9 days

Slippage from KuCoin: live order book, 5 min ago; MEXC: live order book, 13 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, 5 min ago	10.20 bp	156.5 bp −$156	592.6 bp −$5,926	doesn't fit	doesn't fit
Sell MEXC live order book, 13 min ago	4.14 bp	13.7 bp −$14	67.7 bp −$677	335.2 bp −$33.5K	doesn't fit

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	−9.958%	$1K	—	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.1289%	1h	0.02432	+0.429%	$64K	$61K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.565%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02420	−0.034%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02418	−0.137%	$5.4M	$6.6M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02420	−0.055%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02416	−0.199%	$1.6M	$1.8M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02418	−0.137%	$223K	$201K	20x	as long as short
KuCoin NIGHTUSDTMlong	+0.0100%	4h	0.02421	long leg	$1.4M	$5.2M	50x
Bitget NIGHTUSDT	+0.0100%	4h	0.02420	−0.055%	$647K	$403K	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	0.02418	−0.137%	$1K	$1.9M	20x	as long as short
BloFin NIGHT-USDT	+0.0113%	4h	0.02424	+0.111%	$288K	$43K	50x	as long as short
BingX NIGHT-USDT	+0.0120%	4h	0.02419	−0.096%	—	$6.6M	—	as long as short
MEXC NIGHT_USDTshort	+0.0238%	4h	0.02418	−0.137%	$852K	$458K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.1115%	1h	0.02422	+0.007%	$99	$99	10x	as long as short