Settings8H · net · $10k
Funding arb · Price arb /

NIGHT

all NIGHT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin−0.109%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2672.674% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.161%+$16 on $10k
Price spread, last 7 days+0.041%+$4 · spread now −0.109%, 7d avg −0.117%
Together, before fees+0.202%+$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NIGHTUSDTM0.023670.0100pay 0.0050% / 4h21m 30s$1.3M$5.4M50x
ShortOKX NIGHT-USDT-SWAP0.023650.0100get 0.0050% / 4h21m 30s$1.6M$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: −0.109% → −0.117%
$0.78
Slippage, 4 orders
−$245.41
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$266.63
Costs to cover
2.674%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 6 min ago4.54 bp86.3 bp −$86596.3 bp −$5,963doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago3.17 bp32.0 bp −$32doesn't fitdoesn't fitdoesn't fit

NIGHT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International NIGHT-PERP-INTX−2.0856%1h0.02239−5.435%$1K$7450xas long as short
Injective NIGHT/USDC PERP+0.0033%1h0.02435+2.852%$1K$58K5.5xas long as short
Aster NIGHTUSDT+0.0100%4h0.02367−0.008%$16K$41K10xas long as short
Binance NIGHTUSDT+0.0100%4h0.02367−0.020%$5.1M$6.3M50xas long as short
Bybit NIGHTUSDT+0.0100%4h0.02368+0.022%$1.9M$1.1M50xas long as short
OKX NIGHT-USDT-SWAPshort+0.0100%4h0.02365−0.109%$1.6M$1.8M20x
Gate NIGHT_USDT+0.0100%8h0.02366−0.063%$214K$204K20xas long as short
KuCoin NIGHTUSDTMlong+0.0100%4h0.02367long leg$1.3M$5.4M50x
Bitget NIGHTUSDT+0.0100%4h0.02368+0.022%$637K$432K25xas long as short
SunX NIGHT-USDT+0.0100%4h0.02367−0.020%$1K$1.8M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX NIGHT-USDT+0.0108%4h0.02366−0.063%$6.6Mas long as short
BloFin NIGHT-USDT+0.0145%4h0.02370+0.106%$272K$44K50xas long as short
MEXC NIGHT_USDT+0.0216%4h0.02366−0.063%$758K$456K100xas long as short
Deribit NIGHT_USDC-PERPETUAL+0.0975%1h0.02370+0.094%$97$9910xas long as short
Kraken Futures PF_NIGHTUSD+0.2955%1h0.02354−0.585%$63K$55K25xas long as short