NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.75 per $10,000 · paid last 24h −0.046%

Price spread now: Bitget against MEXC+0.082%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$990.987% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.304%−$30 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.082%, 7d avg +0.047%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.035% dearer against MEXC than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.047%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NIGHT_USDT	0.02434	0.0250	pay 0.0125% / 4h	1h 15m	$809K	$458K	100x
Short	Bitget NIGHTUSDT	0.02436	0.0100	get 0.0050% / 4h	1h 15m	$652K	$399K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$31.5
Price spread: +0.082% → +0.047%: $3.52
Slippage, 4 orders: −$82.71
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$126.69
Costs to cover: 0.987%
Break-even: never at this rate

Slippage from MEXC: live order book, 40 min ago; Bitget: live order book, 44 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 MEXC live order book, 40 min ago	2.07 bp	14.8 bp −$15	88.2 bp −$882	343.3 bp −$34.3K	doesn't fit
Sell Bitget live order book, 44 min ago	6.20 bp	38.2 bp −$38	182.6 bp −$1,826	doesn't fit	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	−10.427%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.041%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02436	+0.086%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02434	+0.004%	$5.4M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02435	+0.041%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02431	−0.127%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02436	+0.082%	$224K	$204K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02438	+0.150%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDTshort	+0.0100%	4h	0.02436	+0.082%	$652K	$399K	25x
SunX NIGHT-USDT	+0.0100%	4h	0.02438	+0.164%	$1K	$1.9M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX NIGHT-USDT	+0.0126%	4h	0.02435	+0.041%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0131%	4h	0.02442	+0.329%	$288K	$42K	50x	as long as short
MEXC NIGHT_USDTlong	+0.0250%	4h	0.02434	long leg	$809K	$458K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.0735%	1h	0.02440	+0.230%	$100	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.5566%	1h	0.02442	+0.348%	$64K	$60K	25x	as long as short