NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0075%/8h= −8.3% APRnext payment −$0.38 per $10,000 · paid last 24h −0.045%

Price spread now: BloFin against MEXC−0.085%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1131.127% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.312%−$31 on $10k

Price spread, last 4 days (all we have)+0.565%+$57 · spread now −0.085%, 7d avg +0.027%

Together, before fees+0.253%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.112% cheaper against MEXC than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NIGHT_USDT	0.02365	0.0216	pay 0.0108% / 4h	2h 21m	$904K	$355K	100x
Short	BloFin NIGHT-USDT	0.02363	0.0141	get 0.0070% / 4h	2h 21m	$268K	$40K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$15.84
Price spread: −0.085% → +0.027%: −$11.2
Slippage, 4 orders: −$96.73
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$139.77
Costs to cover: 1.127%
Break-even: never at this rate

Slippage from MEXC: live order book, 26 min ago; BloFin: live order book, 25 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, 26 min ago	4.25 bp	20.4 bp −$20	69.1 bp −$691	327.1 bp −$32.7K	doesn't fit
Sell BloFin live order book, 25 min ago	6.36 bp	37.6 bp −$38	165.8 bp −$1,658	doesn't fit	doesn't fit

NIGHT on 15 exchanges

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	−1.8664%	1h	0.02239	−5.336%	$1K	$74	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.4439%	1h	0.02382	+0.713%	$62K	$51K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+2.960%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02365	+0.016%	$18K	$37K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02366	+0.042%	$5.1M	$4.8M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02367	+0.085%	$1.9M	$862K	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02364	−0.025%	$1.5M	$1.6M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02364	−0.042%	$214K	$176K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02364	−0.025%	$1.3M	$5.4M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02367	+0.085%	$635K	$371K	25x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NIGHT-USDT	+0.0100%	4h	0.02366	+0.042%	$1K	$1.3M	20x	as long as short
BingX NIGHT-USDT	+0.0108%	4h	0.02367	+0.085%	—	$6.6M	—	as long as short
BloFin NIGHT-USDTshort	+0.0141%	4h	0.02363	−0.085%	$268K	$40K	50x
MEXC NIGHT_USDTlong	+0.0216%	4h	0.02365	long leg	$904K	$355K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.0722%	1h	0.02369	+0.156%	$97	$99	10x	as long as short