NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.58 per $10,000 · paid last 24h −0.044%

Price spread now: KuCoin against MEXC+0.056%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2722.718% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.463%−$46 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.056%, 7d avg +0.097%

Together, before fees−0.569%−$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.041% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NIGHT_USDT	0.02372	0.0216	pay 0.0108% / 4h	2h 58m	$772K	$334K	100x
Short	KuCoin NIGHTUSDTM	0.02373	0.0100	get 0.0050% / 4h	2h 58m	$1.3M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$24.36
Price spread: +0.056% → +0.097%: −$4.06
Slippage, 4 orders: −$255.82
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$300.24
Costs to cover: 2.718%
Break-even: never at this rate

Slippage from MEXC: live order book, 22 min ago; KuCoin: live order book, 9 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, 22 min ago	4.22 bp	18.2 bp −$18	74.7 bp −$747	307.9 bp −$30.8K	doesn't fit
Sell KuCoin live order book, 9 min ago	12.53 bp	137.0 bp −$137	528.7 bp −$5,287	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	−1.8664%	1h	0.02239	−5.616%	$1K	$74	50x	as long as short
Kraken Futures PF_NIGHTUSD	−0.4485%	1h	0.02357	−0.618%	$62K	$52K	25x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+2.656%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02373	+0.058%	$18K	$37K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02372	−0.020%	$5.1M	$5.2M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02373	+0.042%	$1.9M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02371	−0.030%	$1.5M	$1.7M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02373	+0.042%	$216K	$174K	20x	as long as short
KuCoin NIGHTUSDTMshort	+0.0100%	4h	0.02373	+0.056%	$1.3M	$5.4M	50x
Bitget NIGHTUSDT	+0.0100%	4h	0.02373	+0.042%	$637K	$405K	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	0.02374	+0.084%	$2K	$1.4M	20x	as long as short
BingX NIGHT-USDT	+0.0108%	4h	0.02372	0.000%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0146%	4h	0.02383	+0.464%	$269K	$40K	50x	as long as short
MEXC NIGHT_USDTlong	+0.0216%	4h	0.02372	long leg	$772K	$334K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.0634%	1h	0.02376	+0.185%	$97	$99	10x	as long as short