NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.75 per $10,000 · paid last 24h −0.046%

Price spread now: SunX against MEXC−0.042%7-day average +0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.284%−$28 on $10k

Price spread, last 4 days (all we have)+0.334%+$33 · spread now −0.042%, 7d avg +0.032%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SunX is 0.074% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NIGHT_USDT	0.02396	0.0250	pay 0.0125% / 4h	2h 36m	$772K	$455K	100x
Short	SunX NIGHT-USDT	0.02395	0.0100	get 0.0050% / 4h	2h 36m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$31.5
Price spread: −0.042% → +0.032%: −$7.42
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$50.92
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; SunX: live order book, 10 min ago. Net counts fees only.

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, 5 min ago	2.09 bp	11.8 bp −$12	64.0 bp −$640	330.5 bp −$33.0K	doesn't fit
Sell SunX live order book, 10 min ago	501.77 bp	doesn't fit	doesn't fit	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	−2.2072%	1h	0.02239	−6.561%	$1K	$74	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+1.628%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDT	+0.0058%	4h	0.02395	−0.042%	$279K	$44K	50x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02397	+0.039%	$23K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02396	−0.020%	$5.2M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02397	+0.042%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02396	−0.013%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02394	−0.083%	$219K	$216K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02395	−0.058%	$1.4M	$5.3M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02397	+0.042%	$649K	$443K	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-USDTshort	+0.0100%	4h	0.02395	−0.042%	$1K	$1.9M	20x
BingX NIGHT-USDT	+0.0126%	4h	0.02396	0.000%	—	$6.6M	—	as long as short
MEXC NIGHT_USDTlong	+0.0250%	4h	0.02396	long leg	$772K	$455K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.0585%	1h	0.02397	+0.063%	$98	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+1.1591%	1h	0.02400	+0.177%	$64K	$61K	25x	as long as short