Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX+0.014%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1331.331% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now +0.014%, 7d avg +0.002%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX NIGHT-USDT-SWAP | 0.02422 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $1.6M | $1.9M | 20x |
| Short | Binance NIGHTUSDT | 0.02422 | 0.0100 | get 0.0050% / 4h | 2h 28m | $5.4M | $6.5M | 50x |
OKX NIGHT-USDT-SWAP
Binance NIGHTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.014% → +0.002%
- $1.26
- Slippage, 4 orders
- −$113.14
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$131.88
- Costs to cover
- 1.331%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 10 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 OKX live order book, 3 min ago | 1.65 bp | 32.5 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 4.14 bp | 29.4 bp −$29 | 166.3 bp −$1,663 | doesn't fit | doesn't fit |
NIGHT on 14 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 | −9.969% | $1K | — | 50x | as long as short |
| Kraken Futures PF_NIGHTUSD | −0.1291% | 1h | 0.02427 | +0.203% | $64K | $60K | 25x | as long as short |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | +0.553% | $1K | $58K | 5.5x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02423 | +0.046% | $27K | $35K | 10x | as long as short |
| Binance NIGHTUSDTshort | +0.0100% | 4h | 0.02422 | +0.014% | $5.4M | $6.5M | 50x | |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02424 | +0.099% | $2.0M | $1.0M | 50x | as long as short |
| OKX NIGHT-USDT-SWAPlong | +0.0100% | 4h | 0.02422 | long leg | $1.6M | $1.9M | 20x | |
| Gate NIGHT_USDT | +0.0100% | 8h | 0.02421 | −0.025% | $223K | $202K | 20x | as long as short |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02426 | +0.173% | $1.4M | $5.2M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02426 | +0.182% | $648K | $405K | 25x | as long as short |
Coinbase International NIGHT-PERP-INTX
Kraken Futures PF_NIGHTUSD
Injective NIGHT/USDC PERP
Aster NIGHTUSDT
Bybit NIGHTUSDT
Gate NIGHT_USDT
KuCoin NIGHTUSDTM
Bitget NIGHTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NIGHT-USDT | +0.0100% | 4h | 0.02422 | +0.017% | $2K | $1.9M | 20x | as long as short |
| BingX NIGHT-USDT | +0.0120% | 4h | 0.02423 | +0.058% | — | $6.6M | — | as long as short |
| MEXC NIGHT_USDT | +0.0238% | 4h | 0.02423 | +0.058% | $852K | $460K | 100x | as long as short |
| Deribit NIGHT_USDC-PERPETUAL | +0.0824% | 1h | 0.02424 | +0.107% | $99 | $99 | 10x | as long as short |
SunX NIGHT-USDT
BingX NIGHT-USDT
MEXC NIGHT_USDT
Deribit NIGHT_USDC-PERPETUAL