NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.24 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against OKX+0.112%83s7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1651.647% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.443%+$44 · spread now +0.112%, 7d avg +0.066%

Together, before fees+0.479%+$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.046% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.066%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NIGHT-USDT-SWAP	0.02412	0.0100	pay 0.0050% / 4h	25m 52s	$1.6M	$1.9M	20x
Short	BloFin NIGHT-USDT	0.02415	0.0147	get 0.0074% / 4h	25m 52s	$284K	$42K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.112%Rate

Funding earned: $9.87
Price spread: +0.112% → +0.066%: $4.61
Slippage, 4 orders: −$142.66
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$150.18
Costs to cover: 1.647%
Break-even: 113.5 days

Slippage from OKX: live order book, 1 min ago; BloFin: 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 OKX live order book, 1 min ago	7.06 bp	34.0 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	14.57 bp	45.2 bp −$45	210.8 bp −$2,108	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	−9.622%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.941%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02413	+0.015%	$27K	$35K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02412	−0.006%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02412	−0.012%	$2.0M	$1.0M	50x	as long as short
OKX NIGHT-USDT-SWAPlong	+0.0100%	4h	0.02412	long leg	$1.6M	$1.9M	20x
Gate NIGHT_USDT	+0.0100%	8h	0.02410	−0.095%	$221K	$199K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02413	+0.047%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02413	+0.029%	$645K	$393K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02412	−0.012%	$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	0.02412	−0.012%	—	$6.6M	—	as long as short
BloFin NIGHT-USDTshort	+0.0147%	4h	0.02415	+0.112%	$284K	$42K	50x
MEXC NIGHT_USDT	+0.0250%	4h	0.02412	−0.012%	$780K	$460K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0289%	1h	0.02412	−0.008%	$99	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+1.8861%	1h	0.02436	+0.987%	$65K	$61K	25x	as long as short