NIGHT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.046%

Price spread now: MEXC against OKX+0.029%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$810.807% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.346%+$35 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.029%, 7d avg +0.034%

Together, before fees+0.285%+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NIGHT-USDT-SWAP	0.02379	0.0100	pay 0.0050% / 4h	1h 06m	$1.6M	$2.0M	20x
Short	MEXC NIGHT_USDT	0.02380	0.0216	get 0.0108% / 4h	1h 06m	$761K	$455K	100x

Funding history

latest

Range statsloading…

MEXC against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee OKXbpFee MEXCbpOrdersPrice spread, now +0.029%Rate

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 29 min ago.

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, 5 min ago	5.88 bp	25.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 29 min ago	2.10 bp	14.7 bp −$15	58.9 bp −$589	305.2 bp −$30.5K	doesn't fit

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	−2.1536%	1h	0.02239	−5.905%	$1K	$74	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+2.341%	$1K	$58K	5.5x	as long as short
Aster NIGHTUSDT	+0.0100%	4h	0.02382	+0.101%	$16K	$42K	10x	as long as short
Binance NIGHTUSDT	+0.0100%	4h	0.02380	+0.042%	$5.2M	$6.6M	50x	as long as short
Bybit NIGHTUSDT	+0.0100%	4h	0.02382	+0.113%	$1.9M	$1.1M	50x	as long as short
OKX NIGHT-USDT-SWAPlong	+0.0100%	4h	0.02379	long leg	$1.6M	$2.0M	20x
Gate NIGHT_USDT	+0.0100%	8h	0.02379	−0.013%	$216K	$220K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02381	+0.087%	$1.3M	$5.4M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02381	+0.071%	$641K	$451K	25x	as long as short
SunX NIGHT-USDT	+0.0100%	4h	0.02377	−0.097%	$2K	$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	+0.0108%	4h	0.02380	+0.029%	—	$6.6M	—	as long as short
BloFin NIGHT-USDT	+0.0109%	4h	0.02382	+0.113%	$272K	$43K	50x	as long as short
MEXC NIGHT_USDTshort	+0.0216%	4h	0.02380	+0.029%	$761K	$455K	100x
Deribit NIGHT_USDC-PERPETUAL	+0.0590%	1h	0.02382	+0.101%	$98	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.5928%	1h	0.02354	−1.054%	$63K	$62K	25x	as long as short