NIGHT Funding Rate — live across 8 venues

Compared across 8 supported venues · net of estimated fees · updated every few minutes

Live annualized NIGHT perpetual funding across all 8 venues Perpia tracks. Right now NIGHT funding is positive on 8 and negative on 0, ranging from +28.7% on MEXC to +10.9% on Bitget — a spread of 17.7%. The widest delta-neutral trade is long Binance / short MEXC at 14.7% net APR.

venues

paying positive

17.7%

funding spread

Best NIGHT spread now

14.7%

net APR after fees

Long Binance→Short MEXC

size depends on live venue depth — see the real cap in the scanner

NIGHT funding trend & liquidity

169h of history

17.7%

current gross APR

14.9%

24h average

15.5%

7-day average

$585K

pair OI · lower leg

$335K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

NIGHT funding rate history

30d · 6h buckets · 8 venues

53.0%0-70.3%

3 Aug2 Sep

NIGHT — average across 8 venuesAsterBinanceBitgetKuCoin

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +8.3%. A break in a line means no data was recorded for that stretch, not a zero rate.

NIGHT funding rate by venue

7 pairs scanned

Venue	Funding APR	Interval
MEXC ↗	+28.7%	4h
BingX ↗	+14.5%	4h
Binance ↗	+10.9%	4h
OKX ↗	+10.9%	4h
Gate.io ↗	+10.9%	8h
Bybit ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Bitget ↗	+10.9%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Binance vs MEXC page.

NIGHT arbitrage — 30-day backtest

long Binance · short MEXC

14.9%

backtested APR

+$122

historical net P&L on $10,000

0.00%

max drawdown

$10,000$10,122

30 days agostarting capital $10,000today

Over the last 30 days, holding long Binance / short MEXC would have produced 14.9% APR — versus the 14.7% the live spread implies right now (equity $10,000 → $10,122). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading NIGHT backtest…

NIGHT funding — FAQ

Is NIGHT funding positive right now?

NIGHT perpetual funding is positive on 8 of 8 venues Perpia tracks. The highest is +28.7% on MEXC; the lowest is +10.9% on Bitget.

What is the best NIGHT funding arbitrage right now?

Go long Binance and short MEXC for about 14.7% net APR after fees — the widest delta-neutral NIGHT spread Perpia currently sees.

Which exchange has the highest NIGHT funding rate?

MEXC, at +28.7% annualized. Funding shifts continuously, so check the live table above before trading.

How NIGHT funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to NIGHT

Markets also quoted on both Binance and MEXC — the same two exchanges you would already have funded for the NIGHT trade.

See every spread between them on the Binance vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this