NIGHT funding rates

NIGHT perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
23.2%long Gate, short MEXC · net 18.2%
Highest funding now
25.6%MEXCCEX
Lowest funding now
−16.0%GateCEX
Listed on
6 venues

Funding by venue

7d chartFlagsOpen
MEXCCEXNIGHT_USDT25.6%25.4%25.4%24.0%25.4%98%4h08:000.0489$2.1M$1.3MMxMEXC
AsterNIGHTUSDT10.9%10.9%10.9%−0.4%10.9%100%4h08:000.04893$178k$116kAsAster
BinanceCEXNIGHTUSDT10.9%10.9%10.9%9.4%10.9%100%4h08:000.04884$10.4M$9.2MBnBinance
BybitCEXNIGHTUSDT10.9%10.9%10.8%8.7%10.8%100%4h08:000.04884$3.7M$2.4MByBybit
BitgetCEXNIGHTUSDT10.9%10.9%10.7%10.5%10.7%100%4h08:000.04887$1.8M$433kBgBitget
GateCEXNIGHT_USDT−16.0%−10.7%2.3%4.7%4.4%74%8h08:000.04887$1.1M$711kGtGate

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
GateCEXMEXCCEX41.6%36.2%23.2%19.3%18.2%27.3%3.0dsteady$1.1M8h/4hGtMxcalc
AsterMEXCCEX14.7%14.5%14.5%24.5%11.4%17.0%3.0dsteady$178kAsMxcalc
BinanceCEXMEXCCEX14.7%14.5%14.5%13.3%10.8%16.3%3.5dsteady$2.1MBnMxcalc
BybitCEXMEXCCEX14.7%14.5%14.6%15.4%10.7%16.1%3.7dsteady$2.1MByMxcalc
BitgetCEXMEXCCEX14.7%14.5%14.7%13.5%10.5%15.8%4.0dsteady$1.8MBgMxcalc
GateCEXAster26.9%21.7%8.7%−5.2%2.7%4.0%9.7dspike ×3.3$178k8h/4hGtAscalc
GateCEXBinanceCEX26.9%21.7%8.7%5.6%2.2%3.3%10dspike ×3.3$1.1M8h/4hGtBncalc
GateCEXBybitCEX26.9%21.7%8.5%3.9%1.8%2.6%11dspike ×3.4$1.1M8h/4hGtBycalc
GateCEXBitgetCEX26.9%21.7%8.5%5.7%1.4%2.2%12dspike ×3.5$1.1M8h/4hGtBgcalc
BinanceCEXAster0.0%0.0%0.0%−8.0%−4.7%−7.0%>999dweak$178kBnAscalc
BybitCEXAster0.0%0.0%0.1%−9.1%−4.8%−7.2%472dweak$178kByAscalc
BitgetCEXAster0.0%0.0%0.2%−10.9%−5.0%−7.5%341dweak$178kBgAscalc
BybitCEXBinanceCEX0.0%0.0%0.1%2.3%−5.3%−8.0%522dweak$3.7MByBncalc
BitgetCEXBinanceCEX0.0%0.0%0.2%−1.2%−5.5%−8.3%376dweak$1.8MBgBncalc
BitgetCEXBybitCEX0.0%0.0%0.1%−1.8%−5.9%−8.9%>999dweak$1.8MBgBycalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 04:46 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Bybit at 0.04884, sell on Aster at 0.0489263: 0.177% before fees, −0.013% after taker fees.

NIGHT: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Aster0.0489263MEXC0.0489Bitget0.04887Gate0.04887Binance0.0488436Bybit0.04884
Bybit0.048840.177%0.123%0.061%0.061%0.007%—
Binance0.04884360.169%0.115%0.054%0.054%—−0.007%
Bitget0.048870.115%0.061%—0.000%−0.054%−0.061%
Gate0.048870.115%0.061%0.000%—−0.054%−0.061%
MEXC0.04890.054%—−0.061%−0.061%−0.115%−0.123%
Aster0.0489263—−0.054%−0.115%−0.115%−0.169%−0.177%
All quotes (6)
VenueBidAskQualityAgeVol 24hFlags
Aster0.04892630.0489263mark5m$116kno FX
BinanceCEX0.04884360.0488436mark5m$9.2Mno FX
BitgetCEX0.048870.04887mark5m$433kno FX
BybitCEX0.048840.04884mark5m$2.4Mno FX
GateCEX0.048870.04887mark5m$711kno FX
MEXCCEX0.04890.0489mark5m$1.3Mno FX

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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