NIGHT funding rates and arbitrage

NIGHT perpetuals trade on 15 contracts across 14 venues, forming 104 cross-venue arbitrage pairs. By net APR the current best pair is long Kraken against short Coinbase, netting +339.29%, with both legs settling on the same cadence。

NIGHT perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
KuCoin	NIGHTUSDTM	USDT	4h	-0.0016%	-3.50%	-2.37%	$8.1M	0.03995
BingX	NIGHT-USDT	USDT	4h	0.0050%	+10.95%	+12.49%	$6.6M	0.03995
Binance	NIGHTUSDT	USDT	4h	0.0050%	+10.95%	+10.72%	$6.6M	0.03993
OKX	NIGHT-USDT-SWAP	USDT	4h	0.0050%	+10.95%	+9.63%	$4.9M	0.03996
LBank	NIGHTUSDT	USDT	4h	0.0050%	+10.95%	+10.73%	$3.9M	0.03993
WhiteBIT	NIGHT_PERP	USDT	4h	0.0050%	+10.95%	+10.95%	$2.5M	0.03989
Bybit	NIGHTUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$1.4M	0.03996
MEXC	NIGHT_USDT	USDT	4h	-0.0020%	-4.38%	+13.53%	$756K	0.03992
Gate	NIGHT_USDT	USDT	8h	-0.0324%	-35.48%	-4.41%	$325K	0.03996
Bitget	NIGHTUSDT	USDT	4h	0.0050%	+10.95%	+10.92%	$194K	0.03999
Kraken	PF_NIGHTUSD	USD	1h	-0.0060%	-52.83%	-63.13%	$184K	0.03997
Deribit	NIGHT_USDC-PERPETUAL	USDC	8h	0.0070%	+7.69%	-0.62%	$145K	0.03998
Aster	NIGHTUSDT	USDT	4h	0.0050%	+10.95%	+10.38%	$34K	0.03996
Bybit	NIGHTPERP	USDC	4h	0.0050%	+10.95%	+10.95%	$10K	0.03996
Coinbase	NIGHT-PERP	USDC	1h	0.0327%	+286.45%	+286.45%	$0	0.04177

NIGHT cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Kraken USD	Coinbase USDC	+339.29%	0.9295%	+349.58%	1h matched	$0
Gate USDT	Coinbase USDC	+321.93%	0.8820%	+290.87%	8h / 1h	$0
MEXC USDT	Coinbase USDC	+290.83%	0.7968%	+272.92%	4h / 1h	$0
KuCoin USDT	Coinbase USDC	+289.96%	0.7944%	+288.82%	4h / 1h	$0
Deribit USDC	Coinbase USDC	+278.76%	0.7637%	+287.07%	8h / 1h	$0
Aster USDT	Coinbase USDC	+275.50%	0.7548%	+276.07%	4h / 1h	$0
Binance USDT	Coinbase USDC	+275.50%	0.7548%	+275.73%	4h / 1h	$0
BingX USDT	Coinbase USDC	+275.50%	0.7548%	+273.96%	4h / 1h	$0
Bitget USDT	Coinbase USDC	+275.50%	0.7548%	+275.53%	4h / 1h	$0
Bybit USDC	Coinbase USDC	+275.50%	0.7548%	+275.50%	4h / 1h	$0
Bybit USDT	Coinbase USDC	+275.50%	0.7548%	+275.50%	4h / 1h	$0
LBank USDT	Coinbase USDC	+275.50%	0.7548%	+275.72%	4h / 1h	$0

Midnight project profile

Website X (Twitter)Telegram

Key facts

Total: 24.00B
Max supply: 24.00B
Type: Token
Market cap rank: #92

Polygon EcosystemMemeParody Meme

Contract addresses

polygon0xd33fd95fc17bc808b35e98458e078330f35dbfa3

Block explorers

polygonscan.com intel.arkm.com

About

Meet Midnight, the CEO's best friend. This isn't your average German Shepherd, instead of herding sheep, Midnight is in charge of leading the Memecoin run on Polygon. He got a bite when it comes to crypto. When he's not stealing hearts (and maybe a sock or two for a strategic treat exchange), Midnight's busy attending team meetings. His investment portfolio? Diversified, of course! But his biggest love? $MATIC (gotta support the fam!).

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

PEOPLE+128.4%PROVE+28.3%QNT+114.4%QQQ+14.0%ROBO+35.9%SNX+82.3%STX+28.3%SYRUP+42.6%TRB+60.6%TURBO+78.8%VVV+393.6%XAUT+11.7%

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