Midnight (NIGHT) Funding Rate History
Midnight (NIGHT) perpetual futures funding ranges from -1.80 bps on OKX to 5.40 bps on KUCOIN across 10 reporting venues, a spread of 7.20 bps. The most extreme rate (59.13% APY annualized) is on KUCOIN. Currently funding signs are mixed: 7 positive, 3 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on NIGHT price.
NIGHT Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | 5.40 bps | 59.13% APY | -0.10 bps | $3.18M |
| BINGX | 2.40 bps | 26.28% APY | 2.40 bps | $6.81M |
| MEXC | 2.40 bps | 26.28% APY | 2.40 bps | $1.36M |
| OKX | -1.80 bps | -19.71% APY | -0.10 bps | $7.86M |
| BINANCE | 1.00 bps | 10.95% APY | 1.00 bps | $11.20M |
| BYBIT | 1.00 bps | 10.95% APY | 0.60 bps | $3.31M |
| PHEMEX | 1.00 bps | 10.95% APY | 0.90 bps | $995.83K |
| ASTER | 1.00 bps | 10.95% APY | 1.00 bps | $26.65K |
| GATEIO | -0.50 bps | -5.47% APY | 0.50 bps | $315.93K |
| BITGET | -0.10 bps | -1.09% APY | 0.90 bps | $642.11K |
Last updated 2026-05-31T19:48:22.889609Z (UTC).
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Related: NIGHT open interest, NIGHT volume, NIGHT perp market data.