Midnight (NIGHT) Funding Rate History
Midnight (NIGHT) perpetual futures funding ranges from -1.80 bps on COINBASE INTL to 2.50 bps on MEXC across 11 reporting venues, a spread of 4.30 bps. The most extreme rate (27.38% APY annualized) is on MEXC. Currently funding signs are mixed: 9 positive, 2 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 |
|---|---|---|---|---|
| MEXC | 2.50 bps | 27.38% APY | 2.40 bps | $311.97K |
| COINBASE INTL | -1.80 bps | -19.71% APY | -1.10 bps | $35.27K |
| OKX | -1.60 bps | -17.52% APY | 0.20 bps | $1.48M |
| BINGX | 1.30 bps | 14.23% APY | 1.20 bps | $6.57M |
| BINANCE | 1.00 bps | 10.95% APY | 1.00 bps | $2.55M |
| KUCOIN | 1.00 bps | 10.95% APY | 0.70 bps | $2.48M |
| BYBIT | 1.00 bps | 10.95% APY | 1.00 bps | $428.34K |
| BITGET | 1.00 bps | 10.95% APY | 1.00 bps | $181.35K |
| ASTER | 1.00 bps | 10.95% APY | 0.40 bps | $1.49K |
| PHEMEX | 0.60 bps | 6.57% APY | -0.90 bps | $227.82K |
| GATEIO | 0.40 bps | 4.38% APY | -0.90 bps | $258.78K |
Last updated 2026-07-16T05:51:25Z (UTC).
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Related: NIGHT open interest, NIGHT volume, NIGHT perp market data.