NIGHT Funding Rate (Midnight)
Compare Midnight perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute
Midnight current price: $0.02388
NIGHT Funding Rate by Exchange
Next settlement --:--:--| # | Exchange | Funding Rate | APR | Settlement Interval | Next Settlement | Open Interest |
|---|---|---|---|---|---|---|
| 1 | Binance | +0.0050% | +10.95% | 4h | 04:00 UTC | $6.7M |
| 2 | KuCoin | -0.0126% | -27.59% | 4h | 04:00 UTC | $2.8M |
| 3 | Bybit | +0.0050% | +10.95% | 4h | 04:00 UTC | $2.3M |
| 4 | WhiteBIT | +0.0050% | +10.95% | 4h | 04:00 UTC | $1.7M |
| 5 | Bitget | +0.0050% | +10.95% | 4h | — | $1.0M |
| 6 | MEXC | +0.0113% | — | — | — | $0.7M |
| 7 | Gate | +0.0100% | +10.95% | 8h | 08:00 UTC | $0.3M |
| 8 | Krakenhighest | -0.0150% | — | — | — | $0.1M |
| 9 | Aster | -0.0002% | -2.07% | 1h | 01:00 UTC | $0.0M |
| 10 | Coinbase | -0.0100% | -87.60% | 1h | — | $0.0M |
| 11 | CoinEx | -0.0093% | -10.21% | 8h | 16:00 UTC | $0.0M |
| 12 | BingX | +0.0057% | — | — | 04:00 UTC | — |
| 13 | Bitunix | +0.0022% | +4.72% | 4h | 04:00 UTC | — |
| 14 | LBank | +0.0050% | — | — | 04:00 UTC | — |
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0005%
OI-Weighted Rate
+0.0021%
Volume-Weighted Rate
+0.0042%
NIGHT Funding Rate History
NIGHT Cumulative Funding Cost
Cumulative settled funding rate by exchange over each window — positive means longs paid shorts (cost of holding a long), negative means shorts paid longs.
| Exchange | 1D | 7D | 30D | 90D |
|---|---|---|---|---|
| Binance | -0.0183% | +0.1279% | +0.4712% | +0.4712% |
| OKX | -0.1366% | -0.1195% | -0.1195% | -0.1195% |
| Gate | -0.1023% | -0.0941% | -0.0941% | -0.0941% |
| Bybit | +0.0012% | +0.0362% | +0.0362% | +0.0362% |
| Bitget | +0.0141% | +0.0320% | +0.0320% | +0.0320% |
About Midnight Funding Rate
What is the NIGHT funding rate?
The NIGHT funding rate is a periodic payment between long and short traders on Midnight perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged NIGHT perpetual position.
What does a positive or negative NIGHT funding rate mean?
A persistently positive NIGHT funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.
What is the current NIGHT funding rate?
As of now, the NIGHT funding rate averages 0.0005% across 14 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.
Which exchange has the highest NIGHT funding rate?
Right now kraken shows the highest (or most extreme) NIGHT funding rate among tracked exchanges, at -0.0150%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.
More Coin Funding Rates
View full funding rate matrix ›BTCETHSOLXRPBNBDOGEHYPEZECOKBSKLADALINKAVAXXLMBCHUNIAAVESUINEARARBENAWLDBLURYFIHOTKAITOTRXXMRCCGRAMLTCHBARXAUTTAOWLFIPAXGASTERDEXEONDODOTSKYMORPHOICPETCPIJSTBEATPOLATOMRENDER
View full funding rate matrix › (+238)
KASALGOJUPLITFILPUMPAPTVVVAEROINJCAKEDASHVIRTUALVETPENGUPYTHTRUMPETHFITIAFETSPXSEIZROCRVJTOKITEMONPENDLEXTZLDOGRASSXPLCFXOPJASMYSYRUPSTRKGRTUBIOTACHZVELVETAXSFFEIGENENSCOMPAPEWIFFARTCOINTHETAMANAHRUNERIFSANDSNXARAWEAGWEIGENIUSIMXDYDXZKGALASENT1INCHALLOUAIBILLATHUSELESSEGLDMETQSAFELPTRSRBANANAS31ARCZENARKMZAMAORDIRIVERSYNRAVEBASCHIPRVNPLUMEKSMIOWBIOHOMEBERALINEASOONTURBOCOAIENJMEGAHOLOBABYAPRREDDUSKMOVEGPSROSEPOPCATTRBPNUTBARD0GALTCELOMOODENGESPJCTNOTNESRPLARXMEZEREBROSKYAIMEMEATSAHARAFOGOVANABSBZESTPRLROBOBOMEPEOPLEIRYSMANTAGIGGLECLOSTGMERLIOTXOPGTRIABASEDCOLLECTHYPERFRAXBLUAIMETISDOGSAIXBTTACSAPIENBREVBIRBPIPPINEDENMOVRTAIKOINSPELLWETUSUALENSOXAISCRTMIRAAGLDBANANACTRHMSTRALICEEPICKATOGNLAHEIGUNRARERESOLVTSTMAVTUTTRUSTBELTHEFIGHTZILAXLFLUIDASTRCFGSTABLEKMNOBRETTMINAPIEVERSENEOSUNANKRCHRELSAUMAC98PORTALTREESTARTRADOORCYBEREDUCORE4OGBANDMASKZKCICNTSUSHIARKGMTSIGNFIDADRIFTPOWRPHASTONILZORAINX龙虾币安人生我踏马来了