Funding you earn now, next payment 07:00 UTC+0.0392%/8h= +42.9% APRpaid last 24h +0.098%
Price spread now: Binance against ApeX Omni−0.078%109s7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1191.186% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 4 days (all we have)+0.221%+$22 · spread now −0.078%, 7d avg +0.028%
=Funding pays, the price is against you. Binance is 0.106% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.028%). If the spread goes back, that is −$11 on $10k: about 22 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.154% in total) that is about 4.8 days. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni NATGASUSDT | 3.0100 | 0.0100 | pay 0.0013% / 1h | 59m 45s | $37K | $216K | 50x |
| Short | Binance NATGASUSDT | 3.0077 | 0.0492 | get 0.0246% / 4h | 59m 45s | $10.3M | $28.5M | 100x |
ApeX Omni NATGASUSDT
Binance NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $82.22
- Price spread: −0.078% → +0.028%
- −$10.61
- Slippage, 4 orders
- −$98.58
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$46.96
- Costs to cover
- 1.186%
- Break-even
- 11.0 days
Slippage from ApeX Omni: live order book, 41 min ago; Binance: live order book, 12 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 41 min ago | 16.64 bp | 51.5 bp −$52 | 263.5 bp −$2,635 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.66 bp | 6.7 bp −$7 | 10.8 bp −$108 | 37.1 bp −$3,714 | 130.5 bp −$65.2K |
NATGAS on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8461 | −5.445% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | −0.060% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0060 | −0.133% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0073 | −0.090% | $629K | $487K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0058 | −0.141% | $111K | $283K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0044% | 4h | 3.0089 | −0.037% | $116K | $215K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.100% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0076 | −0.080% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0076 | −0.081% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0072% | 1h | 3.0070 | −0.100% | $6.0M | $5.3M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0061 | −0.130% | $68K | $31K | 10x | as long as short |
| ApeX Omni NATGASUSDTlong | +0.0100% | 1h | 3.0100 | long leg | $37K | $216K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.332% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | −0.100% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0136% | 4h | 3.0055 | −0.150% | $15K | $222K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0184% | 1h | 3.0060 | −0.133% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0204% | 4h | 3.0050 | −0.166% | $1.0M | $898K | 20x | as long as short |
| Aster NATGASUSDT | +0.0248% | 4h | 3.0094 | −0.020% | $265K | $68K | 50x | as long as short |
| Variational Omni NATGAS | +0.0472% | 4h | 3.0060 | −0.134% | $318K | $393K | — | as long as short |
| Binance NATGASUSDTshort | +0.0492% | 4h | 3.0077 | −0.078% | $10.3M | $28.5M | 100x | |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0058 | −0.140% | $85K | $213K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0567% / S −0.0577% | 1h | 3.0075 | −0.083% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0586% | 8h | 3.0100 | 0.000% | $1.5M | $197K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0654% | 8h | 3.0070 | −0.100% | $877K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0661% | 8h | 3.0050 | −0.166% | $83K | $198K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0920% | 4h | 3.0040 | −0.199% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0087 | −0.042% | $56K | $36K | 20x | as long as short |
Pacifica NATGAS
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD