Funding you earn now, next payment 05:00 UTC+0.0490%/8h= +53.7% APRpaid last 24h +0.061%
Price spread now: OKX against ApeX Omni−0.233%70s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as 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−$1311.310% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.233%, 7d avg −0.036%
=Funding pays, the price is against you. OKX is 0.196% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.233% now, against its 7-day average of −0.036%). If the spread goes back, that is −$20 on $10k: about 32 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.229% in total) that is about 6.0 days. The two prices were read 70 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 0.229% in total (about 11.9% 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 | 18m 13s | $37K | $218K | 50x |
| Short | OKX NG-USDT-SWAP | 3.0030 | 0.0590 | get 0.0590% / 8h | 3h 18m | $866K | $1.7M | 50x |
ApeX Omni NATGASUSDT
OKX NG-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $102.9
- Price spread: −0.233% → −0.036%
- −$19.65
- Slippage, 4 orders
- −$111.03
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$47.78
- Costs to cover
- 1.310%
- Break-even
- 10.3 days
Slippage from ApeX Omni: live order book, 33 min ago; OKX: live order book, 4 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, 33 min ago | 16.64 bp | 59.9 bp −$60 | 271.8 bp −$2,718 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.66 bp | 9.7 bp −$10 | 19.2 bp −$192 | doesn't fit | doesn't fit |
NATGAS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | −0.126% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0030 | −0.233% | $669K | $96K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0016 | −0.279% | $35K | — | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0031 | −0.229% | $628K | $502K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.233% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0047 | −0.176% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0077% | 8h | 3.0066 | −0.114% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0089% | 1h | 3.0030 | −0.233% | $6.0M | $5.6M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0021 | −0.262% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDTlong | +0.0100% | 1h | 3.0100 | long leg | $37K | $218K | 50x |
SunX NATGAS-USDT
QFEX NATGAS-USD
Hotstuff NATGAS-PERP
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.332% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0040 | −0.199% | $1.5M | $93K | 10x | as long as short |
| Extended XNG-USD | +0.0168% | 1h | 3.0022 | −0.259% | $110K | $365K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0364% | 4h | 3.0020 | −0.266% | $1.0M | $990K | 20x | as long as short |
| Aster NATGASUSDT | +0.0409% | 4h | 3.0056 | −0.145% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0460% | 4h | 3.0020 | −0.266% | $13K | $223K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0485% / S −0.0428% | 1h | 3.0045 | −0.183% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0532% | 4h | 3.0061 | −0.130% | $107K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0549% | 8h | 3.0070 | −0.100% | $1.5M | $193K | 100x | as long as short |
| OKX NG-USDT-SWAPshort | +0.0590% | 8h | 3.0030 | −0.233% | $866K | $1.7M | 50x | |
| BloFin NG-USDT | +0.0600% | 8h | 3.0020 | −0.266% | $81K | $194K | 20x | as long as short |
| Variational Omni NATGAS | +0.0612% | 4h | 3.0030 | −0.233% | $317K | $439K | — | as long as short |
| edgeX NATGASUSDC | +0.0639% | 4h | 3.0030 | −0.233% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0640% | 4h | 3.0046 | −0.179% | $10.3M | $28.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0054 | −0.154% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1010% | 4h | 3.0010 | −0.299% | $9.9M | $3.2M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
HTX NATGAS-USDT
Gate NG_USDT
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT