Funding you earn now, next payment 04:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: tradeXYZ against ApeX Omni+0.177%105s7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$183as 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−$1761.758% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.177%, 7d avg −0.040%
=Together, before fees−0.220%+ Points / potential airdroptradeXYZ: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.217% dearer against ApeX Omni than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | pay 0.0013% / 1h | 33m 42s | $37K | $216K | 50x |
| Short | tradeXYZ xyz:NATGAS | 3.0053 | 0.0117 | get 0.0015% / 1h | 33m 42s | $6.0M | $5.9M | 10x |
ApeX Omni NATGASUSDT
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.6
- Price spread: +0.177% → −0.040%
- $21.71
- Slippage, 4 orders
- −$147.78
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$150.47
- Costs to cover
- 1.758%
- Break-even
- 299.2 days
Slippage from ApeX Omni: live order book, 22 min ago; tradeXYZ: live order book, 5 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, 22 min ago | 33.33 bp | 74.4 bp −$74 | 285.4 bp −$2,854 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.50 bp | 11.3 bp −$11 | 15.4 bp −$154 | 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 | 3.0072 | +0.240% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | +0.133% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0049 | +0.163% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0038 | +0.126% | $110K | $429K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0053 | +0.177% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.167% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0040 | +0.133% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0056 | +0.186% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | +0.150% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDTlong | +0.0100% | 1h | 3.0000 | long leg | $37K | $216K | 50x |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
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 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | +0.200% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0117% | 1h | 3.0053 | +0.177% | $6.0M | $5.9M | 10x | |
| HTX NATGAS-USDT | +0.0216% | 4h | 3.0076 | +0.253% | $105K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0348% | 4h | 3.0041 | +0.137% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0372% | 4h | 3.0040 | +0.133% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0408% | 4h | 3.0043 | +0.143% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0453% / S −0.0393% | 1h | 3.0055 | +0.183% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0458% | 8h | 3.0080 | +0.267% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0490% | 8h | 3.0050 | +0.167% | $855K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0510% | 8h | 3.0050 | +0.167% | $80K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0601% | 4h | 3.0050 | +0.166% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0623% | 4h | 3.0051 | +0.169% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0625% | 4h | 3.0057 | +0.192% | $10.2M | $28.6M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0068 | +0.225% | $54K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1004% | 4h | 3.0030 | +0.100% | $9.9M | $3.3M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT