Funding you earn now, next payment 04:00 UTC+0.0209%/8h= +22.9% APRnext payment +$1.04 per $10,000 · paid last 24h −0.057%
Price spread now: GRVT against Aster+0.022%110s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as 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−$940.935% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.022%, 7d avg −0.008%
=Together, before fees−0.113%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GRVT is 0.030% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 110 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 -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.04 per $10,000. 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 | Aster NATGASUSDT | 3.0009 | 0.0225 | pay 0.0113% / 4h | 2h 19m | $265K | $73K | 50x |
| Short | GRVT NATGAS_USDT_Perp | 3.0016 | 0.0434 | get 0.0217% / 4h | 2h 19m | $12K | $214K | 25x |
Aster NATGASUSDT
GRVT NATGAS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Aster. 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
- $43.85
- Price spread: +0.022% → −0.008%
- $3
- Slippage, 4 orders
- −$76.51
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$46.65
- Costs to cover
- 0.935%
- Break-even
- 14.4 days
Slippage from Aster: live order book, 47 min ago; GRVT: live order book, 48 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 Aster live order book, 47 min ago | 6.66 bp | 61.8 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 48 min ago | 1.66 bp | 6.2 bp −$6 | 29.4 bp −$294 | doesn't fit | doesn't fit |
NATGAS on 25 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 | 3.0031 | +0.072% | $2K | $2.5M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | +0.002% | $658K | $86K | 20x | as long as short |
| Lighter NATGAS | +0.0040% | 1h | 3.0022 | +0.042% | $618K | $445K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.002% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0005 | −0.015% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0006 | −0.012% | $82K | $27K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0064% | 1h | 3.0006 | −0.012% | $35K | — | 20x | as long as short |
| Paradex NG-USD-PERP | +0.0076% | 8h | 3.0012 | +0.009% | $5K | — | 5x | as long as short |
| Extended XNG-USD | +0.0088% | 1h | 2.9997 | −0.040% | $110K | $449K | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0004 | −0.018% | $68K | $33K | 10x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Hotstuff NATGAS-PERP
Paradex NG-USD-PERP
Extended XNG-USD
Pacifica NATGASShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.032% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.032% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.035% | $1.5M | $95K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0160% | 4h | 3.0010 | +0.002% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDTlong | +0.0225% | 4h | 3.0009 | long leg | $265K | $73K | 50x | |
| HTX NATGAS-USDT | +0.0281% | 4h | 3.0029 | +0.065% | $98K | $212K | 75x | as long as short |
| OKX NG-USDT-SWAP | +0.0360% | 8h | 3.0010 | +0.002% | $859K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0370% | 4h | 3.0009 | 0.000% | $311K | $444K | — | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0421% / S −0.0358% | 1h | 3.0015 | +0.018% | $92K | — | 45x | as long as short |
| edgeX NATGASUSDC | +0.0422% | 4h | 3.0020 | +0.034% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0432% | 4h | 3.0016 | +0.021% | $10.2M | $29.1M | 100x | as long as short |
| GRVT NATGAS_USDT_Perpshort | +0.0434% | 4h | 3.0016 | +0.022% | $12K | $214K | 25x | |
| Gate NG_USDT | +0.0441% | 8h | 3.0040 | +0.102% | $1.5M | $219K | 100x | as long as short |
| Bitget NATGASUSDT | +0.0686% | 4h | 2.9980 | −0.098% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0029 | +0.065% | $53K | $37K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
HTX NATGAS-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
GMX NATGAS/USD [ETH-USDC]
edgeX NATGASUSDC
Binance NATGASUSDT
Gate NG_USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD