Funding you earn now, next payment 12:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.047%
Price spread now: Phemex against Aster0.000%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1161.162% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now 0.000%, 7d avg −0.017%
=Together, before fees+0.014%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster NATGASUSDT | 3.0030 | 0.0181 | pay 0.0091% / 4h | 3h 28m | $264K | $69K | 50x |
| Short | Phemex NGUSDT | 3.0030 | 0.0100 | get 0.0050% / 4h | 3h 28m | $1.5M | $90K | 10x |
Aster NATGASUSDT
Phemex NGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$17.06
- Price spread: 0.000% → −0.017%
- $1.69
- Slippage, 4 orders
- −$96.23
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$131.59
- Costs to cover
- 1.162%
- Break-even
- never at this rate
Slippage from Aster: live order book, 3 min ago; Phemex: 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 Aster live order book, 3 min ago | 4.99 bp | 39.6 bp −$40 | 228.0 bp −$2,280 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.66 bp | 29.1 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0144% | 1h | 3.0013 | −0.057% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | 0.0000% | 1h | 3.0010 | −0.067% | $658K | $96K | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8375 | −5.511% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0041 | +0.037% | $2K | $2.3M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0014 | −0.053% | $631K | $483K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0005 | −0.083% | $109K | $253K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.067% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0009 | −0.070% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9978 | −0.173% | $82K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0050% | 8h | 3.0016 | −0.045% | $5K | — | 5x | as long as short |
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9990 | −0.133% | $69K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.100% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.100% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTshort | +0.0100% | 4h | 3.0030 | 0.000% | $1.5M | $90K | 10x | |
| KuCoin NATGASUSDTM | +0.0150% | 4h | 3.0010 | −0.067% | $1.1M | $843K | 20x | as long as short |
| HTX NATGAS-USDT | +0.0167% | 4h | 3.0037 | +0.023% | $118K | $221K | 75x | as long as short |
| Aster NATGASUSDTlong | +0.0181% | 4h | 3.0030 | long leg | $264K | $69K | 50x | |
| Gate NG_USDT | +0.0246% | 8h | 3.0040 | +0.033% | $1.5M | $193K | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0248% | 4h | 3.0010 | −0.067% | $20K | $221K | 25x | as long as short |
| Variational Omni NATGAS | +0.0346% | 4h | 3.0030 | 0.000% | $318K | $391K | — | as long as short |
| edgeX NATGASUSDC | +0.0372% | 4h | 3.0028 | −0.006% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0377% | 4h | 3.0026 | −0.012% | $10.4M | $29.0M | 100x | as long as short |
| BloFin NG-USDT | +0.0477% | 8h | 3.0000 | −0.100% | $76K | $197K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0501% | 8h | 3.0020 | −0.033% | $802K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0587% / S −0.0602% | 1h | 3.0025 | −0.017% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0685% | 1h | 3.0007 | −0.078% | $53K | $37K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0850% | 4h | 3.0000 | −0.100% | $9.9M | $3.0M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
KuCoin NATGASUSDTM
HTX NATGAS-USDT
Gate NG_USDT
GRVT NATGAS_USDT_Perp
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT