Funding you earn now, next payment 09:00 UTC−0.0356%/8h= −38.9% APRpaid last 24h −0.097%
Price spread now: Extended against Binance−0.097%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 4 days (all we have)−0.409%−$41 · spread now −0.097%, 7d avg −0.029%
=Together, before fees−0.544%+ Points / potential airdropExtended: Active · farm board−$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.068% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% 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 | Binance NATGASUSDT | 3.0010 | 0.0388 | pay 0.0194% / 4h | 3h 25m | $10.4M | $29.0M | 100x |
| Short | Extended XNG-USD | 2.9981 | 0.0032 | get 0.0004% / 1h | 25m 29s | $109K | $253K | 5x |
Binance NATGASUSDT
Extended XNG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. 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
- −$74.68
- Price spread: −0.097% → −0.029%
- −$6.77
- Slippage, 4 orders
- −$7.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$104.15
- Costs to cover
- 0.227%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Extended: live order book, 6 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 Binance live order book, 1 min ago | 1.67 bp | 7.5 bp −$7 | 11.2 bp −$112 | 36.0 bp −$3,603 | 135.9 bp −$68.0K |
| Sell Extended live order book, 6 min ago | 1.16 bp | 4.2 bp −$4 | 9.3 bp −$93 | 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 | −0.0080% | 1h | 2.9992 | −0.060% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | 0.0000% | 1h | 3.0010 | 0.000% | $658K | $96K | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8355 | −5.515% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.107% | $2K | $2.3M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9996 | −0.047% | $630K | $483K | 10x | as long as short |
| Extended XNG-USDshort | +0.0032% | 1h | 2.9981 | −0.097% | $109K | $253K | 5x | |
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | −0.067% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9991 | −0.063% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9978 | −0.107% | $84K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0059% | 8h | 3.0026 | +0.053% | $5K | — | 5x | as long as short |
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
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 | 2.9972 | −0.127% | $69K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.033% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.033% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0156% | 4h | 2.9990 | −0.067% | $1.0M | $840K | 20x | as long as short |
| HTX NATGAS-USDT | +0.0186% | 4h | 3.0034 | +0.080% | $118K | $221K | 75x | as long as short |
| Aster NATGASUSDT | +0.0198% | 4h | 3.0029 | +0.064% | $264K | $69K | 50x | as long as short |
| Gate NG_USDT | +0.0204% | 8h | 3.0020 | +0.033% | $1.5M | $193K | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0328% | 4h | 3.0011 | +0.002% | $20K | $213K | 25x | as long as short |
| Variational Omni NATGAS | +0.0368% | 4h | 3.0019 | +0.030% | $342K | $415K | — | as long as short |
| edgeX NATGASUSDC | +0.0386% | 4h | 3.0011 | +0.003% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDTlong | +0.0388% | 4h | 3.0010 | long leg | $10.4M | $29.0M | 100x | |
| OKX NG-USDT-SWAP | +0.0502% | 8h | 3.0000 | −0.033% | $802K | $1.9M | 50x | as long as short |
| BloFin NG-USDT | +0.0525% | 8h | 3.0000 | −0.033% | $76K | $197K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0587% / S −0.0602% | 1h | 3.0025 | +0.050% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0685% | 1h | 3.0008 | −0.008% | $53K | $37K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0860% | 4h | 2.9980 | −0.100% | $9.9M | $3.0M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
HTX NATGAS-USDT
Aster NATGASUSDT
Gate NG_USDT
GRVT NATGAS_USDT_Perp
Variational Omni NATGAS
edgeX NATGASUSDC
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT