Funding you earn now, next payment 12:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.007%
Price spread now: Gate against Binance+0.134%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$530.533% of the position
Funding, last 7 days+0.175%+$17 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now +0.134%, 7d avg +0.049%
=The price spread pays, funding is against you. Gate is 0.084% dearer against Binance than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.049%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 7 days funding on this pair paid +0.175%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 2.9960 | 0.0437 | pay 0.0218% / 4h | 3h 01m | $9.9M | $31.2M | 100x |
| Short | Gate NG_USDT | 3.0000 | 0.0265 | get 0.0265% / 8h | 7h 01m | $1.5M | $200K | 100x |
Binance NATGASUSDT
Gate NG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$36.08
- Price spread: +0.134% → +0.049%
- $8.45
- Slippage, 4 orders
- −$28.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$80.98
- Costs to cover
- 0.533%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Gate: live order book, just now.
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, 10 min ago | 1.67 bp | 6.7 bp −$7 | 9.4 bp −$94 | 34.2 bp −$3,417 | 140.5 bp −$70.2K |
| Sell Gate live order book, just now | 1.67 bp | 15.5 bp −$15 | 72.9 bp −$729 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NATGAS-USD | 0.0000% | 1h | 2.9980 | +0.067% | $658K | $97K | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8341 | −5.404% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9981 | +0.070% | $2K | $2.1M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9972 | +0.040% | $632K | $488K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | +0.100% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9968 | +0.027% | $6.0M | $5.5M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9859 | −0.337% | $84K | $28K | 10x | as long as short |
| Extended XNG-USD | +0.0056% | 1h | 2.9965 | +0.017% | $112K | $259K | 5x | as long as short |
| Paradex NG-USD-PERP | +0.0080% | 8h | 2.9985 | +0.085% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9970 | +0.033% | $69K | $30K | 10x | as long as short |
QFEX NATGAS-USD
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Extended XNG-USD
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.200% | $36K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 2.9900 | −0.200% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9970 | +0.033% | $1.5M | $91K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0180% | 4h | 2.9982 | +0.073% | $118K | $222K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.0216% | 1h | 2.9992 | +0.107% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0240% | 4h | 2.9970 | +0.033% | $1.1M | $854K | 20x | as long as short |
| Aster NATGASUSDT | +0.0245% | 4h | 2.9953 | −0.023% | $264K | $68K | 50x | as long as short |
| Gate NG_USDTshort | +0.0265% | 8h | 3.0000 | +0.134% | $1.5M | $200K | 100x | |
| GRVT NATGAS_USDT_Perp | +0.0374% | 4h | 2.9915 | −0.152% | $20K | $205K | 25x | as long as short |
| Variational Omni NATGAS | +0.0430% | 4h | 2.9890 | −0.233% | $354K | $429K | — | as long as short |
| Binance NATGASUSDTlong | +0.0437% | 4h | 2.9960 | long leg | $9.9M | $31.2M | 100x | |
| edgeX NATGASUSDC | +0.0457% | 4h | 2.9890 | −0.235% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDT | +0.0487% | 8h | 2.9970 | +0.033% | $76K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0505% | 8h | 2.9970 | +0.033% | $815K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0586% / S −0.0602% | 1h | 2.9965 | +0.017% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0685% | 1h | 2.9969 | +0.029% | $51K | $43K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0878% | 4h | 2.9940 | −0.067% | $9.9M | $3.0M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
Variational Omni NATGAS
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT