Funding you earn now, next payment 04:00 UTC+0.0311%/8h= +34.0% APRnext payment +$1.55 per $10,000 · paid last 24h −0.099%
Price spread now: GRVT against Binance−0.037%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 2 days (all we have)+0.008%+$1 · spread now −0.037%, 7d avg +0.024%
=Together, before fees−0.210%+ Points / potential airdropGRVT: Active · farm board−$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.061% cheaper against Binance than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.024%). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.219%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 2.9980 | 0.0173 | pay 0.0087% / 4h | 3h 52m | $10.1M | $29.7M | 100x |
| Short | GRVT NATGAS_USDT_Perp | 2.9969 | 0.0484 | get 0.0242% / 4h | 3h 52m | $25K | $241K | 25x |
Binance NATGASUSDT
GRVT NATGAS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $65.21
- Price spread: −0.037% → +0.024%
- −$6.08
- Slippage, 4 orders
- −$12.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $27.45
- Costs to cover
- 0.317%
- Break-even
- 4.1 days
Slippage from Binance: live order book, 3 min ago; GRVT: live order book, 19 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, 3 min ago | 1.67 bp | 6.7 bp −$7 | 11.5 bp −$115 | 38.5 bp −$3,853 | 133.3 bp −$66.7K |
| Sell GRVT live order book, 19 min ago | 1.67 bp | 6.2 bp −$6 | 23.6 bp −$236 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8339 | −5.474% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0002 | +0.073% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0015% | 1h | 2.9970 | −0.033% | $658K | $86K | 20x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9966 | −0.045% | $110K | $453K | 5x | as long as short |
| Aster NATGASUSDT | +0.0033% | 4h | 2.9960 | −0.067% | $265K | $73K | 50x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9970 | −0.033% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9972 | −0.027% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9993 | +0.043% | $84K | $42K | 10x | as long as short |
| Lighter NATGAS | +0.0056% | 1h | 2.9995 | +0.050% | $617K | $412K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0060% | 8h | 2.9990 | +0.032% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Aster NATGASUSDT
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Lighter NATGAS
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NATGAS | +0.0061% | 4h | 2.9971 | −0.030% | $311K | $443K | — | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9975 | −0.017% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9970 | −0.033% | $1.0M | $1.2M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.267% | $36K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.067% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9980 | 0.000% | $1.5M | $95K | 10x | as long as short |
| BloFin NG-USDT | +0.0127% | 8h | 2.9970 | −0.033% | $80K | $189K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0128% | 1h | 2.9975 | −0.017% | $35K | — | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0142% | 8h | 2.9970 | −0.033% | $857K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0169% | 4h | 2.9971 | −0.030% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDTlong | +0.0173% | 4h | 2.9980 | long leg | $10.1M | $29.7M | 100x | |
| Bitget NATGASUSDT | +0.0196% | 4h | 2.9950 | −0.100% | $10.0M | $3.5M | 100x | as long as short |
| HTX NATGAS-USDT | +0.0247% | 4h | 3.0000 | +0.067% | $98K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0259% | 8h | 2.9990 | +0.033% | $1.5M | $254K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0406% / S −0.0333% | 1h | 2.9985 | +0.017% | $93K | — | 45x | as long as short |
| GRVT NATGAS_USDT_Perpshort | +0.0484% | 4h | 2.9969 | −0.037% | $25K | $241K | 25x | |
| Kraken Futures PF_NATGASUSD | +0.1002% | 1h | 2.9991 | +0.036% | $52K | $39K | 20x | as long as short |
Variational Omni NATGAS
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
BloFin NG-USDT
Hotstuff NATGAS-PERP
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Bitget NATGASUSDT
HTX NATGAS-USDT
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD