Funding you earn now, next payment 04:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h −0.085%
Price spread now: Orderly against Binance−0.116%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Orderly is 0.116% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 3.0035 | 0.0353 | pay 0.0177% / 4h | 2h 40m | $10.1M | $29.1M | 100x |
| Short | Orderly PERP_NATGAS_USDC_mythos | 3.0000 | 0.0100 | get 0.0100% / 8h | 6h 40m | $3K | $544 | 10x |
Binance NATGASUSDT
Orderly PERP_NATGAS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$53.14
- Price spread: −0.116% → 0.000%
- −$11.62
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$80.76
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 15 min ago; Orderly: no order-book sample. Net counts fees only.
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, 15 min ago | 1.67 bp | 6.7 bp −$7 | 9.2 bp −$92 | 34.2 bp −$3,416 | 128.5 bp −$64.3K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NATGAS on 26 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 | 3.0052 | +0.057% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0030 | −0.016% | $659K | $86K | 20x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0017 | −0.060% | $110K | $450K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.016% | — | $378 | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 3.0024 | −0.036% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0024 | −0.036% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0022 | −0.043% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0058% | 8h | 3.0038 | +0.010% | $5K | — | 5x | as long as short |
| Lighter NATGAS | +0.0096% | 1h | 3.0039 | +0.014% | $618K | $444K | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0029 | −0.019% | $68K | $33K | 10x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Lighter NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0020 | −0.050% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.116% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythosshort | +0.0100% | 8h | 3.0000 | −0.116% | $3K | $544 | 10x | |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | −0.016% | $1.5M | $94K | 10x | as long as short |
| Aster NATGASUSDT | +0.0159% | 4h | 3.0030 | −0.016% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0253% | 4h | 3.0049 | +0.047% | $98K | $212K | 75x | as long as short |
| Variational Omni NATGAS | +0.0284% | 4h | 3.0030 | −0.015% | $312K | $443K | — | as long as short |
| BloFin NG-USDT | +0.0307% | 8h | 2.9980 | −0.183% | $81K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0317% | 8h | 3.0030 | −0.016% | $868K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0349% | 4h | 3.0030 | −0.016% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDTlong | +0.0353% | 4h | 3.0035 | long leg | $10.1M | $29.1M | 100x | |
| GRVT NATGAS_USDT_Perp | +0.0390% | 4h | 3.0022 | −0.042% | $12K | $214K | 25x | as long as short |
| Gate NG_USDT | +0.0400% | 8h | 3.0060 | +0.084% | $1.5M | $218K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0419% / S −0.0355% | 1h | 3.0035 | 0.000% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0566% | 4h | 3.0010 | −0.083% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0057 | +0.073% | $54K | $37K | 20x | as long as short |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
BloFin NG-USDT
OKX NG-USDT-SWAP
edgeX NATGASUSDC
GRVT NATGAS_USDT_Perp
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD