NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0442%/8h= −48.4% APRnext payment −$2.21 per $10,000 · paid last 24h −0.115%

Price spread now: Binance against Bitget+0.100%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.822%−$82 on $10k

Price spread, last 7 days−0.100%−$10 · spread now +0.100%, 7d avg +0.050%

Together, before fees−0.922%−$92 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.050% dearer against Bitget than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.050%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NATGASUSDT	3.0000	0.0882	pay 0.0441% / 4h	39m 57s	$9.9M	$3.0M	100x
Short	Binance NATGASUSDT	3.0030	0.0440	get 0.0220% / 4h	39m 57s	$10.3M	$28.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now +0.100%Rate

Funding earned: −$92.84
Price spread: +0.100% → +0.050%: $5.04
Slippage, 4 orders: −$12.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$122.16
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 1 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 Bitget live order book, 3 min ago	1.67 bp	10.4 bp −$10	21.5 bp −$215	57.4 bp −$5,736	doesn't fit
Sell Binance live order book, 1 min ago	1.66 bp	6.7 bp −$7	8.3 bp −$83	36.2 bp −$3,617	127.0 bp −$63.5K

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	0.0000%	1h	3.0036	+0.120%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8404	−5.320%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0052	+0.173%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0004%	1h	3.0040	+0.133%	$659K	$96K	20x	as long as short
HTX NATGAS-USDT	+0.0013%	4h	3.0045	+0.150%	$117K	$216K	75x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0044	+0.147%	$631K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0037	+0.123%	$111K	$283K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	+0.167%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0034	+0.113%	$6.0M	$5.3M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0009	+0.030%	$82K	$26K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NG-USD-PERP	+0.0052%	8h	3.0042	+0.139%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0027	+0.090%	$68K	$30K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.333%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	0.000%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	+0.100%	$1.5M	$90K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0106%	4h	3.0030	+0.100%	$15K	$222K	25x	as long as short
KuCoin NATGASUSDTM	+0.0182%	4h	3.0030	+0.100%	$1.0M	$889K	20x	as long as short
Aster NATGASUSDT	+0.0205%	4h	3.0037	+0.122%	$264K	$65K	50x	as long as short
Variational Omni NATGAS	+0.0413%	4h	3.0029	+0.097%	$318K	$390K	—	as long as short
Binance NATGASUSDTshort	+0.0440%	4h	3.0030	+0.100%	$10.3M	$28.4M	100x
edgeX NATGASUSDC	+0.0458%	4h	3.0020	+0.065%	$85K	$211K	20x	as long as short
Gate NG_USDT	+0.0577%	8h	3.0050	+0.167%	$1.5M	$195K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0579% / S −0.0591%	1h	3.0035	+0.117%	$88K	—	45x	as long as short
BloFin NG-USDT	+0.0626%	8h	3.0010	+0.033%	$82K	$197K	20x	as long as short
OKX NG-USDT-SWAP	+0.0635%	8h	3.0010	+0.033%	$856K	$1.8M	50x	as long as short
Kraken Futures PF_NATGASUSD	+0.0862%	1h	3.0049	+0.164%	$56K	$36K	20x	as long as short
Bitget NATGASUSDTlong	+0.0882%	4h	3.0000	long leg	$9.9M	$3.0M	100x