Funding you earn now, next payment 04:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h −0.153%
Price spread now: BloFin against Bitget−0.067%205s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days−0.702%−$70 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.067%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.074% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.007%). Swap the legs. The two prices were read 205 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 3.0000 | 0.0536 | pay 0.0268% / 4h | 2h 45m | $9.9M | $3.5M | 100x |
| Short | BloFin NG-USDT | 2.9980 | 0.0307 | get 0.0307% / 8h | 6h 45m | $81K | $188K | 20x |
Bitget NATGASUSDT
BloFin NG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$48.09
- Price spread: −0.067% → +0.007%
- −$7.41
- Slippage, 4 orders
- −$21.49
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$100.99
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 14 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 | 10.1 bp −$10 | 19.9 bp −$199 | 67.1 bp −$6,713 | doesn't fit |
| Sell BloFin live order book, 14 min ago | 1.67 bp | 7.7 bp −$8 | 10.5 bp −$105 | 62.6 bp −$6,258 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0056% | 1h | 3.0005 | +0.017% | $35K | — | 20x | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0051 | +0.170% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0030 | +0.100% | $659K | $86K | 20x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0006 | +0.020% | $110K | $450K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.033% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0012 | +0.040% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0031 | +0.103% | $84K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0058% | 8h | 3.0056 | +0.185% | $5K | — | 5x | as long as short |
| Lighter NATGAS | +0.0096% | 1h | 3.0028 | +0.093% | $617K | $444K | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0003 | +0.010% | $68K | $33K | 10x | as long as short |
Hotstuff NATGAS-PERP
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-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 | +0.067% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $217K | 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 | 3.0040 | +0.133% | $1.5M | $94K | 10x | as long as short |
| Aster NATGASUSDT | +0.0145% | 4h | 3.0030 | +0.100% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0240% | 4h | 3.0054 | +0.180% | $98K | $212K | 75x | as long as short |
| Variational Omni NATGAS | +0.0267% | 4h | 3.0030 | +0.101% | $312K | $443K | — | as long as short |
| OKX NG-USDT-SWAP | +0.0306% | 8h | 3.0020 | +0.067% | $868K | $1.7M | 50x | as long as short |
| BloFin NG-USDTshort | +0.0307% | 8h | 2.9980 | −0.067% | $81K | $188K | 20x | |
| Binance NATGASUSDT | +0.0338% | 4h | 3.0030 | +0.100% | $10.1M | $29.1M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0343% | 4h | 3.0010 | +0.035% | $85K | $212K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0366% | 4h | 3.0006 | +0.022% | $25K | $200K | 25x | as long as short |
| Gate NG_USDT | +0.0377% | 8h | 3.0040 | +0.133% | $1.5M | $218K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0418% / S −0.0354% | 1h | 3.0035 | +0.117% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDTlong | +0.0536% | 4h | 3.0000 | long leg | $9.9M | $3.5M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0057 | +0.190% | $54K | $37K | 20x | as long as short |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
OKX NG-USDT-SWAP
Binance NATGASUSDT
edgeX NATGASUSDC
GRVT NATGAS_USDT_Perp
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD