Funding you earn now, next payment 04:00 UTC−0.0636%/8h= −69.6% APRnext payment −$3.18 per $10,000 · paid last 24h −0.200%
Price spread now: GRVT against Bitget+0.035%63s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as 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−$390.389% of the position
Funding, last 7 days−0.993%−$99 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.035%, 7d avg +0.037%
=Together, before fees−0.999%+ Points / potential airdropGRVT: Active · farm board−$100 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 63 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 | 0.0990 | pay 0.0495% / 4h | 42m 24s | $9.9M | $3.3M | 100x |
| Short | GRVT NATGAS_USDT_Perp | 3.0011 | 0.0354 | get 0.0177% / 4h | 42m 24s | $25K | $227K | 25x |
Bitget NATGASUSDT
GRVT NATGAS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$133.56
- Price spread: +0.035% → +0.037%
- −$0.15
- Slippage, 4 orders
- −$17.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$172.63
- Costs to cover
- 0.389%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; GRVT: live order book, 15 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, 1 min ago | 1.67 bp | 10.7 bp −$11 | 21.7 bp −$217 | 61.9 bp −$6,193 | doesn't fit |
| Sell GRVT live order book, 15 min ago | 1.67 bp | 6.2 bp −$6 | 19.6 bp −$196 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.173% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0030 | +0.100% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0044 | +0.147% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0031 | +0.102% | $110K | $441K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0040 | +0.133% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0040 | +0.133% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0046 | +0.153% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0085% | 1h | 3.0040 | +0.133% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0034 | +0.113% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $215K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Hotstuff NATGAS-PERP | +0.0104% | 1h | 3.0044 | +0.147% | $35K | — | 20x | as long as short |
| HTX NATGAS-USDT | +0.0212% | 4h | 3.0047 | +0.157% | $105K | $211K | 75x | as long as short |
| GRVT NATGAS_USDT_Perpshort | +0.0354% | 4h | 3.0011 | +0.035% | $25K | $227K | 25x | |
| KuCoin NATGASUSDTM | +0.0360% | 4h | 3.0030 | +0.100% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0403% | 4h | 3.0034 | +0.114% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0447% / S −0.0386% | 1h | 3.0035 | +0.117% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0453% | 8h | 3.0070 | +0.233% | $1.5M | $191K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0471% | 8h | 3.0030 | +0.100% | $854K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0499% | 8h | 3.0000 | 0.000% | $81K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0594% | 4h | 3.0009 | +0.031% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0616% | 4h | 3.0045 | +0.151% | $10.2M | $28.7M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0635% | 4h | 3.0010 | +0.032% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDTlong | +0.0990% | 4h | 3.0000 | long leg | $9.9M | $3.3M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.0994% | 1h | 3.0047 | +0.157% | $54K | $34K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD