Funding you earn now, next payment 08:00 UTC−0.0778%/8h= −85.2% APRpaid last 24h −0.217%
Price spread now: tradeXYZ against Bitget+0.090%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 7 days−1.052%−$105 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.090%, 7d avg −0.006%
=Together, before fees−1.150%+ Points / potential airdroptradeXYZ: Active · farm board−$115 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.096% dearer against Bitget than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.006%): +$10 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 3.0000 | 0.0828 | pay 0.0414% / 4h | 9m 23s | $9.9M | $3.0M | 100x |
| Short | tradeXYZ xyz:NATGAS | 3.0027 | 0.0050 | get 0.0006% / 1h | 9m 23s | $6.0M | $5.2M | 10x |
Bitget NATGASUSDT
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$163.38
- Price spread: +0.090% → −0.006%
- $9.57
- Slippage, 4 orders
- −$15.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$199.01
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; tradeXYZ: live order book, 9 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, 4 min ago | 1.67 bp | 11.7 bp −$12 | 22.8 bp −$228 | 61.6 bp −$6,160 | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.50 bp | 11.7 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0016% | 1h | 3.0026 | +0.087% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8394 | −5.353% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.140% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0025 | +0.083% | $117K | $216K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0010 | +0.033% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0033 | +0.110% | $631K | $495K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0018 | +0.060% | $109K | $273K | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0044% | 4h | 3.0005 | +0.018% | $15K | $222K | 25x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.100% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0050% | 1h | 3.0027 | +0.090% | $6.0M | $5.2M | 10x |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
GRVT NATGAS_USDT_Perp
Vest NG-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0003 | +0.010% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0027 | +0.088% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0004 | +0.013% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $215K | 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 | 3.0020 | +0.067% | $1.5M | $90K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0142% | 4h | 3.0010 | +0.033% | $1.0M | $867K | 20x | as long as short |
| Aster NATGASUSDT | +0.0153% | 4h | 3.0040 | +0.133% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGAS | +0.0349% | 4h | 3.0011 | +0.037% | $318K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0371% | 4h | 3.0020 | +0.067% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0385% | 4h | 3.0011 | +0.037% | $85K | $212K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0557% | 8h | 3.0000 | 0.000% | $802K | $1.8M | 50x | as long as short |
| Gate NG_USDT | +0.0571% | 8h | 3.0040 | +0.133% | $1.5M | $196K | 100x | as long as short |
| BloFin NG-USDT | +0.0584% | 8h | 3.0000 | 0.000% | $80K | $198K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0590% / S −0.0605% | 1h | 3.0025 | +0.083% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDTlong | +0.0828% | 4h | 3.0000 | long leg | $9.9M | $3.0M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0041 | +0.135% | $56K | $35K | 20x | as long as short |
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
OKX NG-USDT-SWAP
Gate NG_USDT
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD