Funding you earn now, next payment 07:00 UTC−0.0547%/8h= −59.9% APRpaid last 24h −0.061%
Price spread now: ApeX Omni against BloFin−0.133%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1291.291% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.133%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and ApeX Omni is 0.166% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.225% in total (about -11.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NG-USDT | 3.0040 | 0.0647 | pay 0.0647% / 8h | 56m 06s | $83K | $198K | 20x |
| Short | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | get 0.0013% / 1h | 56m 06s | $37K | $216K | 50x |
BloFin NG-USDT
ApeX Omni NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against BloFin. 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
- −$114.95
- Price spread: −0.133% → +0.033%
- −$16.57
- Slippage, 4 orders
- −$107.14
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$260.66
- Costs to cover
- 1.291%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 14 min ago; ApeX Omni: live order book, 45 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 BloFin live order book, 14 min ago | 3.32 bp | 14.6 bp −$15 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 45 min ago | 16.64 bp | 53.7 bp −$54 | 268.4 bp −$2,684 | 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 | 3.0072 | +0.107% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0040 | 0.000% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0042 | +0.007% | $629K | $487K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0036 | −0.013% | $111K | $283K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0042% | 4h | 3.0054 | +0.047% | $117K | $218K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0059 | +0.063% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0055 | +0.051% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0063% | 1h | 3.0042 | +0.007% | $6.0M | $5.3M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0040 | 0.000% | $68K | $30K | 10x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDTshort | +0.0100% | 1h | 3.0000 | −0.133% | $37K | $216K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.133% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0040 | 0.000% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0132% | 4h | 3.0054 | +0.046% | $15K | $222K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0204% | 4h | 3.0040 | 0.000% | $1.0M | $896K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0216% | 1h | 3.0059 | +0.063% | $35K | — | 20x | as long as short |
| Aster NATGASUSDT | +0.0246% | 4h | 3.0068 | +0.092% | $265K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0472% | 4h | 3.0060 | +0.066% | $318K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0489% | 4h | 3.0040 | 0.000% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0070 | +0.101% | $85K | $213K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0570% / S −0.0580% | 1h | 3.0055 | +0.050% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0583% | 8h | 3.0070 | +0.100% | $1.5M | $195K | 100x | as long as short |
| BloFin NG-USDTlong | +0.0647% | 8h | 3.0040 | long leg | $83K | $198K | 20x | |
| OKX NG-USDT-SWAP | +0.0655% | 8h | 3.0050 | +0.033% | $876K | $1.7M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0861% | 1h | 3.0066 | +0.087% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0912% | 4h | 3.0020 | −0.067% | $9.9M | $3.1M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Hotstuff NATGAS-PERP
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT