Funding you earn now, next payment 04:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.065%
Price spread now: tradeXYZ against BloFin+0.010%88s7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as 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−$420.416% of the position
Funding, last 7 days−0.302%−$30 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.010%, 7d avg −0.004%
=Together, before fees−0.345%+ Points / potential airdroptradeXYZ: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. The two prices were read 88 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 | BloFin NG-USDT | 3.0050 | 0.0510 | pay 0.0510% / 8h | 4h 33m | $80K | $188K | 20x |
| Short | tradeXYZ xyz:NATGAS | 3.0053 | 0.0117 | get 0.0015% / 1h | 33m 36s | $6.0M | $5.9M | 10x |
BloFin NG-USDT
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$82.53
- Price spread: +0.010% → −0.004%
- $1.44
- Slippage, 4 orders
- −$11.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$122.66
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 64 min ago; tradeXYZ: live order book, 5 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, 64 min ago | 1.67 bp | 10.2 bp −$10 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.50 bp | 11.3 bp −$11 | 15.4 bp −$154 | 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 | +0.073% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0050 | 0.000% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0049 | −0.003% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0038 | −0.039% | $110K | $428K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0058 | +0.027% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | 0.000% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0040 | −0.033% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0055% | 8h | 3.0064 | +0.046% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | −0.017% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
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 | −0.166% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | +0.033% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0117% | 1h | 3.0053 | +0.010% | $6.0M | $5.9M | 10x | |
| HTX NATGAS-USDT | +0.0216% | 4h | 3.0076 | +0.087% | $105K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0348% | 4h | 3.0041 | −0.031% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0372% | 4h | 3.0040 | −0.033% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0408% | 4h | 3.0042 | −0.025% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0453% / S −0.0393% | 1h | 3.0055 | +0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0458% | 8h | 3.0080 | +0.100% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0490% | 8h | 3.0050 | 0.000% | $855K | $1.7M | 50x | as long as short |
| BloFin NG-USDTlong | +0.0510% | 8h | 3.0050 | long leg | $80K | $188K | 20x | |
| Variational Omni NATGAS | +0.0601% | 4h | 3.0050 | −0.001% | $312K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0625% | 4h | 3.0060 | +0.032% | $10.2M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0635% | 4h | 3.0050 | −0.001% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0068 | +0.059% | $54K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1004% | 4h | 3.0030 | −0.067% | $9.9M | $3.3M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT