Funding you earn now, next payment 08:00 UTC−0.0391%/8h= −42.8% APRpaid last 24h −0.104%
Price spread now: tradeXYZ against edgeX+0.080%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$760.760% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.080%, 7d avg −0.042%
=Together, before fees−0.290%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.122% dearer against edgeX than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.042%): +$12 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.252% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.252% in total (about -13.2% 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 | edgeX NATGASUSDC | 3.0054 | 0.0441 | pay 0.0220% / 4h | 33m 00s | $85K | $212K | 20x |
| Short | tradeXYZ xyz:NATGAS | 3.0078 | 0.0050 | get 0.0006% / 1h | 33m 00s | $6.0M | $5.2M | 10x |
edgeX NATGASUSDC
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against edgeX. 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
- −$82.03
- Price spread: +0.080% → −0.042%
- $12.22
- Slippage, 4 orders
- −$49.05
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$145.86
- Costs to cover
- 0.760%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 4 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 edgeX live order book, 4 min ago | 13.31 bp | 33.6 bp −$34 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.67 bp | 11.2 bp −$11 | 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 | −0.0088% | 1h | 3.0072 | +0.060% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8450 | −5.337% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.093% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0073 | +0.063% | $117K | $216K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0070 | +0.053% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0079 | +0.083% | $632K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0068 | +0.046% | $111K | $271K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | +0.053% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0050% | 1h | 3.0078 | +0.080% | $6.0M | $5.2M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0081 | +0.090% | $83K | $26K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0074 | +0.065% | $5K | — | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0076% | 4h | 3.0050 | −0.013% | $15K | $222K | 25x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0064 | +0.032% | $70K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.180% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.180% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0080 | +0.086% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0170% | 4h | 3.0060 | +0.020% | $1.0M | $886K | 20x | as long as short |
| Aster NATGASUSDT | +0.0185% | 4h | 3.0064 | +0.034% | $265K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0402% | 4h | 3.0069 | +0.050% | $319K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0421% | 4h | 3.0070 | +0.053% | $10.4M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDClong | +0.0441% | 4h | 3.0054 | long leg | $85K | $212K | 20x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0577% / S −0.0589% | 1h | 3.0075 | +0.070% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0579% | 8h | 3.0090 | +0.120% | $1.5M | $195K | 100x | as long as short |
| BloFin NG-USDT | +0.0615% | 8h | 3.0060 | +0.020% | $82K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0619% | 8h | 3.0050 | −0.013% | $854K | $1.8M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0860% | 1h | 3.0090 | +0.121% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0870% | 4h | 3.0040 | −0.047% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
GRVT NATGAS_USDT_Perp
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT