Funding you earn now, next payment 05:00 UTC+0.0522%/8h= +57.2% APRpaid last 24h +0.107%
Price spread now: Binance against Extended+0.073%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.073%, 7d avg +0.028%
=Together, before fees−0.053%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Binance is 0.045% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.028%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.119% in total (about 6.2% 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 | Extended XNG-USD | 3.0008 | 0.0104 | pay 0.0013% / 1h | 24m 48s | $110K | $375K | 5x |
| Short | Binance NATGASUSDT | 3.0030 | 0.0626 | get 0.0313% / 4h | 3h 24m | $10.2M | $28.3M | 100x |
Extended XNG-USD
Binance NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- $109.65
- Price spread: +0.073% → +0.028%
- $4.47
- Slippage, 4 orders
- −$5.57
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $93.55
- Costs to cover
- 0.206%
- Break-even
- 1.0 days
Slippage from Extended: live order book, 28 min ago; Binance: live order book, 2 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 Extended live order book, 28 min ago | 0.33 bp | 3.8 bp −$4 | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.66 bp | 6.7 bp −$7 | 11.1 bp −$111 | 37.7 bp −$3,772 | 128.8 bp −$64.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8410 | −5.325% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.146% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0030 | +0.073% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0017 | +0.030% | $627K | $502K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.007% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0049 | +0.136% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0060% | 8h | 3.0052 | +0.147% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0086% | 1h | 3.0020 | +0.040% | $6.0M | $5.7M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0007 | −0.003% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.027% | $37K | $218K | 50x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 27 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 | −0.027% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.073% | $1.5M | $93K | 10x | as long as short |
| Extended XNG-USDlong | +0.0104% | 1h | 3.0008 | long leg | $110K | $375K | 5x | |
| Hotstuff NATGAS-PERP | +0.0112% | 1h | 3.0026 | +0.060% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0346% | 4h | 3.0020 | +0.040% | $1.0M | $995K | 20x | as long as short |
| Aster NATGASUSDT | +0.0394% | 4h | 3.0043 | +0.115% | $264K | $74K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0483% / S −0.0426% | 1h | 3.0035 | +0.090% | $92K | — | 45x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0492% | 4h | 3.0020 | +0.038% | $13K | $222K | 25x | as long as short |
| HTX NATGAS-USDT | +0.0497% | 4h | 3.0056 | +0.160% | $107K | $212K | 75x | as long as short |
| Gate NG_USDT | +0.0540% | 8h | 3.0060 | +0.173% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0579% | 8h | 3.0020 | +0.040% | $866K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0586% | 8h | 3.0030 | +0.073% | $82K | $195K | 20x | as long as short |
| Variational Omni NATGAS | +0.0605% | 4h | 3.0019 | +0.038% | $316K | $439K | — | as long as short |
| edgeX NATGASUSDC | +0.0619% | 4h | 3.0029 | +0.071% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDTshort | +0.0626% | 4h | 3.0030 | +0.073% | $10.2M | $28.3M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0046 | +0.126% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0996% | 4h | 3.0000 | −0.027% | $9.9M | $3.2M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
GRVT NATGAS_USDT_Perp
HTX NATGAS-USDT
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT