Funding you earn now, next payment 03:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%
Price spread now: tradeXYZ against Extended+0.033%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.033%, 7d avg −0.032%
=Together, before fees−0.120%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.065% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XNG-USD | 3.0001 | 0.0032 | pay 0.0004% / 1h | 50m 36s | $110K | $442K | 5x |
| Short | tradeXYZ xyz:NATGAS | 3.0011 | 0.0084 | get 0.0010% / 1h | 50m 36s | $5.9M | $5.9M | 10x |
Extended XNG-USD
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.84
- Price spread: +0.033% → −0.032%
- $6.5
- Slippage, 4 orders
- −$7.57
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$13.22
- Costs to cover
- 0.306%
- Break-even
- 15.5 days
Slippage from Extended: live order book, 12 min ago; tradeXYZ: live order book, 8 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, 12 min ago | 0.67 bp | 3.7 bp −$4 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 0.17 bp | 10.6 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8385 | −5.387% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.103% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | +0.030% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0026 | +0.083% | $619K | $445K | 10x | as long as short |
| Extended XNG-USDlong | +0.0032% | 1h | 3.0001 | long leg | $110K | $442K | 5x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.030% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0031 | +0.100% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0026 | +0.084% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0072% | 1h | 3.0010 | +0.030% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0084% | 1h | 3.0011 | +0.033% | $5.9M | $5.9M | 10x |
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
Hotstuff NATGAS-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9998 | −0.010% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.004% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.004% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.063% | $1.5M | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0218% | 4h | 3.0029 | +0.093% | $98K | $211K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0268% | 4h | 3.0010 | +0.030% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0285% | 4h | 3.0010 | +0.031% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0370% | 4h | 3.0010 | +0.030% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0384% | 8h | 3.0020 | +0.063% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0403% | 8h | 3.0040 | +0.130% | $1.5M | $208K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0427% / S −0.0364% | 1h | 3.0015 | +0.046% | $92K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0459% | 4h | 3.0009 | +0.027% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0504% | 4h | 3.0010 | +0.030% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0010 | +0.030% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0822% | 4h | 3.0000 | −0.004% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0023 | +0.073% | $53K | $36K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD