Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Phemex against gTrade (Gains Network)+5.612%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 5.612% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$561 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | gTrade (Gains Network) NATGAS/USD | 2.8491 | L 0.0000% / S 0.0000% | get 0.0000% / 1h | 52m 32s | — | — | — |
| Short | Phemex NGUSDT | 3.0090 | 0.0100 | get 0.0050% / 4h | 1h 52m | $1.5M | $93K | 10x |
gTrade (Gains Network) NATGAS/USD
Phemex NGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against gTrade (Gains Network). 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
- $21
- Price spread: +5.612% → 0.000%
- $561.23
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $560.23
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 4.98 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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/USDlong | L 0.0000% / S 0.0000% | 1h | 2.8491 | long leg | — | — | — | |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0122 | +5.725% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0090 | +5.612% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0099 | +5.644% | $630K | $500K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0086 | +5.600% | $110K | $332K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0090 | +5.612% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0101 | +5.651% | $83K | $26K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0056% | 1h | 3.0079 | +5.574% | $35K | — | 20x | as long as short |
| Paradex NG-USD-PERP | +0.0059% | 8h | 3.0113 | +5.693% | $5K | — | 5x | as long as short |
| HTX NATGAS-USDT | +0.0065% | 4h | 3.0087 | +5.602% | $107K | $210K | 75x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Hotstuff NATGAS-PERP
Paradex NG-USD-PERP
HTX NATGAS-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NATGAS | +0.0093% | 1h | 3.0100 | +5.647% | $6.0M | $5.5M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0095 | +5.630% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +5.647% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | +5.647% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTshort | +0.0100% | 4h | 3.0090 | +5.612% | $1.5M | $93K | 10x | |
| GRVT NATGAS_USDT_Perp | +0.0122% | 4h | 3.0090 | +5.612% | $22K | $222K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0288% | 4h | 3.0080 | +5.577% | $1.0M | $938K | 20x | as long as short |
| Aster NATGASUSDT | +0.0303% | 4h | 3.0119 | +5.713% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0525% | 4h | 3.0090 | +5.611% | $318K | $432K | — | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0538% / S −0.0541% | 1h | 3.0105 | +5.665% | $88K | — | 45x | as long as short |
| Binance NATGASUSDT | +0.0546% | 4h | 3.0100 | +5.647% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0547% | 4h | 3.0093 | +5.624% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0628% | 8h | 3.0120 | +5.718% | $1.5M | $195K | 100x | as long as short |
| BloFin NG-USDT | +0.0637% | 8h | 3.0110 | +5.682% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0653% | 8h | 3.0090 | +5.612% | $872K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0970% | 4h | 3.0080 | +5.577% | $10.0M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0985% | 1h | 3.0116 | +5.702% | $56K | $35K | 20x | as long as short |
tradeXYZ xyz:NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
GMX NATGAS/USD [ETH-USDC]
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD