Funding you earn now, next payment 08:00 UTC−0.0103%/8h= −11.2% APRnext payment −$1.03 per $10,000 · paid last 24h −0.011%
Price spread now: BloFin against Gate−0.166%93s7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$620.621% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.166%, 7d avg −0.057%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.109% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.057%). Swap the legs. The two prices were read 93 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 | Gate NG_USDT | 3.0040 | 0.0375 | pay 0.0375% / 8h | 7h 05m | $1.5M | $256K | 100x |
| Short | BloFin NG-USDT | 2.9990 | 0.0272 | get 0.0272% / 8h | 7h 05m | $81K | $189K | 20x |
Gate NG_USDT
BloFin NG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$21.54
- Price spread: −0.166% → −0.057%
- −$10.94
- Slippage, 4 orders
- −$35.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$94.56
- Costs to cover
- 0.621%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 59 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 Gate live order book, 2 min ago | 1.66 bp | 22.9 bp −$23 | 60.3 bp −$603 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 1.67 bp | 10.5 bp −$10 | 18.5 bp −$185 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8374 | −5.546% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.040% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0015% | 1h | 3.0020 | −0.067% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0029 | −0.037% | $617K | $414K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0014 | −0.086% | $110K | $451K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.033% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0015 | −0.083% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0020 | −0.067% | $84K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0034 | −0.019% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0026 | −0.048% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0030 | −0.033% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.133% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.133% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | −0.033% | $1.5M | $95K | 10x | as long as short |
| Aster NATGASUSDT | +0.0100% | 4h | 3.0030 | −0.033% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0189% | 4h | 3.0048 | +0.027% | $98K | $211K | 75x | as long as short |
| Variational Omni NATGAS | +0.0200% | 4h | 3.0029 | −0.035% | $312K | $443K | — | as long as short |
| Hotstuff NATGAS-PERP | +0.0208% | 1h | 3.0026 | −0.047% | $35K | — | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0259% | 8h | 3.0020 | −0.067% | $863K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0271% | 4h | 3.0030 | −0.033% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDTshort | +0.0272% | 8h | 2.9990 | −0.166% | $81K | $189K | 20x | |
| Binance NATGASUSDT | +0.0280% | 4h | 3.0030 | −0.033% | $10.1M | $29.2M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0298% | 4h | 3.0020 | −0.067% | $25K | $200K | 25x | as long as short |
| Gate NG_USDTlong | +0.0375% | 8h | 3.0040 | long leg | $1.5M | $256K | 100x | |
| Bitget NATGASUSDT | +0.0400% | 4h | 3.0010 | −0.100% | $9.9M | $3.5M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0414% / S −0.0350% | 1h | 3.0035 | −0.017% | $92K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1001% | 1h | 3.0042 | +0.007% | $52K | $36K | 20x | as long as short |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
Hotstuff NATGAS-PERP
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
GRVT NATGAS_USDT_Perp
Bitget NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD