Funding you earn now, next payment 06:00 UTC−0.0434%/8h= −47.5% APRpaid last 24h −0.080%
Price spread now: Extended against Gate−0.209%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days−0.280%−$28 on $10k
+Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.209%, 7d avg −0.033%
=Together, before fees−0.047%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Extended is 0.176% cheaper against Gate than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.280% in total (about -14.6% 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 | Gate NG_USDT | 3.0100 | 0.0570 | pay 0.0570% / 8h | 2h 50m | $1.5M | $192K | 100x |
| Short | Extended XNG-USD | 3.0037 | 0.0136 | get 0.0017% / 1h | 50m 54s | $110K | $364K | 5x |
Gate NG_USDT
Extended XNG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$91.14
- Price spread: −0.209% → −0.033%
- −$17.57
- Slippage, 4 orders
- −$23.72
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$152.43
- Costs to cover
- 0.437%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Extended: live order book, 62 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, 1 min ago | 1.66 bp | 15.8 bp −$16 | 59.5 bp −$595 | doesn't fit | doesn't fit |
| Sell Extended live order book, 62 min ago | 0.33 bp | 3.5 bp −$3 | 8.6 bp −$86 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | −0.093% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0043 | −0.189% | $629K | $503K | 10x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0040 | −0.199% | $659K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.166% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0072 | −0.093% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0085% | 8h | 3.0062 | −0.127% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0021 | −0.262% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.332% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.332% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | −0.133% | $1.5M | $93K | 10x | as long as short |
SunX NATGAS-USDT
Lighter NATGAS
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XNG-USDshort | +0.0136% | 1h | 3.0037 | −0.209% | $110K | $364K | 5x | |
| Hotstuff NATGAS-PERP | +0.0160% | 1h | 3.0052 | −0.159% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0180% | 1h | 3.0053 | −0.156% | $6.0M | $5.6M | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0374% | 4h | 3.0040 | −0.199% | $1.0M | $977K | 20x | as long as short |
| HTX NATGAS-USDT | +0.0425% | 4h | 3.0062 | −0.126% | $107K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0430% | 4h | 3.0044 | −0.187% | $13K | $224K | 25x | as long as short |
| Aster NATGASUSDT | +0.0440% | 4h | 3.0060 | −0.133% | $264K | $74K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0501% / S −0.0446% | 1h | 3.0055 | −0.150% | $92K | — | 45x | as long as short |
| Gate NG_USDTlong | +0.0570% | 8h | 3.0100 | long leg | $1.5M | $192K | 100x | |
| OKX NG-USDT-SWAP | +0.0634% | 8h | 3.0050 | −0.166% | $868K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0635% | 8h | 3.0030 | −0.233% | $82K | $195K | 20x | as long as short |
| Variational Omni NATGAS | +0.0643% | 4h | 3.0050 | −0.167% | $317K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0672% | 4h | 3.0050 | −0.166% | $10.3M | $28.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0683% | 4h | 3.0047 | −0.177% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1038% | 4h | 3.0030 | −0.233% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1181% | 1h | 3.0071 | −0.096% | $56K | $35K | 20x | as long as short |
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
KuCoin NATGASUSDTM
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD