Funding you earn now, next payment 03:00 UTC−0.0337%/8h= −36.9% APRpaid last 24h −0.077%
Price spread now: tradeXYZ against Gate−0.133%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days−0.393%−$39 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.133%, 7d avg −0.104%
=Together, before fees−0.352%+ Points / potential airdroptradeXYZ: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and tradeXYZ is 0.029% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.104%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NG_USDT | 3.0050 | 0.0403 | pay 0.0403% / 8h | 5h 48m | $1.5M | $208K | 100x |
| Short | tradeXYZ xyz:NATGAS | 3.0010 | 0.0066 | get 0.0008% / 1h | 48m 36s | $5.9M | $5.9M | 10x |
Gate NG_USDT
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$70.8
- Price spread: −0.133% → −0.104%
- −$2.93
- Slippage, 4 orders
- −$35.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$141.84
- Costs to cover
- 0.681%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago | 1.66 bp | 25.1 bp −$25 | 68.5 bp −$685 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 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 | −5.541% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0041 | −0.030% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | −0.133% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0024 | −0.087% | $619K | $445K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.173% | $110K | $442K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0013 | −0.123% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.133% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0031 | −0.063% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0020 | −0.099% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0066% | 1h | 3.0010 | −0.133% | $5.9M | $5.9M | 10x |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-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 | −0.173% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.166% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | −0.067% | $1.5M | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0216% | 4h | 3.0041 | −0.030% | $98K | $212K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0270% | 4h | 3.0010 | −0.133% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0289% | 4h | 3.0011 | −0.129% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0364% | 4h | 3.0010 | −0.133% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0388% | 8h | 3.0020 | −0.100% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDTlong | +0.0403% | 8h | 3.0050 | long leg | $1.5M | $208K | 100x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0427% / S −0.0365% | 1h | 3.0025 | −0.083% | $92K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0459% | 4h | 3.0009 | −0.136% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0507% | 4h | 3.0020 | −0.100% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0010 | −0.133% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0832% | 4h | 3.0000 | −0.166% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0034 | −0.054% | $54K | $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
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD