Funding you earn now, next payment 04:00 UTC−0.0358%/8h= −39.2% APRpaid last 24h −0.120%
Price spread now: Phemex against GMX−0.017%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NATGAS/USD [ETH-USDC] | 3.0045 | L +0.0458% / S −0.0398% | pay 0.0057% / 1h | 13m 08s | $92K | — | 45x |
| Short | Phemex NGUSDT | 3.0040 | 0.0100 | get 0.0050% / 4h | 13m 08s | $1.5M | $94K | 10x |
GMX NATGAS/USD [ETH-USDC]
Phemex NGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GMX. 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
- −$75.18
- Price spread: −0.017% → 0.000%
- −$1.66
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$100.85
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 1.66 bp | 35.8 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
GMX: 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/USD | L 0.0000% / S 0.0000% | 1h | 2.8466 | −5.255% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.057% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | −0.017% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0050 | +0.017% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0038 | −0.024% | $110K | $407K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.017% | — | $14K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 3.0051 | +0.020% | $35K | — | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0051 | +0.020% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0054% | 8h | 3.0060 | +0.050% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0079% | 1h | 3.0041 | −0.013% | $6.0M | $5.8M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Hotstuff NATGAS-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0033 | −0.040% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.150% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.150% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTshort | +0.0100% | 4h | 3.0040 | −0.017% | $1.5M | $94K | 10x | |
| HTX NATGAS-USDT | +0.0168% | 4h | 3.0066 | +0.070% | $105K | $211K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0318% | 4h | 3.0058 | +0.044% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0328% | 4h | 3.0030 | −0.050% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0384% | 4h | 3.0041 | −0.014% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC]long | L +0.0458% / S −0.0398% | 1h | 3.0045 | long leg | $92K | — | 45x | |
| Gate NG_USDT | +0.0489% | 8h | 3.0070 | +0.083% | $1.5M | $194K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0510% | 8h | 3.0050 | +0.017% | $860K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0520% | 8h | 3.0040 | −0.017% | $81K | $192K | 20x | as long as short |
| Variational Omni NATGAS | +0.0587% | 4h | 3.0050 | +0.016% | $317K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0601% | 4h | 3.0040 | −0.017% | $10.2M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0622% | 4h | 3.0050 | +0.017% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0974% | 4h | 3.0020 | −0.083% | $9.9M | $3.3M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0055 | +0.032% | $54K | $33K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD