Funding you earn now, next payment 05:00 UTC−0.0416%/8h= −45.6% APRnext payment −$0.52 per $10,000 · paid last 24h −0.124%
Price spread now: tradeXYZ against GMX−0.030%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
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and tradeXYZ is 0.030% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NATGAS/USD [ETH-USDC] | 3.0015 | L +0.0472% / S −0.0414% | pay 0.0059% / 1h | 38m 41s | $92K | — | 45x |
| Short | tradeXYZ xyz:NATGAS | 3.0006 | 0.0056 | get 0.0007% / 1h | 38m 41s | $6.0M | $5.7M | 10x |
GMX NATGAS/USD [ETH-USDC]
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$87.36
- Price spread: −0.030% → 0.000%
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$120.36
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago | 0.17 bp | 10.8 bp −$11 | 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 | 2.8396 | −5.394% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.057% | $2K | $2.4M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 3.0007 | −0.027% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0010 | −0.017% | $668K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0006 | −0.030% | $626K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.057% | $110K | $395K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.017% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9999 | −0.053% | $82K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0056% | 1h | 3.0006 | −0.030% | $6.0M | $5.7M | 10x | |
| Paradex NG-USD-PERP | +0.0074% | 8h | 3.0022 | +0.025% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9989 | −0.087% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.050% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.050% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | −0.017% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0326% | 4h | 3.0010 | −0.017% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0374% | 4h | 3.0038 | +0.077% | $263K | $74K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0386% | 4h | 3.0055 | +0.133% | $107K | $213K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0468% | 4h | 3.0020 | +0.017% | $12K | $230K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC]long | L +0.0472% / S −0.0414% | 1h | 3.0015 | long leg | $92K | — | 45x | |
| Gate NG_USDT | +0.0530% | 8h | 3.0050 | +0.117% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDT | +0.0538% | 8h | 3.0020 | +0.017% | $81K | $193K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0558% | 8h | 3.0010 | −0.017% | $863K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0576% | 4h | 3.0020 | +0.016% | $316K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0597% | 4h | 3.0021 | +0.019% | $10.2M | $28.4M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0600% | 4h | 3.0010 | −0.017% | $85K | $212K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0856% | 1h | 3.0032 | +0.056% | $55K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0976% | 4h | 2.9990 | −0.083% | $9.9M | $3.2M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT