Funding you earn now, next payment 05:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.026%
Price spread now: ApeX Omni against GRVT+0.266%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1301.303% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.294%−$29 · spread now +0.266%, 7d avg −0.004%
=Together, before fees−0.244%+ Points / potential airdropGRVT: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.271% dearer against GRVT than usual: you sell high and buy low (spread +0.266% now, against its 7-day average of −0.004%): +$27 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.050%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% 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 | GRVT NATGAS_USDT_Perp | 3.0020 | 0.0460 | pay 0.0230% / 4h | 3h 19m | $13K | $223K | 25x |
| Short | ApeX Omni NATGASUSDT | 3.0100 | 0.0100 | get 0.0013% / 1h | 19m 06s | $37K | $218K | 50x |
GRVT NATGAS_USDT_Perp
ApeX Omni NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against GRVT. 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
- −$75.6
- Price spread: +0.266% → −0.004%
- $27.06
- Slippage, 4 orders
- −$111.26
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$178.79
- Costs to cover
- 1.303%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 33 min ago; ApeX Omni: live order book, 32 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 GRVT live order book, 33 min ago | 1.66 bp | 12.1 bp −$12 | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 32 min ago | 16.64 bp | 52.0 bp −$52 | 272.2 bp −$2,722 | 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 | 3.0052 | +0.107% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0020 | 0.000% | $669K | $91K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0016 | −0.013% | $35K | — | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0017 | −0.010% | $628K | $502K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0019 | −0.003% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0074% | 8h | 3.0038 | +0.059% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0090% | 1h | 3.0026 | +0.020% | $6.0M | $5.6M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0000 | −0.067% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDTshort | +0.0100% | 1h | 3.0100 | +0.266% | $37K | $218K | 50x |
SunX NATGAS-USDT
QFEX NATGAS-USD
Hotstuff NATGAS-PERP
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.067% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.033% | $1.5M | $93K | 10x | as long as short |
| Extended XNG-USD | +0.0160% | 1h | 3.0021 | +0.002% | $110K | $365K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0364% | 4h | 3.0020 | 0.000% | $1.0M | $991K | 20x | as long as short |
| Aster NATGASUSDT | +0.0405% | 4h | 3.0056 | +0.118% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perplong | +0.0460% | 4h | 3.0020 | long leg | $13K | $223K | 25x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0485% / S −0.0428% | 1h | 3.0035 | +0.050% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0527% | 4h | 3.0074 | +0.180% | $107K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0547% | 8h | 3.0070 | +0.167% | $1.5M | $193K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0588% | 8h | 3.0030 | +0.033% | $866K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0600% | 8h | 3.0020 | 0.000% | $81K | $194K | 20x | as long as short |
| Variational Omni NATGAS | +0.0612% | 4h | 3.0030 | +0.032% | $317K | $439K | — | as long as short |
| Binance NATGASUSDT | +0.0636% | 4h | 3.0047 | +0.090% | $10.3M | $28.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0639% | 4h | 3.0030 | +0.032% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0046 | +0.087% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1008% | 4h | 3.0010 | −0.033% | $9.9M | $3.2M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
HTX NATGAS-USDT
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT