NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0259%/8h= +28.3% APRnext payment +$1.29 per $10,000 · paid last 24h +0.101%

Price spread now: Binance against GRVT+0.033%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 2 days (all we have)−0.010%−$1 · spread now +0.033%, 7d avg −0.024%

Together, before fees+0.207%+ Points / potential airdropGRVT: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.058% dearer against GRVT than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NATGAS_USDT_Perp	2.9930	0.0332	pay 0.0166% / 4h	1h 13m	$13K	$246K	25x
Short	Binance NATGASUSDT	2.9940	0.0591	get 0.0295% / 4h	1h 13m	$10.1M	$30.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee BinancebpOrdersPrice spread, now +0.033%Rate

Funding earned: $54.33
Price spread: +0.033% → −0.024%: $5.75
Slippage, 4 orders: −$13.57
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $27.51
Costs to cover: 0.326%
Break-even: 3.5 days

Slippage from GRVT: live order book, 4 min ago; Binance: live order book, 13 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, 4 min ago	1.67 bp	9.0 bp −$9	20.5 bp −$205	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.67 bp	6.7 bp −$7	10.6 bp −$106	45.5 bp −$4,552	139.4 bp −$69.7K

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
Hotstuff NATGAS-PERP	0.0000%	1h	2.9930	0.000%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8274	−5.533%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9962	+0.107%	$2K	$2.6M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9929	−0.003%	$619K	$411K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9920	−0.033%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9927	−0.010%	$84K	$49K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0058%	1h	2.9930	0.000%	$5.9M	$6.0M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9913	−0.058%	$68K	$34K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.234%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.100%	$3K	$544	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NGUSDT	+0.0100%	4h	2.9940	+0.033%	$1.5M	$100K	10x	as long as short
Paradex NG-USD-PERP	+0.0110%	8h	2.9941	+0.035%	$5K	—	5x	as long as short
QFEX NATGAS-USD	+0.0160%	1h	2.9930	0.000%	$657K	$86K	20x	as long as short
KuCoin NATGASUSDTM	+0.0166%	4h	2.9930	0.000%	$1.0M	$1.2M	20x	as long as short
HTX NATGAS-USDT	+0.0189%	4h	2.9953	+0.077%	$98K	$215K	75x	as long as short
Gate NG_USDT	+0.0227%	8h	2.9960	+0.100%	$1.5M	$307K	100x	as long as short
Extended XNG-USD	+0.0264%	1h	2.9911	−0.062%	$110K	$471K	5x	as long as short
OKX NG-USDT-SWAP	+0.0305%	8h	2.9930	0.000%	$856K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0327%	8h	2.9940	+0.033%	$80K	$189K	20x	as long as short
GRVT NATGAS_USDT_Perplong	+0.0332%	4h	2.9930	long leg	$13K	$246K	25x
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9945	+0.050%	$93K	—	45x	as long as short
Aster NATGASUSDT	+0.0504%	4h	2.9940	+0.034%	$265K	$105K	50x	as long as short
Kraken Futures PF_NATGASUSD	+0.0515%	1h	2.9954	+0.080%	$52K	$44K	20x	as long as short
Variational Omni NATGAS	+0.0534%	4h	2.9931	+0.004%	$311K	$446K	—	as long as short
Binance NATGASUSDTshort	+0.0591%	4h	2.9940	+0.033%	$10.1M	$30.8M	100x
edgeX NATGASUSDC	+0.0637%	4h	2.9932	+0.007%	$85K	$213K	20x	as long as short
Bitget NATGASUSDT	+0.0784%	4h	2.9910	−0.067%	$10.0M	$4.0M	100x	as long as short