Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.156%
Price spread now: GMX against GRVT+0.050%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.050% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT NATGAS_USDT_Perp | 3.0020 | 0.0298 | pay 0.0149% / 4h | 3h 05m | $25K | $200K | 25x |
| Short | GMX NATGAS/USD [ETH-USDC] | 3.0035 | L +0.0413% / S −0.0350% | get 0.0044% / 1h | 5m 15s | $92K | — | 45x |
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $10.86
- Price spread: +0.050% → 0.000%
- $5
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$5.14
- Costs to cover
- 0.210%
- Break-even
- 10.3 days
Slippage unknown: GRVT: live order book, 2 min ago; GMX: no order-book sample. 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 GRVT live order book, 2 min ago | 1.66 bp | 11.8 bp −$12 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | 2.8381 | −5.460% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.107% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0015% | 1h | 3.0020 | 0.000% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0029 | +0.030% | $617K | $414K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0014 | −0.020% | $110K | $451K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.033% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0015 | −0.017% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0020 | 0.000% | $84K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0034 | +0.047% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0026 | +0.019% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0030 | +0.033% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.067% | $37K | $217K | 50x | as long as short |
| 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 | $95K | 10x | as long as short |
| Aster NATGASUSDT | +0.0100% | 4h | 3.0030 | +0.033% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0195% | 4h | 3.0050 | +0.100% | $98K | $211K | 75x | as long as short |
| Variational Omni NATGAS | +0.0200% | 4h | 3.0029 | +0.031% | $312K | $443K | — | as long as short |
| Hotstuff NATGAS-PERP | +0.0208% | 1h | 3.0026 | +0.020% | $35K | — | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0259% | 8h | 3.0020 | 0.000% | $863K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0271% | 4h | 3.0030 | +0.033% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDT | +0.0272% | 8h | 2.9990 | −0.100% | $81K | $189K | 20x | as long as short |
| Binance NATGASUSDT | +0.0280% | 4h | 3.0030 | +0.033% | $10.1M | $29.2M | 100x | as long as short |
| GRVT NATGAS_USDT_Perplong | +0.0298% | 4h | 3.0020 | long leg | $25K | $200K | 25x | |
| Gate NG_USDT | +0.0375% | 8h | 3.0040 | +0.067% | $1.5M | $256K | 100x | as long as short |
| Bitget NATGASUSDT | +0.0400% | 4h | 3.0010 | −0.033% | $9.9M | $3.5M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | L +0.0413% / S −0.0350% | 1h | 3.0035 | +0.050% | $92K | — | 45x | |
| Kraken Futures PF_NATGASUSD | +0.1001% | 1h | 3.0042 | +0.073% | $52K | $36K | 20x | as long as short |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
Hotstuff NATGAS-PERP
OKX NG-USDT-SWAP
edgeX NATGASUSDC
BloFin NG-USDT
Binance NATGASUSDT
Gate NG_USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD