Funding you earn now, next payment 04:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.018%
Price spread now: tradeXYZ against GRVT−0.087%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.087%, 7d avg −0.050%
=Together, before fees+0.057%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and tradeXYZ is 0.037% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% 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 | 3.0058 | 0.0318 | pay 0.0159% / 4h | 11m 34s | $25K | $227K | 25x |
| Short | tradeXYZ xyz:NATGAS | 3.0032 | 0.0074 | get 0.0009% / 1h | 11m 34s | $6.0M | $5.8M | 10x |
GRVT NATGAS_USDT_Perp
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$51.27
- Price spread: −0.087% → −0.050%
- −$3.66
- Slippage, 4 orders
- −$13.42
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$95.36
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 46 min ago; tradeXYZ: live order book, 6 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, 46 min ago | 1.67 bp | 12.2 bp −$12 | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.67 bp | 10.8 bp −$11 | 15.0 bp −$150 | doesn't fit | doesn't fit |
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 | −5.297% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.013% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0030 | −0.094% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0042 | −0.054% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0028 | −0.101% | $110K | $405K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.094% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0030 | −0.094% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0054% | 8h | 3.0049 | −0.030% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0074% | 1h | 3.0032 | −0.087% | $6.0M | $5.8M | 10x | |
| Pacifica NATGAS | +0.0100% | 1h | 3.0023 | −0.117% | $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
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.193% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.193% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | −0.094% | $1.5M | $94K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0166% | 4h | 3.0048 | −0.034% | $105K | $211K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.0208% | 1h | 3.0040 | −0.060% | $35K | — | 20x | as long as short |
| GRVT NATGAS_USDT_Perplong | +0.0318% | 4h | 3.0058 | long leg | $25K | $227K | 25x | |
| KuCoin NATGASUSDTM | +0.0322% | 4h | 3.0030 | −0.094% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0376% | 4h | 3.0038 | −0.067% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0458% / S −0.0399% | 1h | 3.0035 | −0.077% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0491% | 8h | 3.0070 | +0.040% | $1.5M | $194K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0512% | 8h | 3.0040 | −0.060% | $860K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0520% | 8h | 3.0040 | −0.060% | $81K | $192K | 20x | as long as short |
| Variational Omni NATGAS | +0.0587% | 4h | 3.0050 | −0.028% | $317K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0593% | 4h | 3.0033 | −0.084% | $10.2M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0622% | 4h | 3.0050 | −0.026% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0968% | 4h | 3.0000 | −0.193% | $9.9M | $3.3M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0994% | 1h | 3.0049 | −0.029% | $54K | $33K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD