Funding you earn now, next payment 12:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.132%
Price spread now: Bitget against OKX−0.033%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs+$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days+0.734%+$73 on $10k
+Price spread, last 7 days+0.077%+$8 · spread now −0.033%, 7d avg −0.012%
=Funding pays, the price is against you. Bitget is 0.021% cheaper against OKX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of −0.012%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX NG-USDT-SWAP | 2.9960 | 0.0364 | pay 0.0364% / 8h | 5h 56m | $831K | $2.0M | 50x |
| Short | Bitget NATGASUSDT | 2.9950 | 0.0708 | get 0.0354% / 4h | 1h 56m | $9.9M | $2.9M | 100x |
OKX NG-USDT-SWAP
Bitget NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- $72.3
- Price spread: −0.033% → −0.012%
- −$2.14
- Slippage, 4 orders
- −$19.86
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $28.3
- Costs to cover
- 0.419%
- Break-even
- 4.3 days
Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 5 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 OKX live order book, 3 min ago | 1.66 bp | 8.6 bp −$9 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.67 bp | 10.8 bp −$11 | 20.5 bp −$205 | 78.4 bp −$7,842 | doesn't fit |
NATGAS on 27 exchanges
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 | −0.1600% | 1h | 3.0035 | +0.250% | $35K | — | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | −0.0077% | 1h | 2.9987 | +0.092% | $54K | $45K | 20x | as long as short |
| QFEX NATGAS-USD | −0.0004% | 1h | 2.9970 | +0.033% | $660K | $99K | 20x | as long as short |
| tradeXYZ xyz:NATGAS | −0.0001% | 1h | 2.9969 | +0.030% | $6.0M | $5.0M | 10x | as long as short |
| Aster NATGASUSDT | 0.0000% | 4h | 2.9993 | +0.110% | $259K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | 0.0000% | 4h | 3.0030 | +0.234% | $19K | $208K | 25x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8371 | −5.304% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0012 | +0.174% | $2K | $1.7M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0003 | +0.144% | $118K | $221K | 75x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9963 | +0.010% | $676K | $761K | 10x | as long as short |
Hotstuff NATGAS-PERP
Kraken Futures PF_NATGASUSD
QFEX NATGAS-USD
tradeXYZ xyz:NATGAS
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
Lighter NATGASShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XNG-USD | +0.0032% | 1h | 2.9977 | +0.055% | $141K | $349K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | +0.100% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0004 | +0.147% | $84K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0052% | 8h | 2.9975 | +0.052% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9957 | −0.012% | $68K | $39K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | +0.134% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.134% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9990 | +0.100% | $1.5M | $92K | 10x | as long as short |
| Variational Omni NATGAS | +0.0125% | 4h | 3.0028 | +0.227% | $356K | $429K | — | as long as short |
| KuCoin NATGASUSDTM | +0.0150% | 4h | 2.9970 | +0.033% | $1.1M | $808K | 20x | as long as short |
| Binance NATGASUSDT | +0.0166% | 4h | 2.9970 | +0.033% | $9.6M | $31.8M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0209% | 4h | 3.0028 | +0.226% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0256% | 8h | 2.9990 | +0.100% | $1.5M | $199K | 100x | as long as short |
| BloFin NG-USDT | +0.0343% | 8h | 2.9980 | +0.067% | $80K | $200K | 20x | as long as short |
| OKX NG-USDT-SWAPlong | +0.0364% | 8h | 2.9960 | long leg | $831K | $2.0M | 50x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0493% / S −0.0486% | 1h | 2.9995 | +0.117% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDTshort | +0.0708% | 4h | 2.9950 | −0.033% | $9.9M | $2.9M | 100x |
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Variational Omni NATGAS
KuCoin NATGASUSDTM
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]