Funding you earn now, next payment 09:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.016%
Price spread now: GRVT against Pacifica−0.142%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropPacifica: Active · GRVT: Active · farm boardneeds both histories
Funding pays, the price is against you. GRVT is 0.142% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.2 days of funding at the current rate (+$7 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% 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 | Pacifica NATGAS | 3.0035 | 0.0100 | pay 0.0013% / 1h | 38m 44s | $69K | $30K | 10x |
| Short | GRVT NATGAS_USDT_Perp | 2.9992 | 0.0318 | get 0.0159% / 4h | 3h 38m | $18K | $218K | 25x |
Pacifica NATGAS
GRVT NATGAS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Pacifica. 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
- $45.78
- Price spread: −0.142% → 0.000%
- −$14.25
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $14.53
- Costs to cover
- 0.170%
- Break-even
- 4.8 days
Slippage unknown: Pacifica: no order-book sample; GRVT: live order book, 59 min ago. 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 Pacifica no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 59 min ago | 1.66 bp | 6.2 bp −$6 | 18.9 bp −$189 | doesn't fit | doesn't fit |
Pacifica: 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NATGAS-USD | 0.0000% | 1h | 3.0030 | −0.017% | $659K | $96K | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8400 | −5.444% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.057% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0053 | +0.060% | $631K | $483K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0031 | −0.013% | $109K | $253K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.017% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0035 | 0.000% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0021 | −0.047% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0050% | 8h | 3.0054 | +0.064% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0004 | −0.103% | $35K | — | 20x | as long as short |
QFEX NATGAS-USD
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Hotstuff NATGAS-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGASlong | +0.0100% | 1h | 3.0035 | long leg | $69K | $30K | 10x | |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.117% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.117% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0040 | +0.017% | $1.5M | $90K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0146% | 4h | 3.0030 | −0.017% | $1.1M | $846K | 20x | as long as short |
| Aster NATGASUSDT | +0.0172% | 4h | 3.0030 | −0.017% | $264K | $69K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0201% | 4h | 3.0057 | +0.073% | $118K | $220K | 75x | as long as short |
| Gate NG_USDT | +0.0278% | 8h | 3.0060 | +0.083% | $1.5M | $193K | 100x | as long as short |
| GRVT NATGAS_USDT_Perpshort | +0.0318% | 4h | 2.9992 | −0.142% | $18K | $218K | 25x | |
| Variational Omni NATGAS | +0.0344% | 4h | 2.9990 | −0.150% | $318K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0365% | 4h | 3.0040 | +0.017% | $10.4M | $28.8M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0369% | 4h | 2.9986 | −0.163% | $85K | $211K | 20x | as long as short |
| BloFin NG-USDT | +0.0484% | 8h | 3.0010 | −0.083% | $76K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0510% | 8h | 3.0030 | −0.017% | $801K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0597% / S −0.0614% | 1h | 3.0045 | +0.033% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0684% | 1h | 3.0036 | +0.002% | $53K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0846% | 4h | 3.0020 | −0.050% | $9.9M | $3.0M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
Gate NG_USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT