Funding you earn now, next payment 12:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.047%
Price spread now: Aster against Phemex−0.033%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1221.219% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.033%, 7d avg +0.017%
=Together, before fees+0.019%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.050% cheaper against Phemex than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.017%). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0040 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $1.5M | $90K | 10x |
| Short | Aster NATGASUSDT | 3.0030 | 0.0175 | get 0.0087% / 4h | 3h 32m | $264K | $69K | 50x |
Phemex NGUSDT
Aster NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $15.72
- Price spread: −0.033% → +0.017%
- −$5.02
- Slippage, 4 orders
- −$101.89
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$111.19
- Costs to cover
- 1.219%
- Break-even
- 56.5 days
Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 64 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 Phemex live order book, 5 min ago | 1.66 bp | 33.5 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 64 min ago | 6.65 bp | 16.9 bp −$17 | 17.3 bp −$173 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NATGAS-USD | 0.0000% | 1h | 3.0040 | 0.000% | $659K | $96K | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8399 | −5.463% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.073% | $2K | $2.3M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0044 | +0.013% | $631K | $483K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0016 | −0.081% | $109K | $253K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.033% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0030 | −0.033% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0071 | +0.103% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0050% | 8h | 3.0051 | +0.037% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0020 | −0.067% | $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 NATGAS | +0.0100% | 1h | 3.0021 | −0.063% | $69K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.133% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.133% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 3.0040 | long leg | $1.5M | $90K | 10x | |
| HTX NATGAS-USDT | +0.0128% | 4h | 3.0060 | +0.067% | $118K | $221K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0148% | 4h | 3.0040 | 0.000% | $1.0M | $843K | 20x | as long as short |
| Aster NATGASUSDTshort | +0.0175% | 4h | 3.0030 | −0.033% | $264K | $69K | 50x | |
| GRVT NATGAS_USDT_Perp | +0.0258% | 4h | 3.0041 | +0.002% | $20K | $221K | 25x | as long as short |
| Gate NG_USDT | +0.0279% | 8h | 3.0070 | +0.100% | $1.5M | $193K | 100x | as long as short |
| Variational Omni NATGAS | +0.0342% | 4h | 3.0070 | +0.100% | $318K | $391K | — | as long as short |
| Binance NATGASUSDT | +0.0366% | 4h | 3.0029 | −0.035% | $10.4M | $28.8M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0373% | 4h | 3.0060 | +0.068% | $85K | $212K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0504% | 8h | 3.0030 | −0.033% | $804K | $1.9M | 50x | as long as short |
| BloFin NG-USDT | +0.0530% | 8h | 3.0050 | +0.033% | $76K | $198K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0587% / S −0.0602% | 1h | 3.0045 | +0.017% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0684% | 1h | 3.0037 | −0.010% | $53K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0846% | 4h | 3.0000 | −0.133% | $9.9M | $3.0M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
HTX NATGAS-USDT
KuCoin NATGASUSDTM
GRVT NATGAS_USDT_Perp
Gate NG_USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT