Funding you earn now, next payment 08:00 UTC+0.0424%/8h= +46.4% APRpaid last 24h +0.072%
Price spread now: Gate against Phemex+0.166%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1141.135% of the position
Funding, last 7 days+0.316%+$32 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.166%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Gate is 0.138% dearer against Phemex than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0050 | 0.0100 | pay 0.0050% / 4h | 3h 48m | $1.5M | $93K | 10x |
| Short | Gate NG_USDT | 3.0100 | 0.0524 | get 0.0524% / 8h | 3h 48m | $1.5M | $191K | 100x |
Phemex NGUSDT
Gate NG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $89.04
- Price spread: +0.166% → +0.029%
- $13.77
- Slippage, 4 orders
- −$86.54
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$10.73
- Costs to cover
- 1.135%
- Break-even
- 7.8 days
Slippage from Phemex: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 1.66 bp | 35.7 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 1.66 bp | 21.4 bp −$21 | 60.7 bp −$607 | doesn't fit | doesn't fit |
NATGAS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.073% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0050 | 0.000% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0042 | −0.027% | $621K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0029 | −0.071% | $110K | $404K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0041 | −0.030% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.067% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0030 | −0.067% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0067% | 8h | 3.0080 | +0.099% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0087% | 1h | 3.0047 | −0.010% | $6.0M | $5.7M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0031 | −0.063% | $68K | $33K | 10x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.166% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 3.0050 | long leg | $1.5M | $93K | 10x | |
| KuCoin NATGASUSDTM | +0.0330% | 4h | 3.0050 | 0.000% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0368% | 4h | 3.0082 | +0.106% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0469% / S −0.0411% | 1h | 3.0055 | +0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDTshort | +0.0524% | 8h | 3.0100 | +0.166% | $1.5M | $191K | 100x | |
| GRVT NATGAS_USDT_Perp | +0.0546% | 4h | 3.0030 | −0.067% | $25K | $218K | 25x | as long as short |
| HTX NATGAS-USDT | +0.0547% | 4h | 3.0070 | +0.067% | $107K | $214K | 75x | as long as short |
| OKX NG-USDT-SWAP | +0.0547% | 8h | 3.0050 | 0.000% | $861K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0561% | 4h | 3.0040 | −0.034% | $317K | $449K | — | as long as short |
| BloFin NG-USDT | +0.0575% | 8h | 3.0020 | −0.100% | $81K | $191K | 20x | as long as short |
| edgeX NATGASUSDC | +0.0587% | 4h | 3.0040 | −0.034% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0591% | 4h | 3.0061 | +0.036% | $10.2M | $28.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0063 | +0.044% | $54K | $33K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0982% | 4h | 3.0020 | −0.100% | $9.9M | $3.2M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
GRVT NATGAS_USDT_Perp
HTX NATGAS-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
BloFin NG-USDT
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT