Funding you earn now, next payment 08:00 UTC+0.0491%/8h= +53.8% APRpaid last 24h +0.061%
Price spread now: OKX against Phemex−0.033%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$890.887% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.033%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 11.9% 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 | Phemex NGUSDT | 3.0050 | 0.0100 | pay 0.0050% / 4h | 3h 16m | $1.5M | $92K | 10x |
| Short | OKX NG-USDT-SWAP | 3.0040 | 0.0591 | get 0.0591% / 8h | 3h 16m | $866K | $1.7M | 50x |
Phemex NGUSDT
OKX NG-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $103.18
- Price spread: −0.033% → −0.036%
- $0.25
- Slippage, 4 orders
- −$66.69
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $14.74
- Costs to cover
- 0.887%
- Break-even
- 6.0 days
Slippage from Phemex: live order book, 1 min ago; OKX: 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 Phemex live order book, 1 min ago | 3.33 bp | 35.7 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.66 bp | 9.7 bp −$10 | 19.2 bp −$192 | 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 | 2.8446 | −5.338% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.106% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0050 | 0.000% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0043 | −0.023% | $629K | $503K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0046 | −0.013% | $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 | 3.0047 | −0.010% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0079% | 8h | 3.0068 | +0.059% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0090% | 1h | 3.0045 | −0.017% | $6.0M | $5.7M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0032 | −0.060% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
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 | −0.166% | $37K | $218K | 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 | $92K | 10x | |
| Extended XNG-USD | +0.0176% | 1h | 3.0032 | −0.058% | $110K | $365K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0366% | 4h | 3.0020 | −0.100% | $1.0M | $990K | 20x | as long as short |
| Aster NATGASUSDT | +0.0379% | 4h | 3.0060 | +0.033% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0460% | 4h | 3.0020 | −0.100% | $13K | $223K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0485% / S −0.0428% | 1h | 3.0065 | +0.050% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0538% | 4h | 3.0073 | +0.077% | $107K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0551% | 8h | 3.0090 | +0.133% | $1.5M | $193K | 100x | as long as short |
| OKX NG-USDT-SWAPshort | +0.0591% | 8h | 3.0040 | −0.033% | $866K | $1.7M | 50x | |
| Variational Omni NATGAS | +0.0612% | 4h | 3.0030 | −0.067% | $317K | $439K | — | as long as short |
| BloFin NG-USDT | +0.0612% | 8h | 3.0020 | −0.100% | $82K | $194K | 20x | as long as short |
| edgeX NATGASUSDC | +0.0639% | 4h | 3.0030 | −0.067% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0643% | 4h | 3.0060 | +0.033% | $10.3M | $28.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0854% | 1h | 3.0077 | +0.090% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1014% | 4h | 3.0010 | −0.133% | $9.9M | $3.2M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Extended XNG-USD
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
HTX NATGAS-USDT
Gate NG_USDT
Variational Omni NATGAS
BloFin NG-USDT
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT