Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Orderly against Phemex+0.066%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.066% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0080 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $1.5M | $93K | 10x |
| Short | Orderly PERP_NATGAS_USDC_mythos | 3.0100 | 0.0100 | get 0.0100% / 8h | 1h 40m | $3K | $544 | 10x |
Phemex NGUSDT
Orderly PERP_NATGAS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0
- Price spread: +0.066% → 0.000%
- $6.65
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$11.35
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Orderly: no order-book sample. 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 Phemex live order book, 2 min ago | 1.66 bp | 32.6 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8450 | −5.419% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.040% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0060 | −0.066% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0064 | −0.053% | $629K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0055 | −0.082% | $111K | $330K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0034% | 4h | 3.0083 | +0.010% | $107K | $205K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0083 | +0.010% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0057% | 8h | 3.0083 | +0.009% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0071% | 1h | 3.0069 | −0.037% | $6.0M | $5.5M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0043 | −0.123% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.266% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythosshort | +0.0100% | 8h | 3.0100 | +0.066% | $3K | $544 | 10x | |
| Phemex NGUSDTlong | +0.0100% | 4h | 3.0080 | long leg | $1.5M | $93K | 10x | |
| GRVT NATGAS_USDT_Perp | +0.0132% | 4h | 3.0060 | −0.066% | $22K | $210K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0272% | 1h | 3.0073 | −0.023% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0280% | 4h | 3.0050 | −0.100% | $1.0M | $929K | 20x | as long as short |
| Aster NATGASUSDT | +0.0290% | 4h | 3.0088 | +0.028% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0512% | 4h | 3.0070 | −0.034% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0534% | 4h | 3.0078 | −0.008% | $10.3M | $28.6M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0546% / S −0.0550% | 1h | 3.0075 | −0.017% | $88K | — | 45x | as long as short |
| edgeX NATGASUSDC | +0.0549% | 4h | 3.0058 | −0.072% | $85K | $213K | 20x | as long as short |
| Gate NG_USDT | +0.0634% | 8h | 3.0090 | +0.033% | $1.5M | $196K | 100x | as long as short |
| BloFin NG-USDT | +0.0643% | 8h | 3.0060 | −0.066% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0650% | 8h | 3.0080 | 0.000% | $875K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0960% | 4h | 3.0040 | −0.133% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0088 | +0.028% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
edgeX NATGASUSDC
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD