Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h −0.004%
Price spread now: tradeXYZ against Phemex−0.033%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$940.937% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.033%, 7d avg −0.037%
=Together, before fees−0.076%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0060 | 0.0100 | pay 0.0050% / 4h | 34m 38s | $1.5M | $94K | 10x |
| Short | tradeXYZ xyz:NATGAS | 3.0050 | 0.0114 | get 0.0014% / 1h | 34m 38s | $6.0M | $5.9M | 10x |
Phemex NGUSDT
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.02
- Price spread: −0.033% → −0.037%
- $0.42
- Slippage, 4 orders
- −$63.73
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$90.3
- Costs to cover
- 0.937%
- Break-even
- 216.4 days
Slippage from Phemex: live order book, 3 min ago; tradeXYZ: 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, 3 min ago | 3.33 bp | 34.0 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.50 bp | 11.3 bp −$11 | 15.4 bp −$154 | 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 | 2.8470 | −5.289% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.040% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | −0.067% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0046 | −0.047% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0038 | −0.074% | $110K | $432K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0053 | −0.023% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0040 | −0.067% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0056 | −0.014% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | −0.050% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
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
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 | −0.200% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.200% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 3.0060 | long leg | $1.5M | $94K | 10x | |
| tradeXYZ xyz:NATGASshort | +0.0114% | 1h | 3.0050 | −0.033% | $6.0M | $5.9M | 10x | |
| HTX NATGAS-USDT | +0.0215% | 4h | 3.0076 | +0.053% | $105K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0348% | 4h | 3.0041 | −0.063% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0370% | 4h | 3.0040 | −0.067% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0407% | 4h | 3.0043 | −0.058% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0453% / S −0.0392% | 1h | 3.0055 | −0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0458% | 8h | 3.0080 | +0.067% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0487% | 8h | 3.0050 | −0.033% | $855K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0510% | 8h | 3.0050 | −0.033% | $80K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0601% | 4h | 3.0050 | −0.034% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0623% | 4h | 3.0051 | −0.031% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0624% | 4h | 3.0050 | −0.033% | $10.2M | $28.6M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0067 | +0.024% | $54K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1004% | 4h | 3.0020 | −0.133% | $9.9M | $3.3M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT