Funding you earn now, next payment 08:00 UTC+0.0291%/8h= +31.8% APRnext payment +$1.45 per $10,000 · paid last 24h +0.086%
Price spread now: Aster against SunX+0.215%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$1031.030% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 4 days (all we have)−0.275%−$27 · spread now +0.215%, 7d avg −0.050%
=Together, before fees−0.105%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aster is 0.265% dearer against SunX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.050%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.170% in total (about 8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.45 per $10,000. 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 | SunX NATGAS-USDT | 3.0028 | 0 | get 0.0000% / 4h | 1h 31m | $2K | $2.4M | 20x |
| Short | Aster NATGASUSDT | 3.0093 | 0.0291 | get 0.0145% / 4h | 1h 31m | $265K | $70K | 50x |
SunX NATGAS-USDT
Aster NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against SunX. 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
- $61.02
- Price spread: +0.215% → −0.050%
- $26.54
- Slippage, 4 orders
- −$87.04
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$15.48
- Costs to cover
- 1.030%
- Break-even
- 8.8 days
Slippage from SunX: live order book, 5 min ago; Aster: live order book, 10 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 SunX live order book, 5 min ago | 15.13 bp | 19.5 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 10 min ago | 8.31 bp | 15.4 bp −$15 | 17.2 bp −$172 | 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 | 2.8454 | −5.242% | — | — | — | as long as short |
| SunX NATGAS-USDTlong | 0.0000% | 4h | 3.0028 | long leg | $2K | $2.4M | 20x | |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0060 | +0.107% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0066 | +0.127% | $629K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0062 | +0.115% | $111K | $281K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | +0.140% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0034 | +0.020% | $83K | $26K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0053% | 4h | 3.0085 | +0.190% | $107K | $205K | 75x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0083 | +0.182% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0064% | 1h | 3.0068 | +0.133% | $35K | — | 20x | as long as short |
gTrade (Gains Network) NATGAS/USD
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
HTX NATGAS-USDT
Paradex NG-USD-PERP
Hotstuff NATGAS-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NATGAS | +0.0064% | 1h | 3.0067 | +0.130% | $6.0M | $5.5M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0051 | +0.077% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.093% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | +0.240% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | +0.140% | $1.5M | $93K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0140% | 4h | 3.0060 | +0.107% | $22K | $210K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0276% | 4h | 3.0050 | +0.073% | $1.0M | $922K | 20x | as long as short |
| Aster NATGASUSDTshort | +0.0291% | 4h | 3.0093 | +0.215% | $265K | $70K | 50x | |
| Variational Omni NATGAS | +0.0509% | 4h | 3.0060 | +0.106% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0535% | 4h | 3.0076 | +0.161% | $10.3M | $28.6M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0549% / S −0.0554% | 1h | 3.0075 | +0.157% | $88K | — | 45x | as long as short |
| edgeX NATGASUSDC | +0.0552% | 4h | 3.0070 | +0.139% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0632% | 8h | 3.0090 | +0.206% | $1.5M | $196K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0658% | 8h | 3.0060 | +0.107% | $876K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0661% | 8h | 3.0060 | +0.107% | $83K | $195K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0962% | 4h | 3.0040 | +0.040% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0086 | +0.194% | $56K | $35K | 20x | as long as short |
tradeXYZ xyz:NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Variational Omni NATGAS
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
edgeX NATGASUSDC
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD