Funding you earn now, next payment 07:00 UTC+0.0544%/8h= +59.6% APRpaid last 24h +0.158%
Price spread now: GMX against SunX−0.123%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 pays, the price is against you. GMX is 0.123% cheaper against SunX than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 18 hours of funding at the current rate (+$16 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX NATGAS-USDT | 3.0112 | 0 | get 0.0000% / 4h | 1h 49m | $2K | $2.4M | 20x |
| Short | GMX NATGAS/USD [ETH-USDC] | 3.0075 | L +0.0540% / S −0.0544% | get 0.0068% / 1h | 49m 25s | $88K | — | 45x |
SunX NATGAS-USDT
GMX NATGAS/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $114.21
- Price spread: −0.123% → 0.000%
- −$12.29
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $81.92
- Costs to cover
- 0.200%
- Break-even
- 2.0 days
Slippage unknown: SunX: live order book, 7 min ago; GMX: 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 SunX live order book, 7 min ago | 15.11 bp | 19.5 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | 2.8460 | −5.486% | — | — | — | as long as short |
| SunX NATGAS-USDTlong | 0.0000% | 4h | 3.0112 | long leg | $2K | $2.4M | 20x | |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0070 | −0.139% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0069 | −0.143% | $629K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0066 | −0.153% | $110K | $332K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0036% | 4h | 3.0087 | −0.083% | $107K | $209K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.139% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0101 | −0.037% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0058% | 8h | 3.0090 | −0.074% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0067% | 1h | 3.0072 | −0.133% | $6.0M | $5.5M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
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 | 3.0050 | −0.206% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | −0.040% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.372% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0090 | −0.073% | $1.5M | $93K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0112% | 1h | 3.0073 | −0.130% | $35K | — | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0128% | 4h | 3.0094 | −0.059% | $22K | $210K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0282% | 4h | 3.0060 | −0.173% | $1.0M | $936K | 20x | as long as short |
| Aster NATGASUSDT | +0.0300% | 4h | 3.0094 | −0.060% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0521% | 4h | 3.0090 | −0.073% | $318K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0540% | 4h | 3.0070 | −0.139% | $10.3M | $28.5M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | L +0.0540% / S −0.0544% | 1h | 3.0075 | −0.123% | $88K | — | 45x | |
| edgeX NATGASUSDC | +0.0555% | 4h | 3.0087 | −0.083% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0628% | 8h | 3.0110 | −0.007% | $1.5M | $195K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0652% | 8h | 3.0060 | −0.173% | $872K | $1.8M | 50x | as long as short |
| BloFin NG-USDT | +0.0663% | 8h | 3.0070 | −0.139% | $82K | $195K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0966% | 4h | 3.0050 | −0.206% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0110 | −0.007% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD