Funding you earn now, next payment 04:00 UTC+0.0484%/8h= +53.0% APRnext payment +$2.42 per $10,000 · paid last 24h +0.015%
Price spread now: GRVT against SunX−0.110%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$650.655% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.110%, 7d avg −0.059%
=Together, before fees+0.147%+ Points / potential airdropGRVT: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.051% cheaper against SunX than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.059%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.116% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.42 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 | 3.0002 | 0 | get 0.0000% / 4h | 3h 53m | $2K | $2.6M | 20x |
| Short | GRVT NATGAS_USDT_Perp | 2.9969 | 0.0484 | get 0.0242% / 4h | 3h 53m | $25K | $241K | 25x |
SunX NATGAS-USDT
GRVT NATGAS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $101.64
- Price spread: −0.110% → −0.059%
- −$5.08
- Slippage, 4 orders
- −$48.45
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $31.11
- Costs to cover
- 0.655%
- Break-even
- 4.9 days
Slippage from SunX: live order book, 4 min ago; GRVT: live order book, 19 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, 4 min ago | 15.00 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 19 min ago | 1.67 bp | 6.2 bp −$6 | 23.6 bp −$236 | 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 | 2.8339 | −5.543% | — | — | — | as long as short |
| SunX NATGAS-USDTlong | 0.0000% | 4h | 3.0002 | long leg | $2K | $2.6M | 20x | |
| QFEX NATGAS-USD | +0.0015% | 1h | 2.9970 | −0.107% | $658K | $86K | 20x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9966 | −0.120% | $110K | $453K | 5x | as long as short |
| Aster NATGASUSDT | +0.0033% | 4h | 2.9960 | −0.140% | $265K | $73K | 50x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9970 | −0.107% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9972 | −0.100% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9993 | −0.030% | $84K | $42K | 10x | as long as short |
| Lighter NATGAS | +0.0056% | 1h | 2.9995 | −0.023% | $617K | $412K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0060% | 8h | 2.9990 | −0.041% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
QFEX NATGAS-USD
Extended XNG-USD
Aster NATGASUSDT
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Lighter NATGAS
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NATGAS | +0.0061% | 4h | 2.9971 | −0.103% | $311K | $443K | — | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9975 | −0.090% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9970 | −0.107% | $1.0M | $1.2M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.340% | $36K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.007% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9980 | −0.073% | $1.5M | $95K | 10x | as long as short |
| BloFin NG-USDT | +0.0127% | 8h | 2.9970 | −0.107% | $80K | $189K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0128% | 1h | 2.9975 | −0.090% | $35K | — | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0142% | 8h | 2.9970 | −0.107% | $857K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0169% | 4h | 2.9971 | −0.104% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDT | +0.0173% | 4h | 2.9980 | −0.073% | $10.1M | $29.7M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0196% | 4h | 2.9950 | −0.173% | $10.0M | $3.5M | 100x | as long as short |
| HTX NATGAS-USDT | +0.0247% | 4h | 3.0000 | −0.007% | $98K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0259% | 8h | 2.9990 | −0.040% | $1.5M | $254K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0406% / S −0.0333% | 1h | 2.9985 | −0.057% | $93K | — | 45x | as long as short |
| GRVT NATGAS_USDT_Perpshort | +0.0484% | 4h | 2.9969 | −0.110% | $25K | $241K | 25x | |
| Kraken Futures PF_NATGASUSD | +0.1002% | 1h | 2.9991 | −0.037% | $52K | $39K | 20x | as long as short |
Variational Omni NATGAS
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
BloFin NG-USDT
Hotstuff NATGAS-PERP
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
HTX NATGAS-USDT
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD