Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.030%
Price spread now: Phemex against SunX−0.073%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1201.198% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.073%, 7d avg −0.067%
=The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX NATGAS-USDT | 3.0052 | 0 | get 0.0000% / 4h | 3h 05m | $2K | $2.6M | 20x |
| Short | Phemex NGUSDT | 3.0030 | 0.0100 | get 0.0050% / 4h | 3h 05m | $1.5M | $95K | 10x |
SunX NATGAS-USDT
Phemex NGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $21
- Price spread: −0.073% → −0.067%
- −$0.58
- Slippage, 4 orders
- −$99.78
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$99.36
- Costs to cover
- 1.198%
- Break-even
- 40.1 days
Slippage from SunX: live order book, 2 min ago; Phemex: live order book, 3 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, 2 min ago | 19.13 bp | 23.5 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.66 bp | 31.6 bp −$32 | doesn't fit | 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 | 2.8381 | −5.560% | — | — | — | as long as short |
| SunX NATGAS-USDTlong | 0.0000% | 4h | 3.0052 | long leg | $2K | $2.6M | 20x | |
| QFEX NATGAS-USD | +0.0015% | 1h | 3.0020 | −0.106% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0029 | −0.077% | $617K | $414K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0014 | −0.127% | $110K | $451K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.073% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0016 | −0.120% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0020 | −0.106% | $84K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0034 | −0.059% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0026 | −0.088% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0030 | −0.073% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.173% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.173% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTshort | +0.0100% | 4h | 3.0030 | −0.073% | $1.5M | $95K | 10x | |
| Aster NATGASUSDT | +0.0100% | 4h | 3.0030 | −0.073% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0195% | 4h | 3.0050 | −0.007% | $98K | $211K | 75x | as long as short |
| Variational Omni NATGAS | +0.0200% | 4h | 3.0029 | −0.075% | $312K | $443K | — | as long as short |
| Hotstuff NATGAS-PERP | +0.0208% | 1h | 3.0026 | −0.087% | $35K | — | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0259% | 8h | 3.0020 | −0.106% | $863K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0268% | 8h | 2.9990 | −0.206% | $81K | $189K | 20x | as long as short |
| edgeX NATGASUSDC | +0.0271% | 4h | 3.0030 | −0.073% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0280% | 4h | 3.0030 | −0.073% | $10.1M | $29.2M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0298% | 4h | 3.0020 | −0.106% | $25K | $200K | 25x | as long as short |
| Gate NG_USDT | +0.0375% | 8h | 3.0040 | −0.040% | $1.5M | $256K | 100x | as long as short |
| Bitget NATGASUSDT | +0.0400% | 4h | 3.0010 | −0.140% | $9.9M | $3.5M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0413% / S −0.0350% | 1h | 3.0035 | −0.057% | $92K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1001% | 1h | 3.0042 | −0.033% | $52K | $36K | 20x | as long as short |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
Hotstuff NATGAS-PERP
OKX NG-USDT-SWAP
BloFin NG-USDT
edgeX NATGASUSDC
Binance NATGASUSDT
GRVT NATGAS_USDT_Perp
Gate NG_USDT
Bitget NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD