Funding you earn now, next payment 05:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.004%
Price spread now: ApeX Omni against tradeXYZ−0.050%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1331.333% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.050%, 7d avg +0.039%
=Together, before fees+0.116%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.089% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.039%). If the spread goes back, that is −$9 on $10k: about 8.1 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NATGAS | 3.0015 | 0.0063 | pay 0.0008% / 1h | 36m 59s | $6.0M | $5.7M | 10x |
| Short | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | get 0.0013% / 1h | 36m 59s | $37K | $218K | 50x |
tradeXYZ xyz:NATGAS
ApeX Omni NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against tradeXYZ. 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
- $7.68
- Price spread: −0.050% → +0.039%
- −$8.85
- Slippage, 4 orders
- −$105.26
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$134.44
- Costs to cover
- 1.333%
- Break-even
- 129.5 days
Slippage from tradeXYZ: live order book, 1 min ago; ApeX Omni: live order book, 14 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 tradeXYZ live order book, 1 min ago | 0.50 bp | 9.8 bp −$10 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 14 min ago | 16.64 bp | 52.0 bp −$52 | 272.2 bp −$2,722 | 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 | 2.8404 | −5.367% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.090% | $2K | $2.4M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 3.0009 | −0.020% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0020 | +0.017% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0002 | −0.043% | $626K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0001 | −0.047% | $110K | $386K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.017% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9999 | −0.053% | $82K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0063% | 1h | 3.0015 | long leg | $6.0M | $5.7M | 10x | |
| Paradex NG-USD-PERP | +0.0073% | 8h | 3.0024 | +0.028% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9991 | −0.080% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDTshort | +0.0100% | 1h | 3.0000 | −0.050% | $37K | $218K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.050% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.017% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0328% | 4h | 3.0010 | −0.017% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0376% | 4h | 3.0041 | +0.086% | $263K | $74K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0397% | 4h | 3.0055 | +0.133% | $107K | $213K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0444% | 4h | 3.0019 | +0.015% | $12K | $230K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0473% / S −0.0415% | 1h | 3.0025 | +0.033% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0531% | 8h | 3.0050 | +0.117% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDT | +0.0547% | 8h | 3.0040 | +0.083% | $81K | $194K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0560% | 8h | 3.0010 | −0.017% | $861K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0576% | 4h | 3.0020 | +0.016% | $316K | $449K | — | as long as short |
| edgeX NATGASUSDC | +0.0598% | 4h | 3.0012 | −0.009% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0598% | 4h | 3.0026 | +0.038% | $10.2M | $28.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0856% | 1h | 3.0038 | +0.077% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0978% | 4h | 2.9990 | −0.083% | $9.9M | $3.2M | 100x | as long as short |
Pacifica NATGAS
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT