Funding you earn now, next payment 03:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.089%
Price spread now: Binance against tradeXYZ+0.027%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 2 days (all we have)+0.012%+$1 · spread now +0.027%, 7d avg +0.016%
=Together, before fees+0.214%+ Points / potential airdroptradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment. 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 | tradeXYZ xyz:NATGAS | 3.0009 | 0.0092 | pay 0.0011% / 1h | 51m 02s | $5.9M | $5.9M | 10x |
| Short | Binance NATGASUSDT | 3.0017 | 0.0502 | get 0.0251% / 4h | 1h 51m | $10.2M | $28.9M | 100x |
tradeXYZ xyz:NATGAS
Binance NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $86.13
- Price spread: +0.027% → +0.016%
- $1.09
- Slippage, 4 orders
- −$7.56
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $51.66
- Costs to cover
- 0.356%
- Break-even
- 2.8 days
Slippage from tradeXYZ: live order book, 7 min ago; Binance: live order book, 5 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, 7 min ago | 0.17 bp | 11.6 bp −$12 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.67 bp | 6.7 bp −$7 | 10.9 bp −$109 | 37.1 bp −$3,707 | 131.5 bp −$65.7K |
NATGAS on 26 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 | 2.8385 | −5.412% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.077% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | +0.003% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0021 | +0.040% | $619K | $445K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0001 | −0.027% | $110K | $442K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.003% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0031 | +0.073% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0020 | +0.038% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0072% | 1h | 3.0010 | +0.003% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0092% | 1h | 3.0009 | long leg | $5.9M | $5.9M | 10x |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Hotstuff NATGAS-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9998 | −0.037% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.030% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.030% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.037% | $1.5M | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0218% | 4h | 3.0029 | +0.067% | $98K | $211K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0266% | 4h | 3.0010 | +0.003% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0283% | 4h | 3.0007 | −0.007% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0370% | 4h | 3.0010 | +0.003% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0384% | 8h | 3.0020 | +0.037% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0408% | 8h | 3.0040 | +0.103% | $1.5M | $208K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0427% / S −0.0364% | 1h | 3.0015 | +0.020% | $92K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0459% | 4h | 3.0009 | 0.000% | $311K | $444K | — | as long as short |
| Binance NATGASUSDTshort | +0.0502% | 4h | 3.0017 | +0.027% | $10.2M | $28.9M | 100x | |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0010 | +0.003% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0816% | 4h | 3.0000 | −0.030% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0023 | +0.047% | $53K | $36K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD