Funding you earn now, next payment 05:00 UTC+0.0544%/8h= +59.5% APRpaid last 24h +0.105%
Price spread now: edgeX against tradeXYZ+0.013%46s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days+0.253%+$25 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.013%, 7d avg +0.044%
=Together, before fees+0.255%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.032% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.044%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.253% in total) that is about 21 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.253% in total (about 13.2% 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 | 3.0006 | 0.0056 | pay 0.0007% / 1h | 38m 36s | $6.0M | $5.7M | 10x |
| Short | edgeX NATGASUSDC | 3.0010 | 0.0600 | get 0.0300% / 4h | 3h 38m | $85K | $212K | 20x |
tradeXYZ xyz:NATGAS
edgeX NATGASUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $114.15
- Price spread: +0.013% → +0.044%
- −$3.19
- Slippage, 4 orders
- −$47.76
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $36.19
- Costs to cover
- 0.748%
- Break-even
- 4.8 days
Slippage from tradeXYZ: live order book, 10 min ago; edgeX: live order book, 13 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, 10 min ago | 0.17 bp | 9.2 bp −$9 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 13 min ago | 13.32 bp | 21.1 bp −$21 | 28.1 bp −$281 | 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 | 2.8396 | −5.366% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.087% | $2K | $2.4M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 3.0007 | +0.003% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0010 | +0.013% | $668K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0006 | 0.000% | $626K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.027% | $110K | $395K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.013% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9999 | −0.023% | $82K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0056% | 1h | 3.0006 | long leg | $6.0M | $5.7M | 10x | |
| Paradex NG-USD-PERP | +0.0074% | 8h | 3.0022 | +0.055% | $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 | 2.9989 | −0.057% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.020% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.020% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | +0.013% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0326% | 4h | 3.0010 | +0.013% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0374% | 4h | 3.0038 | +0.107% | $263K | $74K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0386% | 4h | 3.0055 | +0.163% | $107K | $213K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0468% | 4h | 3.0020 | +0.047% | $12K | $230K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0472% / S −0.0414% | 1h | 3.0015 | +0.030% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0530% | 8h | 3.0050 | +0.147% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDT | +0.0538% | 8h | 3.0020 | +0.047% | $81K | $193K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0558% | 8h | 3.0010 | +0.013% | $863K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0576% | 4h | 3.0020 | +0.046% | $316K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0597% | 4h | 3.0021 | +0.049% | $10.2M | $28.4M | 100x | as long as short |
| edgeX NATGASUSDCshort | +0.0600% | 4h | 3.0010 | +0.013% | $85K | $212K | 20x | |
| Kraken Futures PF_NATGASUSD | +0.0856% | 1h | 3.0032 | +0.086% | $55K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0976% | 4h | 2.9990 | −0.053% | $9.9M | $3.2M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
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
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT