Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h −0.005%
Price spread now: Extended against tradeXYZ−0.005%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.005%, 7d avg +0.031%
=Together, before fees+0.062%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.035% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.031%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.111%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NATGAS | 3.0023 | 0.0072 | pay 0.0009% / 1h | 10m 38s | $6.0M | $5.8M | 10x |
| Short | Extended XNG-USD | 3.0022 | 0.0032 | get 0.0004% / 1h | 10m 38s | $110K | $405K | 5x |
tradeXYZ xyz:NATGAS
Extended XNG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$8.34
- Price spread: −0.005% → +0.031%
- −$3.52
- Slippage, 4 orders
- −$6.61
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$41.46
- Costs to cover
- 0.296%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Extended: live order book, 47 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 | 0.67 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 47 min ago | 0.50 bp | 3.5 bp −$4 | 7.5 bp −$75 | 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 | 2.8449 | −5.243% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.097% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0020 | −0.010% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0021 | −0.007% | $619K | $494K | 10x | as long as short |
| Extended XNG-USDshort | +0.0032% | 1h | 3.0022 | −0.005% | $110K | $405K | 5x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.023% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0030 | +0.023% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0054% | 8h | 3.0041 | +0.059% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0072% | 1h | 3.0023 | long leg | $6.0M | $5.8M | 10x | |
| Pacifica NATGAS | +0.0100% | 1h | 3.0013 | −0.033% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.077% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.077% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.023% | $1.5M | $94K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0162% | 4h | 3.0037 | +0.047% | $105K | $211K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.0208% | 1h | 3.0040 | +0.057% | $35K | — | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0318% | 4h | 3.0058 | +0.117% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0320% | 4h | 3.0010 | −0.043% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0371% | 4h | 3.0023 | −0.001% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0459% / S −0.0399% | 1h | 3.0035 | +0.040% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0493% | 8h | 3.0060 | +0.123% | $1.5M | $194K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0513% | 8h | 3.0030 | +0.023% | $860K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0537% | 8h | 3.0040 | +0.057% | $81K | $192K | 20x | as long as short |
| Variational Omni NATGAS | +0.0574% | 4h | 3.0029 | +0.021% | $317K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0590% | 4h | 3.0020 | −0.010% | $10.2M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0622% | 4h | 3.0050 | +0.091% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0966% | 4h | 3.0000 | −0.077% | $9.9M | $3.3M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0994% | 1h | 3.0039 | +0.052% | $54K | $33K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
Hotstuff NATGAS-PERP
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD