Funding you earn now, next payment 06:00 UTC+0.0260%/8h= +28.4% APRpaid last 24h +0.030%
Price spread now: GRVT against tradeXYZ−0.042%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.042%, 7d avg +0.048%
=Together, before fees+0.082%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.091% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.048%). If the spread goes back, that is −$9 on $10k: about 28 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.025% in total) that is about 25 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% 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 | 3.0058 | 0.0130 | pay 0.0016% / 1h | 45m 40s | $6.0M | $5.6M | 10x |
| Short | GRVT NATGAS_USDT_Perp | 3.0045 | 0.0390 | get 0.0195% / 4h | 2h 45m | $13K | $224K | 25x |
tradeXYZ xyz:NATGAS
GRVT NATGAS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $54.54
- Price spread: −0.042% → +0.048%
- −$9.07
- Slippage, 4 orders
- −$17.84
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $0.62
- Costs to cover
- 0.448%
- Break-even
- 6.9 days
Slippage from tradeXYZ: live order book, 3 min ago; GRVT: live order book, 2 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, 3 min ago | 0.33 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 1.66 bp | 6.2 bp −$6 | 27.1 bp −$271 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.047% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0052 | −0.020% | $629K | $503K | 10x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0050 | −0.027% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.027% | — | $14K | 10x | as long as short |
| Extended XNG-USD | +0.0048% | 1h | 3.0051 | −0.025% | $110K | $364K | 5x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0042 | −0.053% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0080% | 8h | 3.0076 | +0.059% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0062 | +0.013% | $35K | — | 20x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0034 | −0.080% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.193% | $37K | $218K | 50x | as long as short |
SunX NATGAS-USDT
Lighter NATGAS
QFEX NATGAS-USD
Vest NG-PERP
Extended XNG-USD
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Hotstuff NATGAS-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.193% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | +0.007% | $1.5M | $92K | 10x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0130% | 1h | 3.0058 | long leg | $6.0M | $5.6M | 10x | |
| HTX NATGAS-USDT | +0.0375% | 4h | 3.0071 | +0.043% | $107K | $212K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0380% | 4h | 3.0050 | −0.027% | $1.0M | $974K | 20x | as long as short |
| GRVT NATGAS_USDT_Perpshort | +0.0390% | 4h | 3.0045 | −0.042% | $13K | $224K | 25x | |
| Aster NATGASUSDT | +0.0429% | 4h | 3.0055 | −0.010% | $264K | $74K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0503% / S −0.0448% | 1h | 3.0055 | −0.010% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0578% | 8h | 3.0100 | +0.140% | $1.5M | $193K | 100x | as long as short |
| Variational Omni NATGAS | +0.0637% | 4h | 3.0050 | −0.027% | $317K | $449K | — | as long as short |
| BloFin NG-USDT | +0.0643% | 8h | 3.0050 | −0.027% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0643% | 8h | 3.0060 | +0.007% | $869K | $1.7M | 50x | as long as short |
| Binance NATGASUSDT | +0.0662% | 4h | 3.0060 | +0.007% | $10.3M | $28.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0682% | 4h | 3.0050 | −0.027% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1030% | 4h | 3.0030 | −0.093% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1182% | 1h | 3.0059 | +0.003% | $56K | $35K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
Variational Omni NATGAS
BloFin NG-USDT
OKX NG-USDT-SWAP
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD