Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.025%
Price spread now: SunX against tradeXYZ+0.157%7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.157%, 7d avg +0.105%
=Together, before fees−0.191%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.051% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of +0.105%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NATGAS | 3.0015 | 0.0050 | pay 0.0006% / 1h | 59m 02s | $5.9M | $5.9M | 10x |
| Short | SunX NATGAS-USDT | 3.0062 | 0 | get 0.0000% / 4h | 2h 59m | $2K | $2.6M | 20x |
tradeXYZ xyz:NATGAS
SunX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$10.5
- Price spread: +0.157% → +0.105%
- $5.15
- Slippage, 4 orders
- −$51.16
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$82.51
- Costs to cover
- 0.772%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; SunX: live order book, 8 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, 9 min ago | 0.50 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 19.13 bp | 31.8 bp −$32 | doesn't fit | 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 | −5.394% | — | — | — | as long as short |
| SunX NATGAS-USDTshort | 0.0000% | 4h | 3.0062 | +0.157% | $2K | $2.6M | 20x | |
| QFEX NATGAS-USD | +0.0015% | 1h | 3.0030 | +0.050% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0036 | +0.070% | $617K | $424K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0009 | −0.021% | $110K | $451K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.050% | — | $378 | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 3.0021 | +0.020% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0050% | 1h | 3.0015 | long leg | $5.9M | $5.9M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0047 | +0.107% | $84K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0037 | +0.073% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Hotstuff NATGAS-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 | 3.0028 | +0.045% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0010 | −0.017% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.050% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.050% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.050% | $1.5M | $94K | 10x | as long as short |
| Aster NATGASUSDT | +0.0113% | 4h | 3.0030 | +0.050% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0209% | 4h | 3.0063 | +0.160% | $98K | $211K | 75x | as long as short |
| Variational Omni NATGAS | +0.0215% | 4h | 3.0030 | +0.049% | $312K | $443K | — | as long as short |
| BloFin NG-USDT | +0.0242% | 8h | 2.9990 | −0.083% | $81K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0274% | 8h | 3.0020 | +0.017% | $865K | $1.7M | 50x | as long as short |
| Binance NATGASUSDT | +0.0298% | 4h | 3.0026 | +0.036% | $10.1M | $29.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0304% | 4h | 3.0030 | +0.050% | $85K | $213K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0338% | 4h | 3.0024 | +0.029% | $25K | $200K | 25x | as long as short |
| Gate NG_USDT | +0.0393% | 8h | 3.0050 | +0.117% | $1.5M | $217K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0415% / S −0.0351% | 1h | 3.0045 | +0.100% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0436% | 4h | 2.9990 | −0.083% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0055 | +0.133% | $52K | $36K | 20x | as long as short |
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
BloFin NG-USDT
OKX NG-USDT-SWAP
Binance NATGASUSDT
edgeX NATGASUSDC
GRVT NATGAS_USDT_Perp
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD