Funding you earn now, next payment 08:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h +0.072%
Price spread now: Gate against ApeX Omni+0.200%81s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as 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−$1451.450% of the position
Funding, last 7 days+0.316%+$32 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.200%, 7d avg +0.035%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Gate is 0.165% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.035%. The two prices were read 81 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 0.316% in total (about 16.5% 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 | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | pay 0.0013% / 1h | 6m 01s | $37K | $215K | 50x |
| Short | Gate NG_USDT | 3.0060 | 0.0570 | get 0.0570% / 8h | 6m 01s | $1.5M | $197K | 100x |
ApeX Omni NATGASUSDT
Gate NG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against ApeX Omni. 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
- $98.7
- Price spread: +0.200% → +0.035%
- $16.51
- Slippage, 4 orders
- −$119.97
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$29.76
- Costs to cover
- 1.450%
- Break-even
- 9.1 days
Slippage from ApeX Omni: live order book, 30 min ago; Gate: live order book, 1 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 ApeX Omni live order book, 30 min ago | 16.64 bp | 52.2 bp −$52 | 264.1 bp −$2,641 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.66 bp | 15.4 bp −$15 | 52.1 bp −$521 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0032% | 1h | 3.0040 | +0.133% | $35K | — | 20x | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.173% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0078 | +0.260% | $119K | $221K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0030 | +0.100% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0036 | +0.120% | $631K | $495K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0027 | +0.089% | $109K | $273K | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0044% | 4h | 3.0005 | +0.018% | $15K | $222K | 25x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.100% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0032 | +0.107% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0003 | +0.010% | $82K | $26K | 10x | as long as short |
Hotstuff NATGAS-PERP
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
GRVT NATGAS_USDT_Perp
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0043 | +0.144% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0014 | +0.047% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDTlong | +0.0100% | 1h | 3.0000 | long leg | $37K | $215K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.100% | $1.5M | $90K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0140% | 4h | 3.0020 | +0.067% | $1.0M | $864K | 20x | as long as short |
| Aster NATGASUSDT | +0.0149% | 4h | 3.0040 | +0.133% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGAS | +0.0349% | 4h | 3.0011 | +0.037% | $318K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0363% | 4h | 3.0030 | +0.100% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0385% | 4h | 3.0011 | +0.037% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDT | +0.0536% | 8h | 3.0000 | 0.000% | $80K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0551% | 8h | 3.0020 | +0.067% | $802K | $1.9M | 50x | as long as short |
| Gate NG_USDTshort | +0.0570% | 8h | 3.0060 | +0.200% | $1.5M | $197K | 100x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0591% / S −0.0607% | 1h | 3.0035 | +0.117% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0826% | 4h | 3.0010 | +0.033% | $9.9M | $3.0M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0050 | +0.166% | $56K | $35K | 20x | as long as short |
Paradex NG-USD-PERP
Pacifica NATGAS
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD