Funding you earn now, next payment 03:00 UTC−0.0489%/8h= −53.5% APRpaid last 24h −0.085%
Price spread now: ApeX Omni against Binance−0.067%59s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as 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−$1541.545% of the position
Funding, last 7 days−0.125%−$12 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.067%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and ApeX Omni is 0.041% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.026%). Swap the legs. The two prices were read 59 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 -0.125% in total (about -6.5% 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 | Binance NATGASUSDT | 3.0020 | 0.0589 | pay 0.0294% / 4h | 1h 24m | $10.2M | $28.9M | 100x |
| Short | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | get 0.0013% / 1h | 24m 31s | $37K | $216K | 50x |
Binance NATGASUSDT
ApeX Omni NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Binance. 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
- −$102.63
- Price spread: −0.067% → −0.026%
- −$4.06
- Slippage, 4 orders
- −$134.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$261.17
- Costs to cover
- 1.545%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; ApeX Omni: live order book, 37 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 Binance live order book, 2 min ago | 1.66 bp | 6.7 bp −$7 | 9.8 bp −$98 | 41.2 bp −$4,125 | 132.3 bp −$66.1K |
| Sell ApeX Omni live order book, 37 min ago | 33.33 bp | 68.0 bp −$68 | 270.1 bp −$2,701 | 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 | 3.0041 | +0.070% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | −0.033% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0020 | 0.000% | $619K | $494K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | 0.000% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0038 | +0.060% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0066% | 8h | 3.0026 | +0.021% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0014 | −0.020% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0097% | 1h | 3.0010 | −0.033% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0012 | −0.027% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDTshort | +0.0100% | 1h | 3.0000 | −0.067% | $37K | $216K | 50x |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow 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 | −0.067% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | 0.000% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0112% | 1h | 3.0001 | −0.062% | $110K | $444K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0251% | 4h | 3.0042 | +0.073% | $101K | $213K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0354% | 4h | 3.0010 | −0.033% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0375% | 4h | 3.0017 | −0.010% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0404% | 4h | 3.0027 | +0.022% | $12K | $214K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0434% / S −0.0372% | 1h | 3.0025 | +0.017% | $92K | — | 45x | as long as short |
| OKX NG-USDT-SWAP | +0.0435% | 8h | 3.0020 | 0.000% | $853K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0443% | 8h | 2.9990 | −0.100% | $81K | $188K | 20x | as long as short |
| Gate NG_USDT | +0.0446% | 8h | 3.0060 | +0.133% | $1.5M | $209K | 100x | as long as short |
| Variational Omni NATGAS | +0.0547% | 4h | 3.0019 | −0.004% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0579% | 4h | 3.0019 | −0.004% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDTlong | +0.0589% | 4h | 3.0020 | long leg | $10.2M | $28.9M | 100x | |
| Bitget NATGASUSDT | +0.0960% | 4h | 3.0000 | −0.067% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0032 | +0.041% | $53K | $34K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
OKX NG-USDT-SWAP
BloFin NG-USDT
Gate NG_USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD