Funding you earn now, next payment 04:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.024%
Price spread now: BloFin against Binance+0.048%101s7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as 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−$310.312% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.048%, 7d avg −0.061%
=The price spread pays, funding is against you. BloFin is 0.109% dearer against Binance than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.061%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 3.0026 | 0.0583 | pay 0.0292% / 4h | 7m 29s | $10.2M | $28.5M | 100x |
| Short | BloFin NG-USDT | 3.0040 | 0.0500 | get 0.0500% / 8h | 4h 07m | $81K | $192K | 20x |
Binance NATGASUSDT
BloFin NG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$17.58
- Price spread: +0.048% → −0.061%
- $10.87
- Slippage, 4 orders
- −$9.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$37.89
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 23 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, 4 min ago | 1.66 bp | 6.7 bp −$7 | 10.5 bp −$105 | 45.4 bp −$4,541 | 154.1 bp −$77.0K |
| Sell BloFin live order book, 23 min ago | 1.66 bp | 10.2 bp −$10 | 16.0 bp −$160 | 71.3 bp −$7,129 | 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 | 3.0052 | +0.088% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0020 | −0.019% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0026 | +0.001% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0018 | −0.027% | $110K | $404K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.015% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0015 | −0.035% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0038 | +0.042% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0064% | 1h | 3.0020 | −0.019% | $6.0M | $5.7M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0004 | −0.072% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.085% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
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 | −0.085% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.015% | $1.5M | $93K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0152% | 1h | 3.0033 | +0.025% | $35K | — | 20x | as long as short |
| HTX NATGAS-USDT | +0.0161% | 4h | 3.0055 | +0.098% | $105K | $211K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0306% | 4h | 3.0030 | +0.016% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0322% | 4h | 3.0020 | −0.019% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0364% | 4h | 3.0020 | −0.019% | $265K | $72K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0459% / S −0.0400% | 1h | 3.0035 | +0.031% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0498% | 8h | 3.0070 | +0.148% | $1.5M | $194K | 100x | as long as short |
| BloFin NG-USDTshort | +0.0500% | 8h | 3.0040 | +0.048% | $81K | $192K | 20x | |
| OKX NG-USDT-SWAP | +0.0516% | 8h | 3.0030 | +0.015% | $861K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0574% | 4h | 3.0029 | +0.013% | $317K | $449K | — | as long as short |
| Binance NATGASUSDTlong | +0.0583% | 4h | 3.0026 | long leg | $10.2M | $28.5M | 100x | |
| edgeX NATGASUSDC | +0.0606% | 4h | 3.0030 | +0.016% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0968% | 4h | 3.0000 | −0.085% | $9.9M | $3.3M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0994% | 1h | 3.0041 | +0.051% | $54K | $33K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD