Funding you earn now, next payment 05:00 UTC−0.0566%/8h= −62.0% APRpaid last 24h −0.107%
Price spread now: Extended against Binance−0.062%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.062%, 7d avg −0.028%
=Together, before fees+0.043%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Extended is 0.034% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.119% in total (about -6.2% 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 | 3.0022 | 0.0598 | pay 0.0299% / 4h | 3h 40m | $10.2M | $28.4M | 100x |
| Short | Extended XNG-USD | 3.0004 | 0.0032 | get 0.0004% / 1h | 40m 48s | $110K | $395K | 5x |
Binance NATGASUSDT
Extended XNG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$118.9
- Price spread: −0.062% → −0.028%
- −$3.4
- Slippage, 4 orders
- −$5.57
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$142.87
- Costs to cover
- 0.206%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; Extended: live order book, 12 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, 16 min ago | 1.66 bp | 6.7 bp −$7 | 12.4 bp −$124 | 39.4 bp −$3,938 | 136.6 bp −$68.3K |
| Sell Extended live order book, 12 min ago | 0.33 bp | 3.5 bp −$3 | 8.6 bp −$86 | 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 | 2.8414 | −5.357% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0031 | +0.028% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0020 | −0.008% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0014 | −0.028% | $626K | $501K | 10x | as long as short |
| Extended XNG-USDshort | +0.0032% | 1h | 3.0004 | −0.062% | $110K | $395K | 5x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.041% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9999 | −0.078% | $82K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0057% | 1h | 3.0009 | −0.045% | $6.0M | $5.7M | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0072% | 1h | 3.0002 | −0.068% | $35K | — | 20x | as long as short |
| Paradex NG-USD-PERP | +0.0075% | 8h | 3.0027 | +0.016% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Hotstuff NATGAS-PERP
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 | 2.9985 | −0.125% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.075% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.075% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.008% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0326% | 4h | 3.0010 | −0.041% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0374% | 4h | 3.0044 | +0.070% | $264K | $74K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0403% | 4h | 3.0054 | +0.105% | $107K | $214K | 75x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0472% / S −0.0414% | 1h | 3.0025 | +0.008% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0531% | 8h | 3.0050 | +0.092% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0557% | 8h | 3.0010 | −0.041% | $861K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0576% | 4h | 3.0020 | −0.009% | $316K | $449K | — | as long as short |
| BloFin NG-USDT | +0.0580% | 8h | 2.9990 | −0.108% | $81K | $191K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0596% | 4h | 3.0017 | −0.018% | $12K | $230K | 25x | as long as short |
| Binance NATGASUSDTlong | +0.0598% | 4h | 3.0022 | long leg | $10.2M | $28.4M | 100x | |
| edgeX NATGASUSDC | +0.0617% | 4h | 3.0012 | −0.035% | $85K | $211K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0856% | 1h | 3.0040 | +0.059% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0978% | 4h | 2.9990 | −0.108% | $9.9M | $3.2M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
BloFin NG-USDT
GRVT NATGAS_USDT_Perp
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT