NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0370%/8h= −40.5% APRnext payment −$1.85 per $10,000 · paid last 24h −0.115%

Price spread now: Binance against Bitget+0.182%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.822%−$82 on $10k

Price spread, last 7 days−0.160%−$16 · spread now +0.182%, 7d avg +0.047%

Together, before fees−0.982%−$98 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.135% dearer against Bitget than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of +0.047%): +$13 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NATGASUSDT	3.0010	0.1018	pay 0.0509% / 4h	3h 15m	$9.9M	$3.2M	100x
Short	Binance NATGASUSDT	3.0065	0.0648	get 0.0324% / 4h	3h 15m	$10.3M	$28.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now +0.182%Rate

Funding earned: −$77.63
Price spread: +0.182% → +0.047%: $13.49
Slippage, 4 orders: −$12.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$98.31
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 11 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 Bitget live order book, 3 min ago	1.67 bp	10.3 bp −$10	22.0 bp −$220	61.8 bp −$6,176	doesn't fit
Sell Binance live order book, 11 min ago	1.66 bp	6.7 bp −$7	11.1 bp −$111	37.7 bp −$3,772	128.8 bp −$64.4K

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	2.8451	−5.195%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0082	+0.240%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0050	+0.133%	$659K	$96K	20x	as long as short
Hotstuff NATGAS-PERP	+0.0024%	1h	3.0057	+0.157%	$35K	—	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0050	+0.133%	$629K	$503K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	+0.133%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0047	+0.123%	$83K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0089%	8h	3.0086	+0.254%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0091%	1h	3.0048	+0.127%	$6.0M	$5.7M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0052	+0.140%	$68K	$33K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.033%	$37K	$218K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.033%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0070	+0.200%	$1.5M	$92K	10x	as long as short
Extended XNG-USD	+0.0192%	1h	3.0037	+0.091%	$110K	$365K	5x	as long as short
KuCoin NATGASUSDTM	+0.0364%	4h	3.0020	+0.033%	$1.0M	$989K	20x	as long as short
Aster NATGASUSDT	+0.0417%	4h	3.0060	+0.167%	$264K	$74K	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0474%	4h	3.0050	+0.134%	$13K	$223K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0486% / S −0.0429%	1h	3.0065	+0.183%	$92K	—	45x	as long as short
HTX NATGAS-USDT	+0.0541%	4h	3.0079	+0.230%	$106K	$211K	75x	as long as short
Gate NG_USDT	+0.0554%	8h	3.0100	+0.300%	$1.5M	$193K	100x	as long as short
OKX NG-USDT-SWAP	+0.0595%	8h	3.0060	+0.167%	$867K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0612%	8h	3.0020	+0.033%	$82K	$194K	20x	as long as short
Variational Omni NATGAS	+0.0627%	4h	3.0060	+0.166%	$312K	$444K	—	as long as short
edgeX NATGASUSDC	+0.0646%	4h	3.0052	+0.140%	$85K	$213K	20x	as long as short
Binance NATGASUSDTshort	+0.0648%	4h	3.0065	+0.182%	$10.3M	$28.2M	100x
Kraken Futures PF_NATGASUSD	+0.0855%	1h	3.0067	+0.188%	$56K	$35K	20x	as long as short
Bitget NATGASUSDTlong	+0.1018%	4h	3.0010	long leg	$9.9M	$3.2M	100x