Funding you earn now, next payment 04:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.153%
Price spread now: BloFin against Bitget+0.100%85s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as 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−$390.395% of the position
Funding, last 7 days−0.702%−$70 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.100%, 7d avg +0.008%
=The price spread pays, funding is against you. BloFin is 0.092% dearer against Bitget than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.008%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 85 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 | Bitget NATGASUSDT | 3.0000 | 0.0968 | pay 0.0484% / 4h | 5m 42s | $9.9M | $3.3M | 100x |
| Short | BloFin NG-USDT | 3.0030 | 0.0532 | get 0.0532% / 8h | 4h 05m | $81K | $192K | 20x |
Bitget NATGASUSDT
BloFin NG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$91.52
- Price spread: +0.100% → +0.008%
- $9.23
- Slippage, 4 orders
- −$15.49
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$121.77
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 25 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 | 11.7 bp −$12 | 21.7 bp −$217 | 63.0 bp −$6,302 | doesn't fit |
| Sell BloFin live order book, 25 min ago | 1.66 bp | 10.2 bp −$10 | 16.0 bp −$160 | 71.3 bp −$7,129 | 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 | 2.8430 | −5.233% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0031 | +0.103% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0020 | +0.067% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0020 | +0.067% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0012 | +0.039% | $110K | $404K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | +0.067% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0015 | +0.050% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0032 | +0.107% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0060% | 1h | 3.0016 | +0.053% | $6.0M | $5.7M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9999 | −0.003% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
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 NATGASShow 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 | 0.000% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.067% | $1.5M | $93K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0158% | 4h | 3.0052 | +0.173% | $105K | $210K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.0208% | 1h | 3.0022 | +0.073% | $35K | — | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0306% | 4h | 3.0030 | +0.101% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0320% | 4h | 3.0010 | +0.033% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0361% | 4h | 3.0020 | +0.067% | $265K | $72K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0460% / S −0.0400% | 1h | 3.0015 | +0.050% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0497% | 8h | 3.0070 | +0.233% | $1.5M | $194K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0519% | 8h | 3.0020 | +0.067% | $861K | $1.7M | 50x | as long as short |
| BloFin NG-USDTshort | +0.0532% | 8h | 3.0030 | +0.100% | $81K | $192K | 20x | |
| Variational Omni NATGAS | +0.0559% | 4h | 3.0010 | +0.032% | $316K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0581% | 4h | 3.0025 | +0.083% | $10.2M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0606% | 4h | 3.0030 | +0.102% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDTlong | +0.0968% | 4h | 3.0000 | long leg | $9.9M | $3.3M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.0994% | 1h | 3.0030 | +0.099% | $53K | $33K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
Hotstuff NATGAS-PERP
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD