Funding you earn now, next payment 08:00 UTC−0.0354%/8h= −38.8% APRpaid last 24h −0.141%
Price spread now: Gate against Bitget+0.200%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$550.546% of the position
Funding, last 7 days−0.659%−$66 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.200%, 7d avg +0.097%
=The price spread pays, funding is against you. Gate is 0.102% dearer against Bitget than usual: you sell high and buy low (spread +0.200% now, against its 7-day average of +0.097%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 3.0030 | 0.0972 | pay 0.0486% / 4h | 2h 03m | $9.9M | $3.2M | 100x |
| Short | Gate NG_USDT | 3.0090 | 0.0618 | get 0.0618% / 8h | 2h 03m | $1.5M | $196K | 100x |
Bitget NATGASUSDT
Gate NG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$74.34
- Price spread: +0.200% → +0.097%
- $10.23
- Slippage, 4 orders
- −$27.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$118.75
- Costs to cover
- 0.546%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago | 1.66 bp | 11.3 bp −$11 | 22.9 bp −$229 | 51.7 bp −$5,169 | doesn't fit |
| Sell Gate live order book, 4 min ago | 1.66 bp | 17.1 bp −$17 | 49.3 bp −$493 | 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 | 2.8455 | −5.245% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.140% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0059 | +0.097% | $629K | $504K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0048 | +0.059% | $110K | $333K | 5x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0050 | +0.067% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0060 | +0.100% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0089 | +0.196% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0051% | 1h | 3.0049 | +0.063% | $6.0M | $5.5M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0062% | 8h | 3.0072 | +0.140% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0054 | +0.080% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERP
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 | 3.0100 | +0.233% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.100% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0050 | +0.067% | $1.5M | $93K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0108% | 4h | 3.0076 | +0.153% | $107K | $211K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.0128% | 1h | 3.0051 | +0.070% | $35K | — | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0154% | 4h | 3.0061 | +0.104% | $13K | $212K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0308% | 4h | 3.0040 | +0.033% | $1.0M | $944K | 20x | as long as short |
| Aster NATGASUSDT | +0.0328% | 4h | 3.0078 | +0.160% | $265K | $75K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0530% / S −0.0532% | 1h | 3.0055 | +0.083% | $88K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0548% | 4h | 3.0060 | +0.099% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0570% | 4h | 3.0052 | +0.072% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0599% | 4h | 3.0070 | +0.133% | $85K | $212K | 20x | as long as short |
| Gate NG_USDTshort | +0.0618% | 8h | 3.0090 | +0.200% | $1.5M | $196K | 100x | |
| BloFin NG-USDT | +0.0629% | 8h | 3.0060 | +0.100% | $81K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0655% | 8h | 3.0060 | +0.100% | $868K | $1.7M | 50x | as long as short |
| Bitget NATGASUSDTlong | +0.0972% | 4h | 3.0030 | long leg | $9.9M | $3.2M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.1181% | 1h | 3.0073 | +0.142% | $56K | $35K | 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]
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD