Funding you earn now, next payment 04:00 UTC−0.0838%/8h= −91.8% APRnext payment −$4.19 per $10,000 · paid last 24h −0.244%
Price spread now: SunX against Bitget+0.140%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$670.672% of the position
Funding, last 7 days−1.138%−$114 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.140%, 7d avg +0.107%
=The price spread pays, funding is against you. SunX is 0.033% dearer against Bitget than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.107%): +$3 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 3 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 3.0000 | 0.0838 | pay 0.0419% / 4h | 1h 46m | $9.9M | $3.4M | 100x |
| Short | SunX NATGAS-USDT | 3.0042 | 0 | get 0.0000% / 4h | 1h 46m | $2K | $2.4M | 20x |
Bitget NATGASUSDT
SunX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$175.98
- Price spread: +0.140% → +0.107%
- $3.26
- Slippage, 4 orders
- −$47.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$239.93
- Costs to cover
- 0.672%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 10 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, 2 min ago | 1.67 bp | 9.9 bp −$10 | 19.9 bp −$199 | 69.7 bp −$6,970 | doesn't fit |
| Sell SunX live order book, 10 min ago | 14.98 bp | 27.7 bp −$28 | doesn't fit | 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 | 2.8386 | −5.380% | — | — | — | as long as short |
| SunX NATGAS-USDTshort | 0.0000% | 4h | 3.0042 | +0.140% | $2K | $2.4M | 20x | |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 3.0009 | +0.030% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | +0.033% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0013 | +0.043% | $618K | $445K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.007% | $110K | $442K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.033% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0008 | +0.027% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0062% | 8h | 3.0023 | +0.077% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0077% | 1h | 3.0009 | +0.030% | $5.9M | $5.9M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0011 | +0.037% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $218K | 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 | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0217% | 4h | 3.0047 | +0.157% | $100K | $213K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0274% | 4h | 3.0010 | +0.033% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0297% | 4h | 3.0012 | +0.039% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0364% | 4h | 3.0010 | +0.033% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0389% | 8h | 3.0020 | +0.067% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0404% | 8h | 3.0050 | +0.167% | $1.5M | $208K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0428% / S −0.0365% | 1h | 3.0025 | +0.083% | $92K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0459% | 4h | 3.0009 | +0.030% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0514% | 4h | 3.0018 | +0.059% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0517% | 4h | 3.0020 | +0.067% | $10.2M | $28.9M | 100x | as long as short |
| BloFin NATGAS-USDT | +0.0517% | 4h | 3.0010 | +0.033% | — | $21K | 100x | as long as short |
| Bitget NATGASUSDTlong | +0.0838% | 4h | 3.0000 | long leg | $9.9M | $3.4M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0034 | +0.114% | $54K | $36K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
BloFin NATGAS-USDT
Kraken Futures PF_NATGASUSD