Funding you earn now, next payment 03:00 UTC−0.0478%/8h= −52.4% APRpaid last 24h −0.098%
Price spread now: Extended against edgeX−0.030%53s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$630.629% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.030%, 7d avg −0.010%
=Together, before fees−0.016%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% 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 | edgeX NATGASUSDC | 3.0010 | 0.0510 | pay 0.0255% / 4h | 1h 50m | $85K | $212K | 20x |
| Short | Extended XNG-USD | 3.0001 | 0.0032 | get 0.0004% / 1h | 50m 27s | $110K | $442K | 5x |
edgeX NATGASUSDC
Extended XNG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against edgeX. 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
- −$100.47
- Price spread: −0.030% → −0.010%
- −$1.95
- Slippage, 4 orders
- −$48.87
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$165.29
- Costs to cover
- 0.629%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 11 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 edgeX live order book, 11 min ago | 13.34 bp | 33.4 bp −$33 | 42.3 bp −$423 | doesn't fit | doesn't fit |
| Sell Extended live order book, 12 min ago | 0.67 bp | 4.6 bp −$5 | 9.6 bp −$96 | doesn't fit | doesn't fit |
NATGAS on 26 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 | 2.8385 | −5.415% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.073% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | 0.000% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0026 | +0.053% | $619K | $445K | 10x | as long as short |
| Extended XNG-USDshort | +0.0032% | 1h | 3.0001 | −0.030% | $110K | $442K | 5x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | 0.000% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0031 | +0.070% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0026 | +0.054% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0076% | 1h | 3.0011 | +0.003% | $5.9M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9998 | −0.040% | $68K | $33K | 10x | 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
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 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 | 3.0020 | +0.033% | $1.5M | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0218% | 4h | 3.0029 | +0.063% | $98K | $211K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0268% | 4h | 3.0010 | 0.000% | $1.0M | $1.1M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0272% | 1h | 3.0022 | +0.040% | $35K | — | 20x | as long as short |
| Aster NATGASUSDT | +0.0285% | 4h | 3.0011 | +0.002% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0370% | 4h | 3.0010 | 0.000% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0384% | 8h | 3.0020 | +0.033% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0403% | 8h | 3.0040 | +0.100% | $1.5M | $208K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0427% / S −0.0364% | 1h | 3.0015 | +0.016% | $92K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0459% | 4h | 3.0009 | −0.003% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0504% | 4h | 3.0010 | 0.000% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDClong | +0.0510% | 4h | 3.0010 | long leg | $85K | $212K | 20x | |
| Bitget NATGASUSDT | +0.0822% | 4h | 3.0000 | −0.033% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0023 | +0.043% | $53K | $36K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Hotstuff NATGAS-PERP
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD