Funding you earn now, next payment 02:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.095%
Price spread now: Binance against Extended+0.077%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$220.218% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 2 days (all we have)−0.106%−$11 · spread now +0.077%, 7d avg +0.045%
=Together, before fees−0.008%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.032% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.1% 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 | Extended XNG-USD | 3.0017 | 0.0080 | pay 0.0010% / 1h | 34m 48s | $110K | $450K | 5x |
| Short | Binance NATGASUSDT | 3.0040 | 0.0387 | get 0.0193% / 4h | 2h 34m | $10.1M | $29.1M | 100x |
Extended XNG-USD
Binance NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- $64.39
- Price spread: +0.077% → +0.045%
- $3.2
- Slippage, 4 orders
- −$6.76
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $45.83
- Costs to cover
- 0.218%
- Break-even
- 2.0 days
Slippage from Extended: live order book, 33 min ago; Binance: live order book, 7 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 Extended live order book, 33 min ago | 1.00 bp | 4.8 bp −$5 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.66 bp | 6.7 bp −$7 | 9.1 bp −$91 | 37.5 bp −$3,754 | 135.9 bp −$68.0K |
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 | 2.8399 | −5.390% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.150% | $2K | $2.5M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0030 | +0.044% | $659K | $86K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0032 | +0.051% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.044% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0029 | +0.041% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0061 | +0.147% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0071% | 8h | 3.0065 | +0.162% | $5K | — | 5x | as long as short |
| Lighter NATGAS | +0.0080% | 1h | 3.0039 | +0.074% | $618K | $444K | 10x | as long as short |
| Extended XNG-USDlong | +0.0080% | 1h | 3.0017 | long leg | $110K | $450K | 5x |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Lighter NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0035 | +0.060% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0030 | +0.044% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.056% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.056% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0040 | +0.077% | $1.5M | $95K | 10x | as long as short |
| Aster NATGASUSDT | +0.0182% | 4h | 3.0024 | +0.024% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0273% | 4h | 3.0060 | +0.144% | $98K | $213K | 75x | as long as short |
| BloFin NG-USDT | +0.0307% | 8h | 2.9980 | −0.123% | $81K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0316% | 4h | 3.0040 | +0.078% | $312K | $443K | — | as long as short |
| OKX NG-USDT-SWAP | +0.0330% | 8h | 3.0020 | +0.011% | $868K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0364% | 4h | 3.0040 | +0.077% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDTshort | +0.0387% | 4h | 3.0040 | +0.077% | $10.1M | $29.1M | 100x | |
| GRVT NATGAS_USDT_Perp | +0.0406% | 4h | 3.0040 | +0.076% | $12K | $214K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0419% / S −0.0355% | 1h | 3.0045 | +0.094% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0424% | 8h | 3.0060 | +0.144% | $1.5M | $219K | 100x | as long as short |
| Bitget NATGASUSDT | +0.0612% | 4h | 3.0010 | −0.023% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0824% | 1h | 3.0065 | +0.161% | $54K | $37K | 20x | as long as short |
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
BloFin NG-USDT
Variational Omni NATGAS
OKX NG-USDT-SWAP
edgeX NATGASUSDC
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD