Funding you earn now, next payment 08:00 UTC+0.0409%/8h= +44.7% APRpaid last 24h +0.109%
Price spread now: edgeX against Extended−0.046%73s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as 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−$630.635% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.046%, 7d avg +0.011%
=Together, before fees+0.116%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.057% cheaper against Extended than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.011%). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.140% in total) that is about 2.8 days. The two prices were read 73 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 0.140% in total (about 7.3% 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 | 3.0068 | 0.0032 | pay 0.0004% / 1h | 32m 20s | $111K | $271K | 5x |
| Short | edgeX NATGASUSDC | 3.0054 | 0.0441 | get 0.0220% / 4h | 32m 20s | $85K | $212K | 20x |
Extended XNG-USD
edgeX NATGASUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $85.81
- Price spread: −0.046% → +0.011%
- −$5.65
- Slippage, 4 orders
- −$49.46
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $16.7
- Costs to cover
- 0.635%
- Break-even
- 5.6 days
Slippage from Extended: live order book, 5 min ago; edgeX: live order book, 5 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, 5 min ago | 0.83 bp | 4.9 bp −$5 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 5 min ago | 13.31 bp | 21.1 bp −$21 | 29.3 bp −$293 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0088% | 1h | 3.0072 | +0.014% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8450 | −5.380% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.081% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0088 | +0.067% | $117K | $217K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0070 | +0.007% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0079 | +0.037% | $632K | $494K | 10x | as long as short |
| Extended XNG-USDlong | +0.0032% | 1h | 3.0068 | long leg | $111K | $271K | 5x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | +0.007% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0078 | +0.034% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0088 | +0.067% | $83K | $26K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0079 | +0.036% | $5K | — | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0076% | 4h | 3.0050 | −0.059% | $15K | $222K | 25x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0071 | +0.010% | $70K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.225% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.225% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | +0.007% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0168% | 4h | 3.0060 | −0.026% | $1.0M | $885K | 20x | as long as short |
| Aster NATGASUSDT | +0.0185% | 4h | 3.0066 | −0.006% | $265K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0402% | 4h | 3.0069 | +0.005% | $319K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0420% | 4h | 3.0070 | +0.007% | $10.4M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDCshort | +0.0441% | 4h | 3.0054 | −0.046% | $85K | $212K | 20x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0578% / S −0.0590% | 1h | 3.0075 | +0.024% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0578% | 8h | 3.0090 | +0.074% | $1.5M | $195K | 100x | as long as short |
| BloFin NG-USDT | +0.0615% | 8h | 3.0060 | −0.026% | $82K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0617% | 8h | 3.0050 | −0.059% | $854K | $1.8M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0860% | 1h | 3.0090 | +0.075% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0868% | 4h | 3.0040 | −0.092% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
GRVT NATGAS_USDT_Perp
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT