Funding you earn now, next payment 04:00 UTC+0.0511%/8h= +56.0% APRpaid last 24h +0.141%
Price spread now: Bitget against Gate−0.200%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days+0.611%+$61 on $10k
+Price spread, last 7 days+0.073%+$7 · spread now −0.200%, 7d avg −0.096%
=Funding pays, the price is against you. Bitget is 0.104% cheaper against Gate than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of −0.096%). If the spread goes back, that is −$10 on $10k: about 16 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NG_USDT | 3.0060 | 0.0435 | pay 0.0435% / 8h | 5h 28m | $1.5M | $209K | 100x |
| Short | Bitget NATGASUSDT | 3.0000 | 0.0946 | get 0.0473% / 4h | 1h 28m | $9.9M | $3.4M | 100x |
Gate NG_USDT
Bitget NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $107.31
- Price spread: −0.200% → −0.096%
- −$10.37
- Slippage, 4 orders
- −$29.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $40.26
- Costs to cover
- 0.567%
- Break-even
- 4.4 days
Slippage from Gate: live order book, 4 min ago; Bitget: 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 Gate live order book, 4 min ago | 1.66 bp | 14.2 bp −$14 | 53.1 bp −$531 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.67 bp | 10.4 bp −$10 | 21.6 bp −$216 | 85.9 bp −$8,586 | 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 | 2.8439 | −5.393% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | −0.060% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | −0.166% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0017 | −0.143% | $619K | $494K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.166% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0007 | −0.176% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0023 | −0.123% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0064% | 1h | 3.0011 | −0.163% | $35K | — | 20x | as long as short |
| Extended XNG-USD | +0.0088% | 1h | 2.9997 | −0.208% | $110K | $444K | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0018 | −0.140% | $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
Hotstuff NATGAS-PERP
Extended XNG-USD
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 | +0.133% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.200% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | −0.100% | $1.5M | $95K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0103% | 1h | 3.0009 | −0.170% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDT | +0.0242% | 4h | 3.0031 | −0.096% | $101K | $214K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0346% | 4h | 3.0020 | −0.133% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0361% | 4h | 3.0011 | −0.162% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0394% | 4h | 3.0020 | −0.133% | $12K | $214K | 25x | as long as short |
| BloFin NG-USDT | +0.0419% | 8h | 2.9990 | −0.233% | $81K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0427% | 8h | 3.0020 | −0.133% | $854K | $1.7M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0434% / S −0.0372% | 1h | 3.0025 | −0.116% | $92K | — | 45x | as long as short |
| Gate NG_USDTlong | +0.0435% | 8h | 3.0060 | long leg | $1.5M | $209K | 100x | |
| Variational Omni NATGAS | +0.0532% | 4h | 3.0019 | −0.137% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0563% | 4h | 3.0011 | −0.163% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0576% | 4h | 3.0026 | −0.113% | $10.2M | $29.0M | 100x | as long as short |
| Bitget NATGASUSDTshort | +0.0946% | 4h | 3.0000 | −0.200% | $9.9M | $3.4M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0034 | −0.087% | $54K | $36K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
tradeXYZ xyz:NATGAS
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD