Funding you earn now, next payment 04:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.042%
Price spread now: Aster against Phemex+0.033%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1431.430% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.033%, 7d avg +0.019%
=Together, before fees−0.091%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0020 | 0.0100 | pay 0.0050% / 4h | 2h 56m | $1.5M | $94K | 10x |
| Short | Aster NATGASUSDT | 3.0030 | 0.0119 | get 0.0060% / 4h | 2h 56m | $266K | $73K | 50x |
Phemex NGUSDT
Aster NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $4.06
- Price spread: +0.033% → +0.019%
- $1.48
- Slippage, 4 orders
- −$122.98
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$137.45
- Costs to cover
- 1.430%
- Break-even
- 244.1 days
Slippage from Phemex: live order book, 1 min ago; Aster: 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 Phemex live order book, 1 min ago | 1.66 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 10 min ago | 6.66 bp | 13.8 bp −$14 | 16.0 bp −$160 | 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 | 2.8375 | −5.480% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.073% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0020 | 0.000% | $659K | $86K | 20x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0001 | −0.065% | $110K | $451K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.033% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0006 | −0.047% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0047 | +0.090% | $84K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0026 | +0.018% | $5K | — | 5x | as long as short |
| Lighter NATGAS | +0.0056% | 1h | 3.0022 | +0.007% | $617K | $436K | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0014 | −0.019% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Lighter NATGAS
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0010 | −0.033% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.067% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.067% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 3.0020 | long leg | $1.5M | $94K | 10x | |
| Aster NATGASUSDTshort | +0.0119% | 4h | 3.0030 | +0.033% | $266K | $73K | 50x | |
| Hotstuff NATGAS-PERP | +0.0128% | 1h | 3.0007 | −0.043% | $35K | — | 20x | as long as short |
| HTX NATGAS-USDT | +0.0201% | 4h | 3.0035 | +0.050% | $98K | $211K | 75x | as long as short |
| Variational Omni NATGAS | +0.0215% | 4h | 3.0030 | +0.032% | $312K | $443K | — | as long as short |
| BloFin NG-USDT | +0.0264% | 8h | 2.9990 | −0.100% | $81K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0280% | 8h | 3.0010 | −0.033% | $865K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0300% | 4h | 3.0034 | +0.045% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0305% | 4h | 3.0020 | 0.000% | $10.1M | $29.2M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0336% | 4h | 3.0020 | 0.000% | $25K | $200K | 25x | as long as short |
| Gate NG_USDT | +0.0393% | 8h | 3.0030 | +0.033% | $1.5M | $217K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0415% / S −0.0352% | 1h | 3.0025 | +0.017% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0458% | 4h | 3.0000 | −0.067% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0034 | +0.045% | $52K | $36K | 20x | as long as short |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Hotstuff NATGAS-PERP
HTX NATGAS-USDT
Variational Omni NATGAS
BloFin NG-USDT
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
GRVT NATGAS_USDT_Perp
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD