Funding you earn now, next payment 02:00 UTC+0.0290%/8h= +31.7% APRpaid last 24h +0.085%
Price spread now: Binance against ApeX Omni+0.100%79s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as 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−$1221.221% of the position
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 2 days (all we have)−0.081%−$8 · spread now +0.100%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.092% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 79 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 0.125% in total (about 6.5% 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 | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | pay 0.0013% / 1h | 34m 14s | $37K | $217K | 50x |
| Short | Binance NATGASUSDT | 3.0030 | 0.0390 | get 0.0195% / 4h | 2h 34m | $10.1M | $29.1M | 100x |
ApeX Omni NATGASUSDT
Binance NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX Omni. 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
- $60.81
- Price spread: +0.100% → +0.008%
- $9.22
- Slippage, 4 orders
- −$102.11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$52.08
- Costs to cover
- 1.221%
- Break-even
- 13.0 days
Slippage from ApeX Omni: live order book, 32 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 ApeX Omni live order book, 32 min ago | 16.64 bp | 52.4 bp −$52 | 270.6 bp −$2,706 | 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 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 | 2.8381 | −5.397% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.207% | $2K | $2.5M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0030 | +0.100% | $658K | $86K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0032 | +0.107% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | +0.067% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0010 | +0.033% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0061 | +0.203% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0074% | 8h | 3.0066 | +0.220% | $5K | — | 5x | as long as short |
| Lighter NATGAS | +0.0080% | 1h | 3.0026 | +0.087% | $618K | $445K | 10x | as long as short |
| Extended XNG-USD | +0.0096% | 1h | 3.0003 | +0.010% | $110K | $450K | 5x | as long as short |
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 NATGAS
Extended XNG-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0028 | +0.093% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDTlong | +0.0100% | 1h | 3.0000 | long leg | $37K | $217K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.100% | $1.5M | $95K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0102% | 4h | 3.0020 | +0.067% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0187% | 4h | 3.0012 | +0.041% | $265K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0280% | 4h | 3.0039 | +0.130% | $98K | $213K | 75x | as long as short |
| Variational Omni NATGAS | +0.0316% | 4h | 3.0040 | +0.134% | $312K | $443K | — | as long as short |
| OKX NG-USDT-SWAP | +0.0333% | 8h | 3.0020 | +0.067% | $868K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0364% | 4h | 3.0040 | +0.133% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDTshort | +0.0390% | 4h | 3.0030 | +0.100% | $10.1M | $29.1M | 100x | |
| GRVT NATGAS_USDT_Perp | +0.0406% | 4h | 3.0040 | +0.132% | $12K | $214K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0419% / S −0.0355% | 1h | 3.0025 | +0.083% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0426% | 8h | 3.0050 | +0.167% | $1.5M | $219K | 100x | as long as short |
| Bitget NATGASUSDT | +0.0620% | 4h | 3.0000 | 0.000% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0047 | +0.155% | $54K | $37K | 20x | as long as short |
Pacifica NATGAS
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-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