Funding you earn now, next payment 05:00 UTC−0.0565%/8h= −61.9% APRpaid last 24h −0.098%
Price spread now: ApeX Omni against Binance−0.166%49s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as 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−$1251.253% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.166%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and ApeX Omni is 0.138% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 49 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 -0.154% in total (about -8.0% 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 | Binance NATGASUSDT | 3.0050 | 0.0665 | pay 0.0333% / 4h | 3h 04m | $10.3M | $28.2M | 100x |
| Short | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | get 0.0013% / 1h | 4m 51s | $37K | $218K | 50x |
Binance NATGASUSDT
ApeX Omni NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Binance. 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
- −$118.71
- Price spread: −0.166% → −0.028%
- −$13.85
- Slippage, 4 orders
- −$105.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$257.86
- Costs to cover
- 1.253%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; ApeX Omni: live order book, 46 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 Binance live order book, 7 min ago | 1.66 bp | 6.7 bp −$7 | 11.3 bp −$113 | 37.9 bp −$3,786 | 133.2 bp −$66.6K |
| Sell ApeX Omni live order book, 46 min ago | 16.64 bp | 52.0 bp −$52 | 272.2 bp −$2,722 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.073% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0040 | −0.033% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0045 | −0.017% | $629K | $503K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0047 | −0.010% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | 0.000% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0080 | +0.100% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0095% | 1h | 3.0051 | +0.003% | $6.0M | $5.6M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0097% | 8h | 3.0061 | +0.036% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0040 | −0.033% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDTshort | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $218K | 50x |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERP
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.166% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0050 | 0.000% | $1.5M | $93K | 10x | as long as short |
| Extended XNG-USD | +0.0216% | 1h | 3.0037 | −0.044% | $110K | $364K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0364% | 4h | 3.0040 | −0.033% | $1.0M | $982K | 20x | as long as short |
| Aster NATGASUSDT | +0.0432% | 4h | 3.0060 | +0.033% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0448% | 4h | 3.0050 | 0.000% | $13K | $223K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0497% / S −0.0441% | 1h | 3.0055 | +0.017% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0506% | 4h | 3.0073 | +0.077% | $107K | $212K | 75x | as long as short |
| Gate NG_USDT | +0.0556% | 8h | 3.0090 | +0.133% | $1.5M | $193K | 100x | as long as short |
| BloFin NG-USDT | +0.0603% | 8h | 3.0060 | +0.033% | $81K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0611% | 8h | 3.0050 | 0.000% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0642% | 4h | 3.0060 | +0.032% | $317K | $449K | — | as long as short |
| Binance NATGASUSDTlong | +0.0665% | 4h | 3.0050 | long leg | $10.3M | $28.2M | 100x | |
| edgeX NATGASUSDC | +0.0676% | 4h | 3.0070 | +0.065% | $85K | $212K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0067 | +0.056% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1038% | 4h | 3.0030 | −0.067% | $9.9M | $3.2M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
HTX NATGAS-USDT
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT