Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.037%
Price spread now: OKX against Binance0.000%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now 0.000%, 7d avg −0.036%
=The price spread pays, funding is against you. OKX is 0.036% dearer against Binance than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you.
| 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 | OKX NG-USDT-SWAP | 3.0050 | 0.0611 | get 0.0611% / 8h | 3h 04m | $867K | $1.7M | 50x |
Binance NATGASUSDT
OKX NG-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$11.38
- Price spread: 0.000% → −0.036%
- $3.65
- Slippage, 4 orders
- −$14.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$42.03
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; OKX: live order book, 2 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 OKX live order book, 2 min ago | 1.66 bp | 10.0 bp −$10 | 17.0 bp −$170 | 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 | +0.0096% | 8h | 3.0066 | +0.053% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0040 | −0.033% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $218K | 50x | as long as short |
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 NATGAS
ApeX Omni NATGASUSDTShow 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 | 3.0038 | −0.040% | $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-SWAPshort | +0.0611% | 8h | 3.0050 | 0.000% | $867K | $1.7M | 50x | |
| 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 | 3.0020 | −0.100% | $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
Variational Omni NATGAS
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT