Funding you earn now, next payment 08:00 UTC−0.0309%/8h= −33.9% APRpaid last 24h −0.153%
Price spread now: OKX against Bitget+0.166%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days−0.747%−$75 on $10k
+Price spread, last 7 days−0.155%−$16 · spread now +0.166%, 7d avg +0.012%
=The price spread pays, funding is against you. OKX is 0.155% dearer against Bitget than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.012%): +$15 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 3.0040 | 0.0960 | pay 0.0480% / 4h | 1h 39m | $9.9M | $3.1M | 100x |
| Short | OKX NG-USDT-SWAP | 3.0090 | 0.0651 | get 0.0651% / 8h | 1h 39m | $875K | $1.8M | 50x |
Bitget NATGASUSDT
OKX NG-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- −$64.97
- Price spread: +0.166% → +0.012%
- $15.49
- Slippage, 4 orders
- −$21.12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$92.61
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 1.66 bp | 10.1 bp −$10 | 21.4 bp −$214 | 54.2 bp −$5,418 | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.33 bp | 12.9 bp −$13 | 20.1 bp −$201 | 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 | 2.8449 | −5.296% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.173% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0060 | +0.067% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0077 | +0.123% | $630K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0066 | +0.086% | $111K | $300K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0037% | 4h | 3.0085 | +0.150% | $107K | $205K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | +0.100% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0089 | +0.163% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0057% | 8h | 3.0093 | +0.176% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0066% | 1h | 3.0070 | +0.100% | $6.0M | $5.5M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0050 | +0.033% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.133% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | +0.200% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0080 | +0.133% | $1.5M | $93K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0132% | 4h | 3.0060 | +0.067% | $22K | $210K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0144% | 1h | 3.0073 | +0.110% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0280% | 4h | 3.0060 | +0.067% | $1.0M | $927K | 20x | as long as short |
| Aster NATGASUSDT | +0.0290% | 4h | 3.0097 | +0.190% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0512% | 4h | 3.0070 | +0.099% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0534% | 4h | 3.0080 | +0.132% | $10.3M | $28.6M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0546% / S −0.0551% | 1h | 3.0075 | +0.117% | $88K | — | 45x | as long as short |
| edgeX NATGASUSDC | +0.0549% | 4h | 3.0058 | +0.061% | $85K | $213K | 20x | as long as short |
| Gate NG_USDT | +0.0634% | 8h | 3.0100 | +0.200% | $1.5M | $196K | 100x | as long as short |
| BloFin NG-USDT | +0.0643% | 8h | 3.0060 | +0.067% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAPshort | +0.0651% | 8h | 3.0090 | +0.166% | $875K | $1.8M | 50x | |
| Bitget NATGASUSDTlong | +0.0960% | 4h | 3.0040 | long leg | $9.9M | $3.1M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0086 | +0.154% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
edgeX NATGASUSDC
Gate NG_USDT
BloFin NG-USDT
Kraken Futures PF_NATGASUSD