Funding you earn now, next payment 08:00 UTC−0.1018%/8h= −111.5% APRnext payment −$5.09 per $10,000 · paid last 24h −0.243%
Price spread now: SunX against Bitget+0.240%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$680.684% of the position
Funding, last 7 days−1.186%−$119 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.240%, 7d avg +0.109%
=The price spread pays, funding is against you. SunX is 0.131% dearer against Bitget than usual: you sell high and buy low (spread +0.240% now, against its 7-day average of +0.109%): +$13 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 3.0010 | 0.1018 | pay 0.0509% / 4h | 3h 14m | $9.9M | $3.2M | 100x |
| Short | SunX NATGAS-USDT | 3.0082 | 0 | get 0.0000% / 4h | 3h 14m | $2K | $2.4M | 20x |
Bitget NATGASUSDT
SunX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$213.78
- Price spread: +0.240% → +0.109%
- $13.09
- Slippage, 4 orders
- −$48.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$269.12
- Costs to cover
- 0.684%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; SunX: 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 | 1.67 bp | 10.3 bp −$10 | 22.0 bp −$220 | 61.8 bp −$6,176 | doesn't fit |
| Sell SunX live order book, 2 min ago | 15.13 bp | 28.1 bp −$28 | doesn't fit | 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 | 2.8451 | −5.195% | — | — | — | as long as short |
| SunX NATGAS-USDTshort | 0.0000% | 4h | 3.0082 | +0.240% | $2K | $2.4M | 20x | |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0050 | +0.133% | $659K | $96K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0057 | +0.157% | $35K | — | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0050 | +0.133% | $629K | $503K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.133% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0047 | +0.123% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0091% | 1h | 3.0048 | +0.127% | $6.0M | $5.7M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0093% | 8h | 3.0075 | +0.217% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0052 | +0.140% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
QFEX NATGAS-USD
Hotstuff NATGAS-PERP
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.033% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | +0.200% | $1.5M | $92K | 10x | as long as short |
| Extended XNG-USD | +0.0200% | 1h | 3.0037 | +0.091% | $110K | $365K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0362% | 4h | 3.0020 | +0.033% | $1.0M | $989K | 20x | as long as short |
| Aster NATGASUSDT | +0.0420% | 4h | 3.0060 | +0.167% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0474% | 4h | 3.0050 | +0.134% | $13K | $223K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0486% / S −0.0429% | 1h | 3.0065 | +0.183% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0539% | 4h | 3.0069 | +0.197% | $106K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0554% | 8h | 3.0100 | +0.300% | $1.5M | $193K | 100x | as long as short |
| BloFin NG-USDT | +0.0572% | 8h | 3.0060 | +0.167% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0595% | 8h | 3.0060 | +0.167% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0627% | 4h | 3.0060 | +0.166% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0646% | 4h | 3.0052 | +0.140% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0652% | 4h | 3.0064 | +0.179% | $10.3M | $28.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0854% | 1h | 3.0078 | +0.227% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDTlong | +0.1018% | 4h | 3.0010 | long leg | $9.9M | $3.2M | 100x |
ApeX Omni NATGASUSDT
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
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD