Funding you earn now, next payment 03:00 UTC−0.0077%/8h= −8.5% APRpaid last 24h +0.076%
Price spread now: GMX against BloFin+0.117%111s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. GMX is 0.117% dearer against BloFin than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NG-USDT | 2.9990 | 0.0450 | pay 0.0450% / 8h | 5h 25m | $81K | $188K | 20x |
| Short | GMX NATGAS/USD [ETH-USDC] | 3.0025 | L +0.0434% / S −0.0372% | get 0.0047% / 1h | 25m 24s | $92K | — | 45x |
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- −$16.27
- Price spread: +0.117% → 0.000%
- $11.67
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$28.6
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 12 min ago; GMX: no order-book sample. Net counts fees only.
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 BloFin live order book, 12 min ago | 1.67 bp | 10.2 bp −$10 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 3.0041 | +0.170% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | +0.067% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0020 | +0.100% | $619K | $494K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | +0.100% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0007 | +0.057% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0067% | 8h | 3.0026 | +0.121% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0015 | +0.083% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0098% | 1h | 3.0009 | +0.063% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0012 | +0.073% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | +0.033% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
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 | +0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.133% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0104% | 1h | 3.0001 | +0.037% | $110K | $444K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0249% | 4h | 3.0043 | +0.177% | $101K | $213K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0352% | 4h | 3.0010 | +0.067% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0371% | 4h | 3.0016 | +0.088% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0404% | 4h | 3.0027 | +0.122% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0433% | 8h | 3.0020 | +0.100% | $853K | $1.7M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | L +0.0434% / S −0.0372% | 1h | 3.0025 | +0.117% | $92K | — | 45x | |
| Gate NG_USDT | +0.0443% | 8h | 3.0070 | +0.267% | $1.5M | $209K | 100x | as long as short |
| BloFin NG-USDTlong | +0.0450% | 8h | 2.9990 | long leg | $81K | $188K | 20x | |
| Variational Omni NATGAS | +0.0547% | 4h | 3.0019 | +0.096% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0579% | 4h | 3.0019 | +0.096% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDT | +0.0584% | 4h | 3.0020 | +0.100% | $10.2M | $28.9M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0958% | 4h | 3.0000 | +0.033% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0035 | +0.149% | $54K | $34K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD