Funding you earn now, next payment 08:00 UTC−0.0438%/8h= −48.0% APRpaid last 24h −0.061%
Price spread now: Phemex against BloFin−0.033%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$810.815% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.033%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phemex is 0.067% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.225% in total (about -11.7% 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 | BloFin NG-USDT | 3.0020 | 0.0538 | pay 0.0538% / 8h | 3h 38m | $81K | $193K | 20x |
| Short | Phemex NGUSDT | 3.0010 | 0.0100 | get 0.0050% / 4h | 3h 38m | $1.5M | $93K | 10x |
BloFin NG-USDT
Phemex NGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$92.02
- Price spread: −0.033% → +0.033%
- −$6.67
- Slippage, 4 orders
- −$57.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$180.15
- Costs to cover
- 0.815%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 52 min ago; Phemex: live order book, 5 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 BloFin live order book, 52 min ago | 1.66 bp | 7.7 bp −$8 | 14.8 bp −$148 | 75.2 bp −$7,521 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.67 bp | 30.1 bp −$30 | 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 | 2.8405 | −5.380% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.040% | $2K | $2.4M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 3.0007 | −0.043% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0010 | −0.033% | $668K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0006 | −0.047% | $626K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.073% | $110K | $395K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9999 | −0.070% | $82K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0058% | 1h | 3.0008 | −0.040% | $6.0M | $5.7M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0074% | 8h | 3.0022 | +0.008% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9989 | −0.103% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.067% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.067% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTshort | +0.0100% | 4h | 3.0010 | −0.033% | $1.5M | $93K | 10x | |
| KuCoin NATGASUSDTM | +0.0326% | 4h | 3.0010 | −0.033% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0374% | 4h | 3.0039 | +0.063% | $263K | $74K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0386% | 4h | 3.0055 | +0.117% | $107K | $213K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0468% | 4h | 3.0020 | 0.000% | $12K | $230K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0472% / S −0.0414% | 1h | 3.0025 | +0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0530% | 8h | 3.0050 | +0.100% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDTlong | +0.0538% | 8h | 3.0020 | long leg | $81K | $193K | 20x | |
| OKX NG-USDT-SWAP | +0.0558% | 8h | 3.0010 | −0.033% | $863K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0576% | 4h | 3.0020 | −0.001% | $316K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0597% | 4h | 3.0024 | +0.013% | $10.2M | $28.4M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0600% | 4h | 3.0010 | −0.034% | $85K | $212K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0856% | 1h | 3.0032 | +0.040% | $55K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0976% | 4h | 2.9990 | −0.100% | $9.9M | $3.2M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT