Funding you earn now, next payment 04:00 UTC−0.0589%/8h= −64.5% APRpaid last 24h −0.092%
Price spread now: tradeXYZ against edgeX0.000%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$760.764% of the position
Funding, last 7 days−0.225%−$22 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now 0.000%, 7d avg −0.045%
=Together, before fees−0.187%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.045% dearer against edgeX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.045%): +$5 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.225% in total) that is about 34 hours.
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 | edgeX NATGASUSDC | 3.0009 | 0.0639 | pay 0.0320% / 4h | 59m 11s | $85K | $213K | 20x |
| Short | tradeXYZ xyz:NATGAS | 3.0009 | 0.0050 | get 0.0006% / 1h | 59m 11s | $6.0M | $5.9M | 10x |
edgeX NATGASUSDC
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against edgeX. 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
- −$123.77
- Price spread: 0.000% → −0.045%
- $4.52
- Slippage, 4 orders
- −$49.38
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$195.62
- Costs to cover
- 0.764%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 63 min ago; tradeXYZ: live order book, 9 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 edgeX live order book, 63 min ago | 13.34 bp | 33.4 bp −$33 | 42.3 bp −$423 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.33 bp | 11.8 bp −$12 | doesn't fit | 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 | 3.0032 | +0.077% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0000 | −0.030% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0009 | 0.000% | $619K | $494K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0012 | +0.010% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | +0.037% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0050% | 1h | 3.0009 | 0.000% | $6.0M | $5.9M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0028 | +0.063% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0059% | 8h | 3.0021 | +0.041% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9981 | −0.093% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.030% | $37K | $214K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
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 | −0.030% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | +0.003% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0128% | 1h | 2.9998 | −0.037% | $110K | $445K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0238% | 4h | 3.0061 | +0.173% | $105K | $216K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0380% | 4h | 3.0001 | −0.028% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0384% | 4h | 3.0000 | −0.030% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0411% | 4h | 3.0003 | −0.018% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0443% / S −0.0382% | 1h | 3.0015 | +0.020% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0460% | 8h | 3.0040 | +0.103% | $1.5M | $188K | 100x | as long as short |
| BloFin NG-USDT | +0.0475% | 8h | 2.9990 | −0.063% | $80K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0481% | 8h | 3.0000 | −0.030% | $853K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0595% | 4h | 3.0009 | −0.001% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0625% | 4h | 3.0015 | +0.021% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDClong | +0.0639% | 4h | 3.0009 | long leg | $85K | $213K | 20x | |
| Kraken Futures PF_NATGASUSD | +0.0994% | 1h | 3.0025 | +0.054% | $53K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0996% | 4h | 2.9980 | −0.097% | $9.9M | $3.4M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT