Funding you earn now, next payment 08:00 UTC−0.0112%/8h= −12.3% APRnext payment −$1.12 per $10,000 · paid last 24h −0.011%
Price spread now: BloFin against Gate−0.266%798s7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$630.632% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.266%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.208% cheaper against Gate than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.058%). Swap the legs. The two prices were read 798 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 | Gate NG_USDT | 3.0060 | 0.0419 | pay 0.0419% / 8h | 6h 35m | $1.5M | $219K | 100x |
| Short | BloFin NG-USDT | 2.9980 | 0.0307 | get 0.0307% / 8h | 6h 35m | $81K | $188K | 20x |
Gate NG_USDT
BloFin NG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$23.52
- Price spread: −0.266% → −0.058%
- −$20.76
- Slippage, 4 orders
- −$36.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$107.44
- Costs to cover
- 0.632%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 24 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 Gate live order book, 2 min ago | 1.66 bp | 21.2 bp −$21 | 57.6 bp −$576 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 1.67 bp | 7.7 bp −$8 | 10.5 bp −$105 | 62.6 bp −$6,258 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0024% | 1h | 3.0027 | −0.110% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8400 | −5.522% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.007% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0030 | −0.100% | $659K | $86K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.100% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0030 | −0.100% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0061 | +0.003% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0067% | 8h | 3.0065 | +0.017% | $5K | — | 5x | as long as short |
| Extended XNG-USD | +0.0072% | 1h | 3.0017 | −0.144% | $110K | $450K | 5x | as long as short |
| Lighter NATGAS | +0.0080% | 1h | 3.0039 | −0.070% | $618K | $444K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Extended XNG-USD
Lighter NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0035 | −0.083% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0030 | −0.100% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.200% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.200% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0040 | −0.067% | $1.5M | $94K | 10x | as long as short |
| Aster NATGASUSDT | +0.0182% | 4h | 3.0025 | −0.118% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0265% | 4h | 3.0061 | +0.003% | $98K | $213K | 75x | as long as short |
| BloFin NG-USDTshort | +0.0307% | 8h | 2.9980 | −0.266% | $81K | $188K | 20x | |
| Variational Omni NATGAS | +0.0316% | 4h | 3.0040 | −0.065% | $312K | $443K | — | as long as short |
| OKX NG-USDT-SWAP | +0.0330% | 8h | 3.0020 | −0.133% | $868K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0364% | 4h | 3.0040 | −0.067% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0387% | 4h | 3.0040 | −0.067% | $10.1M | $29.1M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0406% | 4h | 3.0040 | −0.068% | $12K | $214K | 25x | as long as short |
| Gate NG_USDTlong | +0.0419% | 8h | 3.0060 | long leg | $1.5M | $219K | 100x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0420% / S −0.0356% | 1h | 3.0045 | −0.050% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0602% | 4h | 3.0010 | −0.166% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0824% | 1h | 3.0065 | +0.017% | $54K | $37K | 20x | as long as short |
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD