Funding you earn now, next payment 08:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h +0.029%
Price spread now: edgeX against Gate−0.138%67s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as 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−$940.936% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.138%, 7d avg −0.025%
=Together, before fees−0.071%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.113% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.025%). Swap the legs. The two prices were read 67 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 | 3.0100 | 0.0634 | pay 0.0634% / 8h | 1h 40m | $1.5M | $196K | 100x |
| Short | edgeX NATGASUSDC | 3.0058 | 0.0549 | get 0.0274% / 4h | 1h 40m | $85K | $213K | 20x |
Gate NG_USDT
edgeX NATGASUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$17.92
- Price spread: −0.138% → −0.025%
- −$11.26
- Slippage, 4 orders
- −$69.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$122.78
- Costs to cover
- 0.936%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 1 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 | 24.9 bp −$25 | 63.2 bp −$632 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 13.31 bp | 21.0 bp −$21 | 29.2 bp −$292 | 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 | 2.8449 | −5.485% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | −0.027% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0060 | −0.133% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0064 | −0.120% | $629K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0059 | −0.135% | $111K | $330K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0034% | 4h | 3.0083 | −0.056% | $107K | $205K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.100% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0083 | −0.056% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0057% | 8h | 3.0084 | −0.054% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0070% | 1h | 3.0069 | −0.103% | $6.0M | $5.5M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0043 | −0.189% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.332% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0080 | −0.066% | $1.5M | $93K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0132% | 4h | 3.0060 | −0.133% | $22K | $210K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0144% | 1h | 3.0073 | −0.090% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0280% | 4h | 3.0050 | −0.166% | $1.0M | $929K | 20x | as long as short |
| Aster NATGASUSDT | +0.0290% | 4h | 3.0091 | −0.031% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0512% | 4h | 3.0070 | −0.101% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0534% | 4h | 3.0076 | −0.079% | $10.3M | $28.6M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0546% / S −0.0551% | 1h | 3.0075 | −0.083% | $88K | — | 45x | as long as short |
| edgeX NATGASUSDCshort | +0.0549% | 4h | 3.0058 | −0.138% | $85K | $213K | 20x | |
| Gate NG_USDTlong | +0.0634% | 8h | 3.0100 | long leg | $1.5M | $196K | 100x | |
| BloFin NG-USDT | +0.0643% | 8h | 3.0060 | −0.133% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0651% | 8h | 3.0080 | −0.066% | $875K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0960% | 4h | 3.0040 | −0.199% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0088 | −0.039% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD