Funding you earn now, next payment 07:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h +0.055%
Price spread now: GMX against Gate−0.083%87s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.083% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 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 37m | $1.5M | $196K | 100x |
| Short | GMX NATGAS/USD [ETH-USDC] | 3.0075 | L +0.0547% / S −0.0552% | get 0.0069% / 1h | 37m 58s | $88K | — | 45x |
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$17.28
- Price spread: −0.083% → 0.000%
- −$8.31
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$52.58
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago | 1.66 bp | 24.9 bp −$25 | 63.2 bp −$632 | 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 | 3.0092 | −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 | 3.0069 | −0.103% | $629K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0058 | −0.138% | $111K | $281K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0040% | 4h | 3.0084 | −0.053% | $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 | 3.0089 | −0.037% | $83K | $26K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0056% | 1h | 3.0068 | −0.106% | $35K | — | 20x | as long as short |
| Paradex NG-USD-PERP | +0.0057% | 8h | 3.0083 | −0.057% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0069% | 1h | 3.0068 | −0.106% | $6.0M | $5.5M | 10x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Hotstuff NATGAS-PERP
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0050 | −0.166% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | 0.000% | $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 | 3.0070 | −0.100% | $1.5M | $93K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0134% | 4h | 3.0063 | −0.123% | $22K | $210K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0278% | 4h | 3.0060 | −0.133% | $1.0M | $926K | 20x | as long as short |
| Aster NATGASUSDT | +0.0290% | 4h | 3.0097 | −0.010% | $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 | +0.0533% | 4h | 3.0077 | −0.078% | $10.3M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0535% | 4h | 3.0067 | −0.109% | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | L +0.0547% / S −0.0552% | 1h | 3.0075 | −0.083% | $88K | — | 45x | |
| BloFin NG-USDT | +0.0632% | 8h | 3.0080 | −0.066% | $82K | $195K | 20x | as long as short |
| Gate NG_USDTlong | +0.0634% | 8h | 3.0100 | long leg | $1.5M | $196K | 100x | |
| OKX NG-USDT-SWAP | +0.0652% | 8h | 3.0080 | −0.066% | $876K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0958% | 4h | 3.0040 | −0.199% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0085 | −0.049% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD