Funding you earn now, next payment 01:00 UTC−0.0374%/8h= −41.0% APRnext payment −$0.47 per $10,000 · paid last 24h −0.131%
Price spread now: Extended against GMX−0.056%7-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
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.056% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NATGAS/USD [ETH-USDC] | 2.9985 | L +0.0406% / S −0.0333% | pay 0.0051% / 1h | 46m 07s | $93K | — | 45x |
| Short | Extended XNG-USD | 2.9968 | 0.0032 | get 0.0004% / 1h | 46m 07s | $110K | $450K | 5x |
GMX NATGAS/USD [ETH-USDC]
Extended XNG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against GMX. 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
- −$78.54
- Price spread: −0.056% → 0.000%
- −$5.61
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$101.15
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Extended: live order book, 27 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 27 min ago | 0.17 bp | 3.3 bp −$3 | 7.1 bp −$71 | doesn't fit | doesn't fit |
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 | 3.0001 | +0.053% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0015% | 1h | 2.9980 | −0.017% | $658K | $85K | 20x | as long as short |
| Extended XNG-USDshort | +0.0032% | 1h | 2.9968 | −0.056% | $110K | $450K | 5x | |
| Vest NG-PERP | +0.0046% | 1h | 2.9970 | −0.050% | — | $378 | 10x | as long as short |
| Aster NATGASUSDT | +0.0046% | 4h | 2.9960 | −0.083% | $265K | $73K | 50x | as long as short |
| Lighter NATGAS | +0.0048% | 1h | 2.9997 | +0.040% | $617K | $412K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9973 | −0.040% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0001 | +0.053% | $84K | $36K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0056% | 1h | 2.9974 | −0.037% | $35K | — | 20x | as long as short |
| Paradex NG-USD-PERP | +0.0058% | 8h | 2.9993 | +0.027% | $5K | — | 5x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Vest NG-PERP
Aster NATGASUSDT
Lighter NATGAS
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Hotstuff NATGAS-PERP
Paradex NG-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NATGAS | +0.0095% | 4h | 2.9980 | −0.015% | $311K | $443K | — | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9980 | −0.018% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9970 | −0.050% | $1.0M | $1.2M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.283% | $36K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.050% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9990 | +0.017% | $1.5M | $95K | 10x | as long as short |
| BloFin NG-USDT | +0.0149% | 8h | 2.9980 | −0.017% | $80K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0165% | 8h | 2.9970 | −0.050% | $857K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0194% | 4h | 2.9980 | −0.015% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0195% | 4h | 2.9986 | +0.004% | $10.1M | $29.5M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0238% | 4h | 2.9960 | −0.083% | $10.0M | $3.5M | 100x | as long as short |
| HTX NATGAS-USDT | +0.0260% | 4h | 2.9997 | +0.040% | $98K | $210K | 75x | as long as short |
| GMX NATGAS/USD [ETH-USDC]long | L +0.0406% / S −0.0333% | 1h | 2.9985 | long leg | $93K | — | 45x | |
| GRVT NATGAS_USDT_Perp | +0.0418% | 4h | 2.9970 | −0.050% | $25K | $214K | 25x | as long as short |
| Gate NG_USDT | +0.0487% | 8h | 3.0000 | +0.050% | $1.5M | $254K | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1002% | 1h | 2.9990 | +0.017% | $52K | $39K | 20x | as long as short |
Variational Omni NATGAS
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
BloFin NG-USDT
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Gate NG_USDT
Kraken Futures PF_NATGASUSD