Funding you earn now, next payment 03:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h +0.138%
Price spread now: GMX against Orderly+0.050%61s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and GMX is 0.050% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 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 | Orderly PERP_NATGAS_USDC_mythos | 3.0000 | 0.0100 | pay 0.0100% / 8h | 5h 49m | $3K | $544 | 10x |
| Short | GMX NATGAS/USD [ETH-USDC] | 3.0015 | L +0.0427% / S −0.0364% | get 0.0046% / 1h | 49m 29s | $92K | — | 45x |
Orderly PERP_NATGAS_USDC_mythos
GMX NATGAS/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Orderly. 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
- $55.5
- Price spread: +0.050% → 0.000%
- $5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $42.5
- Costs to cover
- 0.180%
- Break-even
- 1.6 days
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Orderly and 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8385 | −5.383% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.107% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0020 | +0.067% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0026 | +0.087% | $619K | $445K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0005 | +0.017% | $110K | $442K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.033% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0031 | +0.103% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0029 | +0.098% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0065% | 1h | 3.0012 | +0.040% | $5.9M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9998 | −0.007% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythoslong | +0.0100% | 8h | 3.0000 | long leg | $3K | $544 | 10x | |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | +0.033% | $1.5M | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0216% | 4h | 3.0029 | +0.097% | $98K | $210K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0268% | 4h | 3.0020 | +0.067% | $1.0M | $1.1M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0272% | 1h | 3.0023 | +0.077% | $35K | — | 20x | as long as short |
| Aster NATGASUSDT | +0.0287% | 4h | 3.0011 | +0.036% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0364% | 4h | 3.0010 | +0.033% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0387% | 8h | 3.0020 | +0.067% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0404% | 8h | 3.0050 | +0.167% | $1.5M | $208K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | L +0.0427% / S −0.0364% | 1h | 3.0015 | +0.050% | $92K | — | 45x | |
| Variational Omni NATGAS | +0.0459% | 4h | 3.0009 | +0.030% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0505% | 4h | 3.0024 | +0.081% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0010 | +0.034% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0826% | 4h | 3.0000 | 0.000% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0023 | +0.077% | $53K | $36K | 20x | as long as short |
ApeX Omni NATGASUSDT
Phemex NGUSDT
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Hotstuff NATGAS-PERP
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD