Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%
Price spread now: tradeXYZ against Orderly+0.030%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. tradeXYZ is 0.030% dearer against Orderly than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 48 hours.
| 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 | 4h 59m | $3K | $544 | 10x |
| Short | tradeXYZ xyz:NATGAS | 3.0009 | 0.0050 | get 0.0006% / 1h | 59m 15s | $6.0M | $5.9M | 10x |
Orderly PERP_NATGAS_USDC_mythos
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$10.5
- Price spread: +0.030% → 0.000%
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$31.5
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 9 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 Orderly no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 9 min ago | 0.33 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | 3.0032 | +0.107% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0000 | 0.000% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0009 | +0.030% | $619K | $494K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0012 | +0.040% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | +0.067% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0050% | 1h | 3.0009 | +0.030% | $6.0M | $5.9M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0028 | +0.093% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0059% | 8h | 3.0021 | +0.071% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9981 | −0.063% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $214K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Extended XNG-USD | +0.0128% | 1h | 2.9998 | −0.007% | $110K | $445K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0238% | 4h | 3.0061 | +0.203% | $105K | $216K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0380% | 4h | 3.0001 | +0.002% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0384% | 4h | 3.0000 | 0.000% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0411% | 4h | 3.0003 | +0.012% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0443% / S −0.0382% | 1h | 3.0015 | +0.050% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0460% | 8h | 3.0040 | +0.133% | $1.5M | $188K | 100x | as long as short |
| BloFin NG-USDT | +0.0475% | 8h | 2.9990 | −0.033% | $80K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0481% | 8h | 3.0000 | 0.000% | $853K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0595% | 4h | 3.0009 | +0.029% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0625% | 4h | 3.0015 | +0.051% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0639% | 4h | 3.0009 | +0.030% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0994% | 1h | 3.0025 | +0.084% | $53K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0996% | 4h | 2.9980 | −0.067% | $9.9M | $3.4M | 100x | as long as short |
Phemex NGUSDT
Extended XNG-USD
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT