Funding you earn now, next payment 12:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.58 per $10,000 · paid last 24h +0.047%
Price spread now: Aster against Phemex−0.058%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1221.215% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.058%, 7d avg +0.017%
=Together, before fees+0.044%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.075% cheaper against Phemex than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.017%). If the spread goes back, that is −$8 on $10k: about 2.2 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 2.9960 | 0.0100 | pay 0.0050% / 4h | 2h 57m | $1.5M | $92K | 10x |
| Short | Aster NATGASUSDT | 2.9943 | 0.0215 | get 0.0108% / 4h | 2h 57m | $264K | $68K | 50x |
Phemex NGUSDT
Aster NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $24.19
- Price spread: −0.058% → +0.017%
- −$7.52
- Slippage, 4 orders
- −$101.54
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$104.86
- Costs to cover
- 1.215%
- Break-even
- 37.3 days
Slippage from Phemex: live order book, 1 min ago; Aster: live order book, 35 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 Phemex live order book, 1 min ago | 3.34 bp | 37.2 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 35 min ago | 4.99 bp | 15.2 bp −$15 | 19.4 bp −$194 | 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 | 2.8324 | −5.461% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9981 | +0.070% | $2K | $2.1M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0024% | 1h | 2.9970 | +0.033% | $660K | $98K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9957 | −0.010% | $632K | $481K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9959 | −0.004% | $112K | $259K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9970 | +0.033% | — | $14K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0047% | 4h | 2.9977 | +0.057% | $118K | $221K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 2.9973 | +0.043% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9950 | −0.033% | $5.9M | $5.6M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9973 | +0.043% | $84K | $28K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
HTX NATGAS-USDT
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0076% | 8h | 2.9975 | +0.051% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9956 | −0.013% | $70K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.200% | $36K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 2.9900 | −0.200% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 2.9960 | long leg | $1.5M | $92K | 10x | |
| Aster NATGASUSDTshort | +0.0215% | 4h | 2.9943 | −0.058% | $264K | $68K | 50x | |
| KuCoin NATGASUSDTM | +0.0228% | 4h | 2.9960 | 0.000% | $1.1M | $851K | 20x | as long as short |
| Gate NG_USDT | +0.0247% | 8h | 2.9990 | +0.100% | $1.5M | $198K | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0282% | 4h | 2.9946 | −0.045% | $20K | $205K | 25x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0298% | 1h | 2.9959 | −0.002% | $53K | $45K | 20x | as long as short |
| Variational Omni NATGAS | +0.0405% | 4h | 2.9949 | −0.035% | $355K | $429K | — | as long as short |
| Binance NATGASUSDT | +0.0408% | 4h | 2.9948 | −0.041% | $9.8M | $31.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0438% | 4h | 2.9959 | −0.002% | $85K | $211K | 20x | as long as short |
| BloFin NG-USDT | +0.0476% | 8h | 2.9960 | 0.000% | $77K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0490% | 8h | 2.9930 | −0.100% | $812K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0586% / S −0.0602% | 1h | 2.9945 | −0.050% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0856% | 4h | 2.9940 | −0.067% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
KuCoin NATGASUSDTM
Gate NG_USDT
GRVT NATGAS_USDT_Perp
Kraken Futures PF_NATGASUSD
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT