Funding you earn now, next payment 08:00 UTC+0.0492%/8h= +53.9% APRnext payment +$2.46 per $10,000 · paid last 24h +0.101%
Price spread now: edgeX against Phemex−0.034%78s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1261.258% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.034%, 7d avg +0.007%
=Together, before fees+0.215%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.041% cheaper against Phemex than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.007%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.176% in total) that is about 39 hours. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.176% in total (about 9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0070 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $1.5M | $93K | 10x |
| Short | edgeX NATGASUSDC | 3.0060 | 0.0592 | get 0.0296% / 4h | 2h 08m | $85K | $212K | 20x |
Phemex NGUSDT
edgeX NATGASUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $103.3
- Price spread: −0.034% → +0.007%
- −$4.15
- Slippage, 4 orders
- −$104.83
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$26.68
- Costs to cover
- 1.258%
- Break-even
- 8.8 days
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 39 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, 5 min ago | 1.66 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 39 min ago | 13.32 bp | 21.1 bp −$21 | 29.2 bp −$292 | 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 | 2.8465 | −5.338% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0102 | +0.106% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0076 | +0.020% | $629K | $504K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0068 | −0.005% | $110K | $333K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0082 | +0.040% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0070 | 0.000% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0080 | +0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0049 | −0.070% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0057% | 1h | 3.0074 | +0.013% | $6.0M | $5.5M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0093 | +0.076% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0076 | +0.020% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.233% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.233% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 3.0070 | long leg | $1.5M | $93K | 10x | |
| HTX NATGAS-USDT | +0.0130% | 4h | 3.0080 | +0.033% | $107K | $211K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0170% | 4h | 3.0052 | −0.060% | $13K | $212K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0316% | 4h | 3.0060 | −0.033% | $1.0M | $945K | 20x | as long as short |
| Aster NATGASUSDT | +0.0338% | 4h | 3.0097 | +0.089% | $265K | $75K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0528% / S −0.0529% | 1h | 3.0075 | +0.017% | $88K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0561% | 4h | 3.0060 | −0.034% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0580% | 4h | 3.0070 | 0.000% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDCshort | +0.0592% | 4h | 3.0060 | −0.034% | $85K | $212K | 20x | |
| Gate NG_USDT | +0.0613% | 8h | 3.0100 | +0.100% | $1.5M | $196K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0652% | 8h | 3.0050 | −0.067% | $867K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0652% | 8h | 3.0070 | 0.000% | $81K | $195K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0986% | 4h | 3.0040 | −0.100% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1180% | 1h | 3.0096 | +0.085% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD