Funding you earn now, next payment 08:00 UTC+0.0479%/8h= +52.4% APRpaid last 24h +0.128%
Price spread now: GMX against Phemex−0.017%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
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0060 | 0.0100 | pay 0.0050% / 4h | 57m 29s | $1.5M | $92K | 10x |
| Short | GMX NATGAS/USD [ETH-USDC] | 3.0055 | L +0.0568% / S −0.0579% | get 0.0072% / 1h | 57m 29s | $88K | — | 45x |
Phemex NGUSDT
GMX NATGAS/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $100.5
- Price spread: −0.017% → 0.000%
- −$1.66
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $74.83
- Costs to cover
- 0.240%
- Break-even
- 1.8 days
Slippage unknown: Phemex: live order book, 5 min ago; 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 Phemex live order book, 5 min ago | 6.66 bp | 38.7 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 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 | 2.8434 | −5.409% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0102 | +0.140% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0040 | −0.067% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0046 | −0.047% | $629K | $487K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0036 | −0.079% | $111K | $283K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0044% | 4h | 3.0063 | +0.010% | $117K | $218K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0059 | −0.003% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0059 | −0.004% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0070% | 1h | 3.0046 | −0.047% | $6.0M | $5.3M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0040 | −0.067% | $68K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.200% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.200% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 3.0060 | long leg | $1.5M | $92K | 10x | |
| GRVT NATGAS_USDT_Perp | +0.0132% | 4h | 3.0054 | −0.021% | $15K | $222K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0204% | 4h | 3.0050 | −0.033% | $1.0M | $897K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0216% | 1h | 3.0059 | −0.003% | $35K | — | 20x | as long as short |
| Aster NATGASUSDT | +0.0247% | 4h | 3.0070 | +0.032% | $265K | $68K | 50x | as long as short |
| Variational Omni NATGAS | +0.0472% | 4h | 3.0060 | −0.001% | $318K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0491% | 4h | 3.0050 | −0.033% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0070 | +0.034% | $85K | $213K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | L +0.0568% / S −0.0579% | 1h | 3.0055 | −0.017% | $88K | — | 45x | |
| Gate NG_USDT | +0.0584% | 8h | 3.0070 | +0.033% | $1.5M | $195K | 100x | as long as short |
| BloFin NG-USDT | +0.0633% | 8h | 3.0050 | −0.033% | $83K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0655% | 8h | 3.0050 | −0.033% | $876K | $1.7M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0861% | 1h | 3.0069 | +0.031% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0916% | 4h | 3.0010 | −0.166% | $9.9M | $3.1M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Hotstuff NATGAS-PERP
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT