Funding you earn now, next payment 08:00 UTC+0.0131%/8h= +14.4% APRpaid last 24h +0.059%
Price spread now: Aster against tradeXYZ−0.025%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$800.798% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.025%, 7d avg +0.053%
=Together, before fees+0.097%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.078% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.053%). If the spread goes back, that is −$8 on $10k: about 47 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.036% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NATGAS | 3.0075 | 0.0050 | pay 0.0006% / 1h | 30m 39s | $6.0M | $5.2M | 10x |
| Short | Aster NATGASUSDT | 3.0068 | 0.0181 | get 0.0091% / 4h | 30m 39s | $265K | $65K | 50x |
tradeXYZ xyz:NATGAS
Aster NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against tradeXYZ. 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
- $27.55
- Price spread: −0.025% → +0.053%
- −$7.78
- Slippage, 4 orders
- −$53.76
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$60
- Costs to cover
- 0.798%
- Break-even
- 22.2 days
Slippage from tradeXYZ: live order book, 8 min ago; Aster: live order book, 6 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 tradeXYZ live order book, 8 min ago | 0.67 bp | 10.2 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Aster live order book, 6 min ago | 6.65 bp | 16.9 bp −$17 | 17.3 bp −$173 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0032% | 1h | 3.0078 | +0.010% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8455 | −5.387% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.057% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.057% | $117K | $217K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0060 | −0.050% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0080 | +0.017% | $632K | $495K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0068 | −0.024% | $111K | $271K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.017% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0050% | 1h | 3.0075 | long leg | $6.0M | $5.2M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0088 | +0.043% | $83K | $26K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
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 | +0.0051% | 8h | 3.0078 | +0.010% | $5K | — | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0076% | 4h | 3.0050 | −0.083% | $15K | $222K | 25x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0070 | −0.018% | $70K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.083% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.249% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | −0.017% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0164% | 4h | 3.0060 | −0.050% | $1.0M | $884K | 20x | as long as short |
| Aster NATGASUSDTshort | +0.0181% | 4h | 3.0068 | −0.025% | $265K | $65K | 50x | |
| Variational Omni NATGAS | +0.0393% | 4h | 3.0069 | −0.018% | $319K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0417% | 4h | 3.0070 | −0.017% | $10.4M | $28.4M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0438% | 4h | 3.0067 | −0.028% | $85K | $213K | 20x | as long as short |
| Gate NG_USDT | +0.0577% | 8h | 3.0090 | +0.050% | $1.5M | $195K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0578% / S −0.0591% | 1h | 3.0075 | 0.000% | $88K | — | 45x | as long as short |
| BloFin NG-USDT | +0.0611% | 8h | 3.0060 | −0.050% | $82K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0613% | 8h | 3.0050 | −0.083% | $852K | $1.8M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0860% | 1h | 3.0090 | +0.051% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0866% | 4h | 3.0040 | −0.116% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
GRVT NATGAS_USDT_Perp
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT