NG Funding Rate History
NG perpetual futures funding ranges from 0.00 bps on OKX to 5.20 bps on AFTERMATH across 6 reporting venues, a spread of 5.20 bps. The most extreme rate (56.94% APY annualized) is on AFTERMATH. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on NG price.
NG Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| AFTERMATH | 5.20 bps | 56.94% APY | 5.20 bps | $0 |
| GATEIO | 1.00 bps | 10.95% APY | 1.00 bps | $294.72K |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $13.15K |
| PARADEX | 1.00 bps | 10.95% APY | 0.70 bps | $4.45K |
| VEST | 0.50 bps | 5.47% APY | 0.40 bps | $308.25K |
| OKX | 0.00 bps | 0.00% APY | -0.30 bps | $3.01M |
Last updated 2026-06-01T15:08:33.895828Z (UTC).
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Related: NG open interest, NG volume, NG perp market data.