NG Funding Rate History
NG perpetual futures funding ranges from 0.00 bps on OKX to 1.00 bps on GATEIO across 5 reporting venues, a spread of 1.00 bps. The most extreme rate (10.95% APY annualized) is on GATEIO. 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 |
|---|---|---|---|---|
| GATEIO | 1.00 bps | 10.95% APY | -0.60 bps | $368.38K |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $255.22K |
| PARADEX | 0.50 bps | 5.47% APY | -0.70 bps | $121.82 |
| VEST | 0.30 bps | 3.28% APY | -0.50 bps | $112.85K |
| OKX | 0.00 bps | 0.00% APY | -1.30 bps | $4.48M |
Last updated 2026-07-16T16:36:16Z (UTC).
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Related: NG open interest, NG volume, NG perp market data.