NG Funding Rate History
NG perpetual futures funding ranges from 0.50 bps on VEST to 10.80 bps on PARADEX across 5 reporting venues, a spread of 10.30 bps. The most extreme rate (118.26% APY annualized) is on PARADEX. 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 |
|---|---|---|---|---|
| PARADEX | 10.80 bps | 118.26% APY | 9.60 bps | $0 |
| AFTERMATH | 5.30 bps | 58.03% APY | 5.50 bps | $0 |
| OKX | 1.30 bps | 14.23% APY | 14.10 bps | $1.09M |
| PHEMEX | 1.00 bps | 10.95% APY | 1.30 bps | $91.09K |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $121.77K |
Last updated 2026-05-16T14:47:49.011209Z (UTC).
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Related: NG open interest, NG volume, NG perp market data.