Funding you earn now, next payment 08:00 UTC−0.0373%/8h= −40.9% APRnext payment −$1.87 per $10,000 · paid last 24h −0.097%
Price spread now: HTX against Binance+0.057%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days−0.328%−$33 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.057%, 7d avg +0.032%
=The price spread pays, funding is against you. HTX is 0.025% dearer against Binance than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.032%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.328% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 3.0010 | 0.0373 | pay 0.0187% / 4h | 10m 50s | $10.4M | $28.6M | 100x |
| Short | HTX NATGAS-USDT | 3.0027 | 0 | get 0.0000% / 4h | 10m 50s | $117K | $216K | 75x |
Binance NATGASUSDT
HTX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Binance. 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
- −$78.37
- Price spread: +0.057% → +0.032%
- $2.49
- Slippage, 4 orders
- −$11.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$109.84
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; HTX: live order book, 26 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 Binance live order book, 15 min ago | 1.66 bp | 6.7 bp −$7 | 9.1 bp −$91 | 28.4 bp −$2,835 | 118.7 bp −$59.4K |
| Sell HTX live order book, 26 min ago | 4.32 bp | 10.3 bp −$10 | 19.1 bp −$191 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8380 | −5.432% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.073% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDTshort | 0.0000% | 4h | 3.0027 | +0.057% | $117K | $216K | 75x | |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0010 | 0.000% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0017 | +0.023% | $630K | $495K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0006 | −0.012% | $109K | $273K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | 0.000% | — | $14K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0046% | 4h | 3.0012 | +0.005% | $15K | $222K | 25x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0011 | +0.003% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0058 | +0.160% | $82K | $26K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
GRVT NATGAS_USDT_Perp
tradeXYZ xyz:NATGAS
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 | 3.0022 | +0.039% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9994 | −0.053% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.033% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | 0.000% | $1.5M | $90K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0120% | 1h | 3.0019 | +0.030% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0144% | 4h | 3.0000 | −0.033% | $1.0M | $868K | 20x | as long as short |
| Aster NATGASUSDT | +0.0158% | 4h | 3.0040 | +0.100% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGAS | +0.0349% | 4h | 3.0011 | +0.004% | $318K | $390K | — | as long as short |
| Binance NATGASUSDTlong | +0.0373% | 4h | 3.0010 | long leg | $10.4M | $28.6M | 100x | |
| edgeX NATGASUSDC | +0.0394% | 4h | 3.0016 | +0.019% | $85K | $213K | 20x | as long as short |
| BloFin NG-USDT | +0.0546% | 8h | 3.0020 | +0.033% | $80K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0561% | 8h | 2.9990 | −0.067% | $802K | $1.8M | 50x | as long as short |
| Gate NG_USDT | +0.0573% | 8h | 3.0040 | +0.100% | $1.5M | $196K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0589% / S −0.0603% | 1h | 3.0015 | +0.017% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0830% | 4h | 2.9990 | −0.067% | $9.9M | $3.0M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0029 | +0.065% | $55K | $35K | 20x | as long as short |
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD