Funding you earn now, next payment 04:00 UTC−0.0701%/8h= −76.7% APRnext payment −$3.50 per $10,000 · paid last 24h −0.220%
Price spread now: HTX against Bitget+0.150%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days−1.110%−$111 on $10k
+Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.150%, 7d avg +0.097%
=The price spread pays, funding is against you. HTX is 0.053% dearer against Bitget than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of +0.097%): +$5 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 2.9990 | 0.0940 | pay 0.0470% / 4h | 1h 30m | $9.9M | $3.4M | 100x |
| Short | HTX NATGAS-USDT | 3.0035 | 0.0239 | get 0.0120% / 4h | 1h 30m | $101K | $214K | 75x |
Bitget NATGASUSDT
HTX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bitget. 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
- −$147.13
- Price spread: +0.150% → +0.097%
- $5.34
- Slippage, 4 orders
- −$17.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$183.41
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 31 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 Bitget live order book, 3 min ago | 1.67 bp | 10.5 bp −$11 | 20.3 bp −$203 | 71.5 bp −$7,154 | doesn't fit |
| Sell HTX live order book, 31 min ago | 4.16 bp | 10.5 bp −$10 | 19.4 bp −$194 | 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 | 2.8439 | −5.172% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0041 | +0.170% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | +0.067% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0025 | +0.117% | $619K | $494K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.067% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9996 | +0.020% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0064% | 8h | 3.0029 | +0.129% | $5K | — | 5x | as long as short |
| Extended XNG-USD | +0.0064% | 1h | 2.9998 | +0.027% | $110K | $444K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0011 | +0.070% | $35K | — | 20x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0020 | +0.101% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Extended XNG-USD
Hotstuff NATGAS-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | +0.033% | $37K | $217K | 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 | 3.0030 | +0.133% | $1.5M | $95K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0104% | 1h | 3.0010 | +0.067% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDTshort | +0.0239% | 4h | 3.0035 | +0.150% | $101K | $214K | 75x | |
| KuCoin NATGASUSDTM | +0.0338% | 4h | 3.0020 | +0.100% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0352% | 4h | 3.0015 | +0.084% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0390% | 4h | 3.0017 | +0.089% | $12K | $214K | 25x | as long as short |
| BloFin NG-USDT | +0.0415% | 8h | 2.9990 | 0.000% | $81K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0422% | 8h | 3.0020 | +0.100% | $854K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0430% | 8h | 3.0060 | +0.233% | $1.5M | $209K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0433% / S −0.0371% | 1h | 3.0025 | +0.117% | $92K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0532% | 4h | 3.0019 | +0.096% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0563% | 4h | 3.0011 | +0.070% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0569% | 4h | 3.0024 | +0.113% | $10.2M | $29.0M | 100x | as long as short |
| Bitget NATGASUSDTlong | +0.0940% | 4h | 2.9990 | long leg | $9.9M | $3.4M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0034 | +0.146% | $54K | $36K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
tradeXYZ xyz:NATGAS
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
BloFin NG-USDT
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD