Funding you earn now, next payment 05:00 UTC−0.0437%/8h= −47.9% APRnext payment −$0.55 per $10,000 · paid last 24h −0.132%
Price spread now: Hotstuff against GMX−0.047%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Hotstuff is 0.047% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NATGAS/USD [ETH-USDC] | 3.0055 | L +0.0469% / S −0.0411% | pay 0.0059% / 1h | 48m 52s | $92K | — | 45x |
| Short | Hotstuff NATGAS-PERP | 3.0041 | 0.0032 | get 0.0004% / 1h | 48m 52s | $35K | — | 20x |
GMX NATGAS/USD [ETH-USDC]
Hotstuff NATGAS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against GMX. 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
- −$91.86
- Price spread: −0.047% → 0.000%
- −$4.66
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$113.52
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hotstuff: no order-book sample. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
GMX and Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NATGAS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.057% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0050 | −0.017% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0037 | −0.060% | $621K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0028 | −0.089% | $110K | $404K | 5x | as long as short |
| Hotstuff NATGAS-PERPshort | +0.0032% | 1h | 3.0041 | −0.047% | $35K | — | 20x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.083% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0030 | −0.083% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0062% | 8h | 3.0075 | +0.065% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0084% | 1h | 3.0042 | −0.043% | $6.0M | $5.7M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0030 | −0.083% | $68K | $33K | 10x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.183% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.183% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0050 | −0.017% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0328% | 4h | 3.0040 | −0.050% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0368% | 4h | 3.0040 | −0.050% | $264K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC]long | L +0.0469% / S −0.0411% | 1h | 3.0055 | long leg | $92K | — | 45x | |
| Gate NG_USDT | +0.0521% | 8h | 3.0090 | +0.116% | $1.5M | $191K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0546% | 8h | 3.0050 | −0.017% | $861K | $1.7M | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0546% | 4h | 3.0030 | −0.083% | $25K | $218K | 25x | as long as short |
| HTX NATGAS-USDT | +0.0547% | 4h | 3.0070 | +0.050% | $107K | $214K | 75x | as long as short |
| Variational Omni NATGAS | +0.0561% | 4h | 3.0040 | −0.051% | $317K | $449K | — | as long as short |
| BloFin NG-USDT | +0.0575% | 8h | 3.0020 | −0.116% | $81K | $191K | 20x | as long as short |
| edgeX NATGASUSDC | +0.0587% | 4h | 3.0040 | −0.051% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0588% | 4h | 3.0050 | −0.017% | $10.2M | $28.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0063 | +0.027% | $54K | $33K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0980% | 4h | 3.0020 | −0.116% | $9.9M | $3.2M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Gate NG_USDT
OKX NG-USDT-SWAP
GRVT NATGAS_USDT_Perp
HTX NATGAS-USDT
Variational Omni NATGAS
BloFin NG-USDT
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT