Funding you earn now, next payment 06:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.037%
Price spread now: Hotstuff against GRVT+0.031%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropGRVT: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.031% dearer against GRVT than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT NATGAS_USDT_Perp | 3.0044 | 0.0430 | pay 0.0215% / 4h | 2h 50m | $13K | $224K | 25x |
| Short | Hotstuff NATGAS-PERP | 3.0053 | 0.0160 | get 0.0020% / 1h | 50m 37s | $35K | — | 20x |
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against GRVT. 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
- −$56.7
- Price spread: +0.031% → 0.000%
- $3.11
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$67.59
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 62 min ago; 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 GRVT live order book, 62 min ago | 1.66 bp | 12.1 bp −$12 | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | +0.094% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0052 | +0.028% | $629K | $503K | 10x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0050 | +0.021% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.021% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0072 | +0.094% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0084% | 8h | 3.0078 | +0.114% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0031 | −0.042% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.145% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.145% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | +0.054% | $1.5M | $93K | 10x | as long as short |
SunX NATGAS-USDT
Lighter NATGAS
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XNG-USD | +0.0136% | 1h | 3.0047 | +0.012% | $110K | $364K | 5x | as long as short |
| Hotstuff NATGAS-PERPshort | +0.0160% | 1h | 3.0053 | +0.031% | $35K | — | 20x | |
| tradeXYZ xyz:NATGAS | +0.0182% | 1h | 3.0059 | +0.051% | $6.0M | $5.6M | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0378% | 4h | 3.0040 | −0.012% | $1.0M | $977K | 20x | as long as short |
| HTX NATGAS-USDT | +0.0425% | 4h | 3.0062 | +0.061% | $107K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perplong | +0.0430% | 4h | 3.0044 | long leg | $13K | $224K | 25x | |
| Aster NATGASUSDT | +0.0440% | 4h | 3.0060 | +0.054% | $264K | $74K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0501% / S −0.0446% | 1h | 3.0055 | +0.038% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0572% | 8h | 3.0100 | +0.188% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0634% | 8h | 3.0050 | +0.021% | $868K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0635% | 8h | 3.0030 | −0.045% | $82K | $195K | 20x | as long as short |
| Variational Omni NATGAS | +0.0643% | 4h | 3.0050 | +0.020% | $317K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0672% | 4h | 3.0065 | +0.072% | $10.3M | $28.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0683% | 4h | 3.0047 | +0.011% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1038% | 4h | 3.0030 | −0.045% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1181% | 1h | 3.0071 | +0.092% | $56K | $35K | 20x | as long as short |
Extended XNG-USD
tradeXYZ xyz:NATGAS
KuCoin NATGASUSDTM
HTX NATGAS-USDT
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD