Funding you earn now, next payment 05:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h +0.008%
Price spread now: tradeXYZ against Hotstuff+0.023%48s7-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 airdropHotstuff: Active · tradeXYZ: Active · farm boardneeds both histories
The price spread pays, funding is against you. tradeXYZ is 0.023% dearer against Hotstuff than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5.1 days. The two prices were read 48 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 | Hotstuff NATGAS-PERP | 3.0002 | 0.0072 | pay 0.0009% / 1h | 40m 41s | $35K | — | 20x |
| Short | tradeXYZ xyz:NATGAS | 3.0009 | 0.0057 | get 0.0007% / 1h | 40m 41s | $6.0M | $5.7M | 10x |
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Hotstuff. 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
- −$3.22
- Price spread: +0.023% → 0.000%
- $2.33
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$23.89
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; tradeXYZ: live order book, 8 min ago. 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 8 min ago | 0.17 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
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 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 | 2.8414 | −5.293% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0031 | +0.097% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0020 | +0.060% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0007 | +0.017% | $626K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0004 | +0.007% | $110K | $395K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.027% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9999 | −0.010% | $82K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0057% | 1h | 3.0009 | +0.023% | $6.0M | $5.7M | 10x | |
| Hotstuff NATGAS-PERPlong | +0.0072% | 1h | 3.0002 | long leg | $35K | — | 20x | |
| Paradex NG-USD-PERP | +0.0075% | 8h | 3.0027 | +0.085% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9988 | −0.047% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.007% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.007% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.060% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0328% | 4h | 3.0010 | +0.027% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0374% | 4h | 3.0043 | +0.137% | $264K | $74K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0403% | 4h | 3.0054 | +0.173% | $107K | $214K | 75x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0472% / S −0.0414% | 1h | 3.0025 | +0.077% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0531% | 8h | 3.0050 | +0.160% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0557% | 8h | 3.0010 | +0.027% | $861K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0576% | 4h | 3.0020 | +0.059% | $316K | $449K | — | as long as short |
| BloFin NG-USDT | +0.0580% | 8h | 2.9990 | −0.040% | $81K | $191K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0596% | 4h | 3.0017 | +0.050% | $12K | $230K | 25x | as long as short |
| Binance NATGASUSDT | +0.0597% | 4h | 3.0024 | +0.074% | $10.2M | $28.4M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0617% | 4h | 3.0012 | +0.033% | $85K | $211K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0856% | 1h | 3.0040 | +0.127% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0978% | 4h | 2.9990 | −0.040% | $9.9M | $3.2M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
BloFin NG-USDT
GRVT NATGAS_USDT_Perp
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT