Funding you earn now, next payment 08:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.060%
Price spread now: BloFin against HTX−0.146%59s7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.383% of the position
Funding, last 7 days+0.399%+$40 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.146%, 7d avg −0.091%
=Funding pays, the price is against you. BloFin is 0.055% cheaper against HTX than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of −0.091%). If the spread goes back, that is −$6 on $10k: about 2.9 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.399% in total) that is about 23 hours. The two prices were read 59 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 | HTX NATGAS-USDT | 3.0074 | 0.0516 | pay 0.0258% / 4h | 3h 20m | $107K | $211K | 75x |
| Short | BloFin NG-USDT | 3.0030 | 0.0579 | get 0.0579% / 8h | 3h 20m | $82K | $194K | 20x |
HTX NATGAS-USDT
BloFin NG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against HTX. 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
- $13.28
- Price spread: −0.146% → −0.091%
- −$5.51
- Slippage, 4 orders
- −$14.32
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$30.55
- Costs to cover
- 0.383%
- Break-even
- 23.1 days
Slippage from HTX: live order book, 31 min ago; BloFin: live order book, 70 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 HTX live order book, 31 min ago | 1.50 bp | 7.5 bp −$7 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 70 min ago | 1.66 bp | 10.2 bp −$10 | 16.0 bp −$160 | 71.3 bp −$7,129 | doesn't fit |
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 | 3.0051 | −0.076% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0020 | −0.180% | $669K | $91K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0016 | −0.193% | $35K | — | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0013 | −0.203% | $627K | $502K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.213% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0019 | −0.183% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0073% | 8h | 3.0037 | −0.124% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0089% | 1h | 3.0016 | −0.193% | $6.0M | $5.6M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0000 | −0.246% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.246% | $37K | $218K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Hotstuff NATGAS-PERP
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.246% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | −0.146% | $1.5M | $93K | 10x | as long as short |
| Extended XNG-USD | +0.0152% | 1h | 3.0003 | −0.237% | $110K | $365K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0360% | 4h | 3.0020 | −0.180% | $1.0M | $992K | 20x | as long as short |
| Aster NATGASUSDT | +0.0405% | 4h | 3.0043 | −0.102% | $264K | $74K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0484% / S −0.0427% | 1h | 3.0035 | −0.130% | $92K | — | 45x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0492% | 4h | 3.0014 | −0.199% | $13K | $223K | 25x | as long as short |
| HTX NATGAS-USDTlong | +0.0516% | 4h | 3.0074 | long leg | $107K | $211K | 75x | |
| Gate NG_USDT | +0.0546% | 8h | 3.0060 | −0.047% | $1.5M | $193K | 100x | as long as short |
| BloFin NG-USDTshort | +0.0579% | 8h | 3.0030 | −0.146% | $82K | $194K | 20x | |
| OKX NG-USDT-SWAP | +0.0587% | 8h | 3.0030 | −0.146% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0612% | 4h | 3.0030 | −0.147% | $317K | $439K | — | as long as short |
| Binance NATGASUSDT | +0.0634% | 4h | 3.0034 | −0.132% | $10.3M | $28.3M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0641% | 4h | 3.0029 | −0.148% | $85K | $212K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0046 | −0.093% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1006% | 4h | 3.0000 | −0.246% | $9.9M | $3.2M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
GRVT NATGAS_USDT_Perp
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT