Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h −0.001%
Price spread now: Phemex against HTX−0.017%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$970.968% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.017%, 7d avg −0.058%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.041% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX NATGAS-USDT | 3.0025 | 0 | get 0.0000% / 4h | 12m 25s | $117K | $216K | 75x |
| Short | Phemex NGUSDT | 3.0020 | 0.0100 | get 0.0050% / 4h | 12m 25s | $1.5M | $90K | 10x |
HTX NATGAS-USDT
Phemex NGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $21
- Price spread: −0.017% → −0.058%
- $4.1
- Slippage, 4 orders
- −$72.85
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$71.74
- Costs to cover
- 0.968%
- Break-even
- 30.9 days
Slippage from HTX: live order book, 24 min ago; Phemex: live order book, 1 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, 24 min ago | 4.32 bp | 10.3 bp −$10 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 5.00 bp | 33.9 bp −$34 | doesn't fit | 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 | 2.8384 | −5.465% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.023% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDTlong | 0.0000% | 4h | 3.0025 | long leg | $117K | $216K | 75x | |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0020 | −0.017% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0021 | −0.013% | $630K | $495K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0011 | −0.046% | $109K | $275K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0014 | −0.037% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | −0.017% | — | $14K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0048% | 4h | 3.0019 | −0.019% | $15K | $222K | 25x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0009 | −0.053% | $6.0M | $5.3M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
GRVT NATGAS_USDT_Perp
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0058 | +0.110% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0027 | +0.008% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0003 | −0.073% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.083% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.083% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTshort | +0.0100% | 4h | 3.0020 | −0.017% | $1.5M | $90K | 10x | |
| KuCoin NATGASUSDTM | +0.0144% | 4h | 3.0000 | −0.083% | $1.0M | $869K | 20x | as long as short |
| Aster NATGASUSDT | +0.0161% | 4h | 3.0040 | +0.050% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGAS | +0.0356% | 4h | 3.0020 | −0.015% | $318K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0377% | 4h | 3.0010 | −0.050% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0394% | 4h | 3.0016 | −0.031% | $85K | $213K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0565% | 8h | 2.9990 | −0.117% | $801K | $1.8M | 50x | as long as short |
| BloFin NG-USDT | +0.0573% | 8h | 3.0020 | −0.017% | $80K | $198K | 20x | as long as short |
| Gate NG_USDT | +0.0574% | 8h | 3.0040 | +0.050% | $1.5M | $196K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0587% / S −0.0601% | 1h | 3.0035 | +0.033% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0832% | 4h | 2.9990 | −0.117% | $9.9M | $3.0M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0030 | +0.017% | $55K | $35K | 20x | as long as short |
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
OKX NG-USDT-SWAP
BloFin NG-USDT
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD