Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.015%
Price spread now: Hotstuff against Phemex−0.040%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 $0 a day on $10k at the current rate, and Hotstuff is 0.040% cheaper against Phemex than usual: you would sell low and buy high (−$4 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 | Phemex NGUSDT | 2.9940 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $1.5M | $100K | 10x |
| Short | Hotstuff NATGAS-PERP | 2.9928 | 0.0088 | get 0.0011% / 1h | 7m 43s | $35K | — | 20x |
Phemex NGUSDT
Hotstuff NATGAS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Phemex. 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
- −$2.52
- Price spread: −0.040% → 0.000%
- −$4.01
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$23.53
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 3.34 bp | 33.9 bp −$34 | doesn't fit | 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 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 | 2.8280 | −5.544% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9952 | +0.040% | $2K | $2.6M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9935 | −0.017% | $619K | $411K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9930 | −0.033% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9960 | +0.067% | $84K | $45K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0064% | 1h | 2.9920 | −0.067% | $5.9M | $6.0M | 10x | as long as short |
| Hotstuff NATGAS-PERPshort | +0.0088% | 1h | 2.9928 | −0.040% | $35K | — | 20x | |
| Pacifica NATGAS | +0.0100% | 1h | 2.9913 | −0.090% | $68K | $34K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.134% | $36K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 2.9900 | −0.134% | $3K | $544 | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythosShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex NGUSDTlong | +0.0100% | 4h | 2.9940 | long leg | $1.5M | $100K | 10x | |
| Paradex NG-USD-PERP | +0.0103% | 8h | 2.9931 | −0.031% | $5K | — | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0134% | 4h | 2.9920 | −0.067% | $1.0M | $1.2M | 20x | as long as short |
| HTX NATGAS-USDT | +0.0159% | 4h | 2.9954 | +0.047% | $98K | $215K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0160% | 1h | 2.9930 | −0.033% | $657K | $86K | 20x | as long as short |
| Gate NG_USDT | +0.0222% | 8h | 2.9960 | +0.067% | $1.5M | $307K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0291% | 8h | 2.9930 | −0.033% | $856K | $1.7M | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0310% | 4h | 2.9932 | −0.027% | $13K | $246K | 25x | as long as short |
| BloFin NG-USDT | +0.0314% | 8h | 2.9930 | −0.033% | $80K | $189K | 20x | as long as short |
| Extended XNG-USD | +0.0320% | 1h | 2.9915 | −0.085% | $110K | $471K | 5x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0406% / S −0.0333% | 1h | 2.9935 | −0.017% | $93K | — | 45x | as long as short |
| Aster NATGASUSDT | +0.0463% | 4h | 2.9941 | +0.003% | $265K | $105K | 50x | as long as short |
| Variational Omni NATGAS | +0.0506% | 4h | 2.9941 | +0.003% | $311K | $444K | — | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0515% | 1h | 2.9949 | +0.030% | $52K | $42K | 20x | as long as short |
| Binance NATGASUSDT | +0.0559% | 4h | 2.9937 | −0.009% | $10.1M | $30.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0593% | 4h | 2.9941 | +0.003% | $85K | $211K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0744% | 4h | 2.9900 | −0.134% | $10.0M | $3.9M | 100x | as long as short |
Paradex NG-USD-PERP
KuCoin NATGASUSDTM
HTX NATGAS-USDT
QFEX NATGAS-USD
Gate NG_USDT
OKX NG-USDT-SWAP
GRVT NATGAS_USDT_Perp
BloFin NG-USDT
Extended XNG-USD
GMX NATGAS/USD [ETH-USDC]
Aster NATGASUSDT
Variational Omni NATGAS
Kraken Futures PF_NATGASUSD
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT