Funding you earn now, next payment 02:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h −0.002%
Price spread now: HTX against tradeXYZ+0.073%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.073%, 7d avg +0.095%
=Together, before fees−0.066%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. HTX is 0.022% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.095%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NATGAS | 2.9987 | 0.0050 | pay 0.0006% / 1h | 13m 29s | $5.9M | $5.9M | 10x |
| Short | HTX NATGAS-USDT | 3.0009 | 0.0247 | get 0.0123% / 4h | 2h 13m | $98K | $212K | 75x |
tradeXYZ xyz:NATGAS
HTX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against tradeXYZ. 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
- $41.34
- Price spread: +0.073% → +0.095%
- −$2.16
- Slippage, 4 orders
- −$12.65
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$3.47
- Costs to cover
- 0.427%
- Break-even
- 7.6 days
Slippage from tradeXYZ: live order book, 5 min ago; HTX: live order book, 53 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 tradeXYZ live order book, 5 min ago | 0.17 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 53 min ago | 3.16 bp | 11.4 bp −$11 | 18.6 bp −$186 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8361 | −5.422% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0021 | +0.113% | $2K | $2.5M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 2.9987 | 0.000% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 2.9990 | +0.010% | $658K | $86K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0002 | +0.050% | $618K | $445K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | +0.010% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0050% | 1h | 2.9987 | long leg | $5.9M | $5.9M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0030 | +0.143% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0072% | 8h | 2.9999 | +0.041% | $5K | — | 5x | as long as short |
| Extended XNG-USD | +0.0080% | 1h | 2.9977 | −0.034% | $110K | $449K | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Extended XNG-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9993 | +0.020% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | +0.043% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.043% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9990 | +0.010% | $1.5M | $95K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0172% | 4h | 2.9990 | +0.010% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0238% | 4h | 2.9988 | +0.002% | $265K | $73K | 50x | as long as short |
| HTX NATGAS-USDTshort | +0.0247% | 4h | 3.0009 | +0.073% | $98K | $212K | 75x | |
| OKX NG-USDT-SWAP | +0.0355% | 8h | 3.0000 | +0.043% | $860K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0384% | 4h | 3.0009 | +0.075% | $311K | $444K | — | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0416% | 4h | 3.0019 | +0.106% | $12K | $214K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0422% / S −0.0359% | 1h | 3.0005 | +0.060% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0431% | 8h | 3.0030 | +0.143% | $1.5M | $219K | 100x | as long as short |
| edgeX NATGASUSDC | +0.0440% | 4h | 3.0009 | +0.075% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0450% | 4h | 2.9990 | +0.010% | $10.2M | $29.1M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0702% | 4h | 2.9970 | −0.057% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0826% | 1h | 3.0015 | +0.094% | $53K | $38K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD