Funding you earn now, next payment 06:00 UTC−0.0592%/8h= −64.8% APRpaid last 24h −0.083%
Price spread now: Hotstuff against Gate−0.090%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Hotstuff is 0.090% cheaper against Gate than usual: you would sell low and buy high (−$9 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 | Gate NG_USDT | 3.0100 | 0.0608 | pay 0.0608% / 8h | 2h 10m | $1.5M | $196K | 100x |
| Short | Hotstuff NATGAS-PERP | 3.0073 | 0.0016 | get 0.0002% / 1h | 10m 41s | $35K | — | 20x |
Gate NG_USDT
Hotstuff NATGAS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Gate. 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
- −$124.32
- Price spread: −0.090% → 0.000%
- −$8.97
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$153.29
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago | 1.66 bp | 16.4 bp −$16 | 53.0 bp −$530 | 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 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 | 3.0082 | −0.060% | $2K | $2.4M | 20x | as long as short |
| Hotstuff NATGAS-PERPshort | +0.0016% | 1h | 3.0073 | −0.090% | $35K | — | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0075 | −0.083% | $629K | $504K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0070 | −0.099% | $110K | $333K | 5x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0070 | −0.100% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.100% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0049 | −0.169% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0060% | 1h | 3.0071 | −0.096% | $6.0M | $5.6M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0085 | −0.050% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0072 | −0.092% | $68K | $33K | 10x | as long as short |
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERP
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.332% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.332% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | −0.100% | $1.5M | $93K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0144% | 4h | 3.0081 | −0.063% | $107K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0182% | 4h | 3.0050 | −0.166% | $13K | $212K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0320% | 4h | 3.0060 | −0.133% | $1.0M | $947K | 20x | as long as short |
| Aster NATGASUSDT | +0.0344% | 4h | 3.0096 | −0.013% | $265K | $75K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0526% / S −0.0527% | 1h | 3.0065 | −0.116% | $88K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0561% | 4h | 3.0060 | −0.134% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0587% | 4h | 3.0078 | −0.073% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0608% | 4h | 3.0060 | −0.133% | $85K | $211K | 20x | as long as short |
| Gate NG_USDTlong | +0.0608% | 8h | 3.0100 | long leg | $1.5M | $196K | 100x | |
| BloFin NG-USDT | +0.0644% | 8h | 3.0060 | −0.133% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0653% | 8h | 3.0060 | −0.133% | $868K | $1.7M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0992% | 4h | 3.0030 | −0.233% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1181% | 1h | 3.0079 | −0.070% | $56K | $35K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD