Funding you earn now, next payment 08:00 UTC−0.0406%/8h= −44.4% APRnext payment −$2.03 per $10,000 · paid last 24h −0.001%
Price spread now: Phemex against HTX−0.076%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$870.874% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.076%, 7d avg −0.058%
=The price spread sits at its 7-day average of −0.058%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.174%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 per $10,000. 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 | HTX NATGAS-USDT | 3.0073 | 0.0506 | pay 0.0253% / 4h | 3h 04m | $107K | $212K | 75x |
| Short | Phemex NGUSDT | 3.0050 | 0.0100 | get 0.0050% / 4h | 3h 04m | $1.5M | $93K | 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
- −$85.22
- Price spread: −0.076% → −0.058%
- −$1.85
- Slippage, 4 orders
- −$63.36
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$174.44
- Costs to cover
- 0.874%
- Break-even
- never at this rate
Slippage from HTX: live order book, 47 min ago; Phemex: live order book, 3 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, 47 min ago | 1.50 bp | 7.5 bp −$7 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.66 bp | 35.3 bp −$35 | 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 | 2.8440 | −5.430% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | −0.003% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0040 | −0.110% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0045 | −0.093% | $629K | $503K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0047 | −0.086% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.076% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0080 | +0.023% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0095% | 1h | 3.0050 | −0.076% | $6.0M | $5.6M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0096% | 8h | 3.0066 | −0.024% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0040 | −0.110% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.243% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.243% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTshort | +0.0100% | 4h | 3.0050 | −0.076% | $1.5M | $93K | 10x | |
| Extended XNG-USD | +0.0216% | 1h | 3.0038 | −0.116% | $110K | $364K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0364% | 4h | 3.0040 | −0.110% | $1.0M | $982K | 20x | as long as short |
| Aster NATGASUSDT | +0.0432% | 4h | 3.0060 | −0.043% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0448% | 4h | 3.0050 | −0.076% | $13K | $223K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0497% / S −0.0442% | 1h | 3.0055 | −0.060% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDTlong | +0.0506% | 4h | 3.0073 | long leg | $107K | $212K | 75x | |
| Gate NG_USDT | +0.0556% | 8h | 3.0090 | +0.057% | $1.5M | $193K | 100x | as long as short |
| BloFin NG-USDT | +0.0603% | 8h | 3.0060 | −0.043% | $81K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0612% | 8h | 3.0050 | −0.076% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0642% | 4h | 3.0060 | −0.044% | $317K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0665% | 4h | 3.0050 | −0.076% | $10.3M | $28.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0676% | 4h | 3.0070 | −0.012% | $85K | $212K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0067 | −0.021% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1038% | 4h | 3.0030 | −0.143% | $9.9M | $3.2M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Extended XNG-USD
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT