Funding you earn now, next payment 01:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.010%
Price spread now: Hotstuff against Orderly+0.087%47s7-day average — · you sell dearer than you buy
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
=The price spread pays, funding is against you. Hotstuff is 0.087% dearer against Orderly than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NATGAS_USDC_mythos | 3.0000 | 0.0100 | pay 0.0100% / 8h | 7h 23m | $3K | $544 | 10x |
| Short | Hotstuff NATGAS-PERP | 3.0026 | 0.0064 | get 0.0008% / 1h | 23m 38s | $35K | — | 20x |
Orderly PERP_NATGAS_USDC_mythos
Hotstuff NATGAS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Orderly. 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
- −$7.56
- Price spread: +0.087% → 0.000%
- $8.67
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$9.89
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Orderly and 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 | 2.8381 | −5.397% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.207% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0015% | 1h | 3.0010 | +0.033% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0011 | +0.037% | $617K | $414K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0007 | +0.025% | $112K | $452K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.100% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0005 | +0.017% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0046 | +0.153% | $84K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0055% | 8h | 3.0022 | +0.073% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERPshort | +0.0064% | 1h | 3.0026 | +0.087% | $35K | — | 20x |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NATGASUSDT | +0.0082% | 4h | 3.0030 | +0.100% | $266K | $73K | 50x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0000 | 0.000% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0010 | +0.033% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythoslong | +0.0100% | 8h | 3.0000 | long leg | $3K | $544 | 10x | |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.100% | $1.5M | $95K | 10x | as long as short |
| Variational Omni NATGAS | +0.0154% | 4h | 3.0030 | +0.100% | $312K | $443K | — | as long as short |
| OKX NG-USDT-SWAP | +0.0217% | 8h | 3.0020 | +0.067% | $863K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0222% | 8h | 2.9990 | −0.033% | $80K | $189K | 20x | as long as short |
| HTX NATGAS-USDT | +0.0224% | 4h | 3.0052 | +0.173% | $98K | $211K | 75x | as long as short |
| Binance NATGASUSDT | +0.0249% | 4h | 3.0025 | +0.085% | $10.1M | $29.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0255% | 4h | 3.0020 | +0.068% | $85K | $211K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0328% | 4h | 2.9980 | −0.067% | $10.0M | $3.5M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0364% | 4h | 3.0020 | +0.067% | $25K | $214K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0409% / S −0.0346% | 1h | 3.0035 | +0.117% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0469% | 8h | 3.0040 | +0.133% | $1.5M | $255K | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1001% | 1h | 3.0041 | +0.136% | $52K | $36K | 20x | as long as short |
Aster NATGASUSDT
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Phemex NGUSDT
Variational Omni NATGAS
OKX NG-USDT-SWAP
BloFin NG-USDT
HTX NATGAS-USDT
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
Kraken Futures PF_NATGASUSD