Funding you earn now, next payment 04:00 UTC−0.0334%/8h= −36.5% APRnext payment −$1.67 per $10,000 · paid last 24h −0.091%
Price spread now: HTX against Binance+0.073%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.073%, 7d avg +0.029%
=The price spread pays, funding is against you. HTX is 0.044% dearer against Binance than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.029%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.307% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 3.0020 | 0.0584 | pay 0.0292% / 4h | 1h 25m | $10.2M | $28.9M | 100x |
| Short | HTX NATGAS-USDT | 3.0042 | 0.0251 | get 0.0125% / 4h | 1h 25m | $101K | $213K | 75x |
Binance NATGASUSDT
HTX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Binance. 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
- −$70.06
- Price spread: +0.073% → +0.029%
- $4.42
- Slippage, 4 orders
- −$11.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$99.62
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; HTX: live order book, 36 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 Binance live order book, 1 min ago | 1.66 bp | 6.7 bp −$7 | 9.8 bp −$98 | 41.2 bp −$4,125 | 132.3 bp −$66.1K |
| Sell HTX live order book, 36 min ago | 4.16 bp | 10.5 bp −$10 | 19.4 bp −$194 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0041 | +0.070% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | −0.033% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0020 | 0.000% | $619K | $494K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | 0.000% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0007 | −0.043% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0067% | 8h | 3.0026 | +0.021% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0015 | −0.017% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0097% | 1h | 3.0010 | −0.033% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0012 | −0.027% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.067% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.067% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | 0.000% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0112% | 1h | 3.0002 | −0.061% | $110K | $444K | 5x | as long as short |
| HTX NATGAS-USDTshort | +0.0251% | 4h | 3.0042 | +0.073% | $101K | $213K | 75x | |
| KuCoin NATGASUSDTM | +0.0352% | 4h | 3.0010 | −0.033% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0371% | 4h | 3.0017 | −0.008% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0404% | 4h | 3.0027 | +0.022% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0433% | 8h | 3.0020 | 0.000% | $853K | $1.7M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0434% / S −0.0372% | 1h | 3.0025 | +0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0443% | 8h | 3.0060 | +0.133% | $1.5M | $209K | 100x | as long as short |
| BloFin NG-USDT | +0.0443% | 8h | 2.9990 | −0.100% | $81K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0547% | 4h | 3.0019 | −0.004% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0579% | 4h | 3.0019 | −0.004% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDTlong | +0.0584% | 4h | 3.0020 | long leg | $10.2M | $28.9M | 100x | |
| Bitget NATGASUSDT | +0.0958% | 4h | 2.9990 | −0.100% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0032 | +0.041% | $53K | $34K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD