NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0576%/8h= −63.0% APRnext payment −$2.88 per $10,000 · paid last 24h −0.212%

Price spread now: HTX against Bitget+0.207%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.150%−$115 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.207%, 7d avg +0.100%

Together, before fees−1.261%−$126 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.107% dearer against Bitget than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of +0.100%): +$11 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NATGASUSDT	2.9990	0.0978	pay 0.0489% / 4h	3h 39m	$9.9M	$3.2M	100x
Short	HTX NATGAS-USDT	3.0052	0.0402	get 0.0201% / 4h	3h 39m	$107K	$213K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee HTXbpOrdersPrice spread, now +0.207%Rate

Funding earned: −$120.91
Price spread: +0.207% → +0.100%: $10.7
Slippage, 4 orders: −$17.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$151.37
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; HTX: live order book, 12 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 Bitget live order book, 4 min ago	1.67 bp	10.4 bp −$10	20.8 bp −$208	69.3 bp −$6,929	doesn't fit
Sell HTX live order book, 12 min ago	1.50 bp	13.0 bp −$13	18.7 bp −$187	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	2.8405	−5.285%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0042	+0.173%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0020	+0.100%	$669K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0004	+0.047%	$626K	$501K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9998	+0.027%	$110K	$395K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	+0.067%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9999	+0.030%	$82K	$26K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0055%	1h	3.0008	+0.060%	$6.0M	$5.7M	10x	as long as short
Hotstuff NATGAS-PERP	+0.0056%	1h	3.0012	+0.073%	$35K	—	20x	as long as short
Paradex NG-USD-PERP	+0.0075%	8h	3.0027	+0.125%	$5K	—	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	2.9988	−0.007%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.033%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.033%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.100%	$1.5M	$93K	10x	as long as short
KuCoin NATGASUSDTM	+0.0328%	4h	3.0010	+0.067%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0374%	4h	3.0038	+0.158%	$263K	$74K	50x	as long as short
HTX NATGAS-USDTshort	+0.0402%	4h	3.0052	+0.207%	$107K	$213K	75x
GMX NATGAS/USD [ETH-USDC]	L +0.0472% / S −0.0414%	1h	3.0025	+0.117%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0531%	8h	3.0050	+0.200%	$1.5M	$192K	100x	as long as short
OKX NG-USDT-SWAP	+0.0557%	8h	3.0010	+0.067%	$861K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0576%	4h	3.0020	+0.099%	$316K	$449K	—	as long as short
BloFin NG-USDT	+0.0580%	8h	2.9990	0.000%	$81K	$191K	20x	as long as short
GRVT NATGAS_USDT_Perp	+0.0596%	4h	3.0017	+0.090%	$12K	$230K	25x	as long as short
Binance NATGASUSDT	+0.0597%	4h	3.0010	+0.067%	$10.2M	$28.4M	100x	as long as short
edgeX NATGASUSDC	+0.0617%	4h	3.0012	+0.074%	$85K	$211K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0855%	1h	3.0042	+0.174%	$56K	$35K	20x	as long as short
Bitget NATGASUSDTlong	+0.0978%	4h	2.9990	long leg	$9.9M	$3.2M	100x