Funding you earn now, next payment 04:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h −0.002%
Price spread now: HTX against tradeXYZ+0.173%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$430.425% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.173%, 7d avg +0.095%
=Together, before fees−0.271%+ Points / potential airdroptradeXYZ: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.079% dearer against tradeXYZ than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.095%. Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment. 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 | tradeXYZ xyz:NATGAS | 3.0009 | 0.0050 | pay 0.0006% / 1h | 59m 10s | $6.0M | $5.9M | 10x |
| Short | HTX NATGAS-USDT | 3.0061 | 0.0238 | get 0.0119% / 4h | 59m 10s | $105K | $216K | 75x |
tradeXYZ xyz:NATGAS
HTX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against tradeXYZ. 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
- $39.5
- Price spread: +0.173% → +0.095%
- $7.86
- Slippage, 4 orders
- −$12.51
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $4.85
- Costs to cover
- 0.425%
- Break-even
- 6.1 days
Slippage from tradeXYZ: live order book, 9 min ago; HTX: live order book, 62 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 tradeXYZ live order book, 9 min ago | 0.33 bp | 10.1 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell HTX live order book, 62 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 | 3.0032 | +0.077% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0000 | −0.030% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0009 | 0.000% | $619K | $494K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0012 | +0.010% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | +0.037% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0050% | 1h | 3.0009 | long leg | $6.0M | $5.9M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0028 | +0.063% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0059% | 8h | 3.0021 | +0.041% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9981 | −0.093% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.030% | $37K | $214K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
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 | −0.030% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | +0.003% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0128% | 1h | 2.9998 | −0.037% | $110K | $445K | 5x | as long as short |
| HTX NATGAS-USDTshort | +0.0238% | 4h | 3.0061 | +0.173% | $105K | $216K | 75x | |
| GRVT NATGAS_USDT_Perp | +0.0380% | 4h | 3.0001 | −0.028% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0384% | 4h | 3.0000 | −0.030% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0411% | 4h | 3.0003 | −0.018% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0443% / S −0.0382% | 1h | 3.0015 | +0.020% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0460% | 8h | 3.0040 | +0.103% | $1.5M | $188K | 100x | as long as short |
| BloFin NG-USDT | +0.0475% | 8h | 2.9990 | −0.063% | $80K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0481% | 8h | 3.0000 | −0.030% | $853K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0595% | 4h | 3.0009 | −0.001% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0625% | 4h | 3.0015 | +0.021% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0639% | 4h | 3.0009 | 0.000% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0994% | 1h | 3.0025 | +0.054% | $53K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0996% | 4h | 2.9980 | −0.097% | $9.9M | $3.4M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
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