NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.96 per $10,000 · paid last 24h −0.060%

Price spread now: HTX against Aster−0.011%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$840.841% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.011%, 7d avg +0.038%

Together, before fees−0.067%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.049% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NATGASUSDT	2.9935	0.0791	pay 0.0395% / 4h	1h 48m	$265K	$105K	50x
Short	HTX NATGAS-USDT	2.9932	0.0599	get 0.0299% / 4h	1h 48m	$98K	$217K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aster. 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 AsterbpFee HTXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$40.36
Price spread: −0.011% → +0.038%: −$4.91
Slippage, 4 orders: −$64.12
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$129.39
Costs to cover: 0.841%
Break-even: never at this rate

Slippage from Aster: live order book, 34 min ago; HTX: live order book, 33 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 Aster live order book, 34 min ago	5.01 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 33 min ago	0.50 bp	14.0 bp −$14	37.5 bp −$375	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
Hotstuff NATGAS-PERP	−0.0064%	1h	2.9916	−0.064%	$35K	—	20x	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9932	−0.011%	$2K	$2.6M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9916	−0.064%	$618K	$411K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9910	−0.084%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9912	−0.078%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9874	−0.205%	$84K	$49K	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9904	−0.105%	$68K	$34K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.118%	$36K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.118%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9910	−0.084%	$1.5M	$102K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XNG-USD	+0.0152%	1h	2.9907	−0.096%	$113K	$1.2M	5x	as long as short
QFEX NATGAS-USD	+0.0160%	1h	2.9900	−0.118%	$656K	$86K	20x	as long as short
Paradex NG-USD-PERP	+0.0184%	8h	2.9911	−0.080%	$5K	—	5x	as long as short
Gate NG_USDT	+0.0225%	8h	2.9940	+0.016%	$1.5M	$306K	100x	as long as short
BloFin NG-USDT	+0.0401%	8h	2.9880	−0.185%	$84K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0410%	8h	2.9880	−0.185%	$897K	$1.7M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0415% / S −0.0333%	1h	2.9915	−0.068%	$93K	—	25x	as long as short
KuCoin NATGASUSDTM	+0.0428%	4h	2.9910	−0.084%	$1.0M	$1.2M	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0515%	1h	2.9935	−0.001%	$52K	$50K	20x	as long as short
HTX NATGAS-USDTshort	+0.0599%	4h	2.9932	−0.011%	$98K	$217K	75x
GRVT NATGAS_USDT_Perp	+0.0762%	4h	2.9898	−0.125%	$13K	$246K	25x	as long as short
Aster NATGASUSDTlong	+0.0791%	4h	2.9935	long leg	$265K	$105K	50x
Variational Omni NATGAS	+0.0831%	4h	2.9892	−0.143%	$310K	$446K	—	as long as short
Binance NATGASUSDT	+0.0852%	4h	2.9915	−0.068%	$10.1M	$32.1M	100x	as long as short
edgeX NATGASUSDC	+0.0897%	4h	2.9891	−0.147%	$85K	$213K	20x	as long as short
Bitget NATGASUSDT	+0.1072%	4h	2.9880	−0.185%	$10.0M	$4.0M	100x	as long as short