Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%
Price spread now: Hotstuff against Extended+0.020%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Hotstuff is 0.020% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD3.00520.0032pay 0.0004% / 1h4m 22s$111K$283K5x
ShortHotstuff NATGAS-PERP3.00580.0048get 0.0006% / 1h4m 22s$35K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Extended. 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

Funding earned
$3.36
Price spread: +0.020% → 0.000%
$2.03
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$4.61
Costs to cover
0.100%
Break-even
16.6 days
Slippage unknown: Extended: live order book, 38 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 38 min ago1.00 bp4.2 bp −$49.2 bp −$92doesn't fitdoesn't fit
Sell Hotstuff no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8455−5.314%as long as short
SunX NATGAS-USDT0.0000%4h3.0072+0.067%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0050−0.006%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0055+0.010%$629K$502K10xas long as short
Extended XNG-USDlong+0.0032%1h3.0052long leg$111K$283K5x
Vest NG-PERP+0.0046%1h3.0060+0.027%$14K10xas long as short
Hotstuff NATGAS-PERPshort+0.0048%1h3.0058+0.020%$35K20x
tradeXYZ xyz:NATGAS+0.0050%1h3.0060+0.027%$6.0M$5.3M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0038−0.046%$82K$26K10xas long as short
HTX NATGAS-USDT+0.0052%4h3.0061+0.030%$113K$215K75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0053%8h3.0074+0.075%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0050−0.006%$68K$31K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.173%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.173%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0050−0.006%$1.5M$92K10xas long as short
GRVT NATGAS_USDT_Perp+0.0144%4h3.0053+0.003%$22K$211K25xas long as short
KuCoin NATGASUSDTM+0.0206%4h3.0050−0.006%$1.0M$900K20xas long as short
Aster NATGASUSDT+0.0256%4h3.0087+0.116%$265K$68K50xas long as short
Variational Omni NATGAS+0.0481%4h3.0050−0.007%$318K$393Kas long as short
Binance NATGASUSDT+0.0502%4h3.0060+0.027%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0512%4h3.0068+0.054%$85K$212K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0565% / S −0.0574%1h3.0065+0.044%$88K45xas long as short
Gate NG_USDT+0.0588%8h3.0080+0.093%$1.5M$197K100xas long as short
OKX NG-USDT-SWAP+0.0658%8h3.0060+0.027%$875K$1.8M50xas long as short
BloFin NG-USDT+0.0685%8h3.0070+0.060%$83K$198K20xas long as short
Bitget NATGASUSDT+0.0926%4h3.0030−0.073%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0987%1h3.0064+0.039%$56K$36K20xas long as short