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+0.0002%/8h= +0.2% APRpaid last 24h +0.009%
Price spread now: HTX against Extended+0.093%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.281% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.210%−$21 on $10k
Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.093%, 7d avg +0.063%
Together, before fees−0.189%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.030% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD3.00550.0032pay 0.0004% / 1h41m 13s$111K$330K5x
ShortHTX NATGAS-USDT3.00830.0034get 0.0017% / 4h1h 41m$107K$205K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0.47
Price spread: +0.093% → +0.063%
$3.01
Slippage, 4 orders
−$11.1
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$24.61
Costs to cover
0.281%
Break-even
371.6 days
Slippage from Extended: live order book, 66 min ago; HTX: live order book, 65 min ago.

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, 66 min ago0.83 bp3.9 bp −$48.8 bp −$88doesn't fitdoesn't fit
Sell HTX live order book, 65 min ago4.16 bp10.5 bp −$1021.3 bp −$213doesn't fitdoesn't fit

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%1h2.8450−5.341%as long as short
SunX NATGAS-USDT0.0000%4h3.0092+0.123%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0060+0.016%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0063+0.026%$629K$502K10xas long as short
Extended XNG-USDlong+0.0032%1h3.0055long leg$111K$330K5x
HTX NATGAS-USDTshort+0.0034%4h3.0083+0.093%$107K$205K75x
Vest NG-PERP+0.0046%1h3.0070+0.049%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0083+0.093%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0057%8h3.0083+0.092%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0072%1h3.0068+0.043%$6.0M$5.5M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0043−0.041%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.183%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0100+0.149%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0080+0.083%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0132%4h3.0060+0.016%$22K$210K25xas long as short
Hotstuff NATGAS-PERP+0.0272%1h3.0073+0.059%$35K20xas long as short
KuCoin NATGASUSDTM+0.0280%4h3.0050−0.017%$1.0M$930K20xas long as short
Aster NATGASUSDT+0.0291%4h3.0088+0.110%$265K$70K50xas long as short
Variational Omni NATGAS+0.0511%4h3.0080+0.082%$318K$432Kas long as short
Binance NATGASUSDT+0.0534%4h3.0070+0.049%$10.3M$28.6M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0546% / S −0.0550%1h3.0075+0.066%$88K45xas long as short
edgeX NATGASUSDC+0.0549%4h3.0058+0.011%$85K$213K20xas long as short
Gate NG_USDT+0.0634%8h3.0090+0.116%$1.5M$196K100xas long as short
BloFin NG-USDT+0.0643%8h3.0060+0.016%$82K$195K20xas long as short
OKX NG-USDT-SWAP+0.0650%8h3.0080+0.083%$875K$1.8M50xas long as short
Bitget NATGASUSDT+0.0960%4h3.0040−0.050%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0986%1h3.0088+0.111%$56K$35K20xas long as short