Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%

Price spread now: HTX against gTrade (Gains Network)+5.901%69s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 5.901% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$590 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NATGAS/USD	2.8316	L 0.0000% / S 0.0000%	get 0.0000% / 1h	5m 16s	—	—	—
Short	HTX NATGAS-USDT	2.9987	0	get 0.0000% / 4h	2h 05m	$118K	$221K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +5.901%Rate

Funding earned: $0
Price spread: +5.901% → 0.000%: $590.13
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $568.13
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 44 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 44 min ago	4.17 bp	10.5 bp −$10	16.4 bp −$164	doesn't fit	doesn't fit

gTrade (Gains Network): 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 exchanges

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	−0.1600%	1h	2.9970	+5.841%	$35K	—	20x	as long as short
GRVT NATGAS_USDT_Perp	0.0000%	4h	2.9960	+5.806%	$20K	$208K	25x	as long as short
gTrade (Gains Network) NATGAS/USDlong	L 0.0000% / S 0.0000%	1h	2.8316	long leg	—	—	—
SunX NATGAS-USDT	0.0000%	4h	3.0001	+5.951%	$2K	$1.8M	20x	as long as short
HTX NATGAS-USDTshort	0.0000%	4h	2.9987	+5.901%	$118K	$221K	75x
QFEX NATGAS-USD	+0.0024%	1h	2.9960	+5.806%	$660K	$98K	20x	as long as short
Aster NATGASUSDT	+0.0024%	4h	2.9970	+5.841%	$258K	$74K	50x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9983	+5.887%	$676K	$764K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9984	+5.892%	$141K	$349K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9970	+5.841%	—	$14K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9962	+5.813%	$6.0M	$5.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9977	+5.866%	$84K	$28K	10x	as long as short
Paradex NG-USD-PERP	+0.0052%	8h	2.9962	+5.812%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9954	+5.785%	$68K	$39K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	+5.594%	$36K	$214K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+5.947%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9980	+5.877%	$1.5M	$92K	10x	as long as short
Variational Omni NATGAS	+0.0151%	4h	2.9938	+5.728%	$355K	$429K	—	as long as short
KuCoin NATGASUSDTM	+0.0170%	4h	2.9960	+5.806%	$1.1M	$814K	20x	as long as short
Binance NATGASUSDT	+0.0204%	4h	2.9980	+5.877%	$9.6M	$31.7M	100x	as long as short
edgeX NATGASUSDC	+0.0226%	4h	2.9962	+5.812%	$85K	$211K	20x	as long as short
Gate NG_USDT	+0.0279%	8h	2.9990	+5.912%	$1.5M	$205K	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0298%	1h	2.9972	+5.847%	$54K	$46K	20x	as long as short
OKX NG-USDT-SWAP	+0.0389%	8h	2.9960	+5.806%	$833K	$2.0M	50x	as long as short
BloFin NG-USDT	+0.0397%	8h	2.9980	+5.877%	$80K	$199K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0537% / S −0.0542%	1h	2.9945	+5.753%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0738%	4h	2.9930	+5.700%	$9.9M	$2.9M	100x	as long as short