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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0401%/8h= +43.9% APRpaid last 24h +0.112%
Price spread now: edgeX against Hotstuff+0.030%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · edgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and edgeX is 0.030% dearer against Hotstuff than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP2.99320.0192pay 0.0024% / 1h7m 15s$35K20x
ShortedgeX NATGASUSDC2.99410.0593get 0.0296% / 4h1h 07m$85K$211K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Hotstuff. 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
$84.16
Price spread: +0.030% → 0.000%
$2.99
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$73.15
Costs to cover
0.140%
Break-even
0.9 days
Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 10 min ago. 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 Hotstuff no order-book sample
Sell edgeX live order book, 10 min ago13.37 bp21.1 bp −$2128.3 bp −$283doesn't fitdoesn't fit
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%1h2.8281−5.516%as long as short
SunX NATGAS-USDT0.0000%4h2.9952+0.067%$2K$2.6M20xas long as short
Lighter NATGAS+0.0032%1h2.9935+0.010%$619K$411K10xas long as short
Vest NG-PERP+0.0046%1h2.9930−0.007%$37810xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9960+0.094%$84K$45K10xas long as short
tradeXYZ xyz:NATGAS+0.0063%1h2.9920−0.040%$5.9M$6.0M10xas long as short
Pacifica NATGAS+0.0100%1h2.9917−0.051%$68K$34K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.107%$36K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h2.9900−0.107%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9930−0.007%$1.5M$99K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0102%8h2.99320.000%$5K5xas long as short
KuCoin NATGASUSDTM+0.0128%4h2.9920−0.040%$1.0M$1.2M20xas long as short
HTX NATGAS-USDT+0.0155%4h2.9971+0.130%$98K$215K75xas long as short
QFEX NATGAS-USD+0.0160%1h2.9930−0.007%$657K$86K20xas long as short
Hotstuff NATGAS-PERPlong+0.0192%1h2.9932long leg$35K20x
Gate NG_USDT+0.0221%8h2.9960+0.094%$1.5M$307K100xas long as short
GRVT NATGAS_USDT_Perp+0.0286%4h2.9938+0.019%$13K$246K25xas long as short
BloFin NG-USDT+0.0287%8h2.9920−0.040%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0288%8h2.9930−0.007%$856K$1.7M50xas long as short
Extended XNG-USD+0.0320%1h2.9915−0.057%$110K$471K5xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9935+0.010%$93K45xas long as short
Aster NATGASUSDT+0.0463%4h2.9940+0.028%$265K$105K50xas long as short
Variational Omni NATGAS+0.0506%4h2.9941+0.030%$311K$444Kas long as short
Kraken Futures PF_NATGASUSD+0.0515%1h2.9950+0.059%$52K$42K20xas long as short
Binance NATGASUSDT+0.0559%4h2.9930−0.007%$10.1M$30.5M100xas long as short
edgeX NATGASUSDCshort+0.0593%4h2.9941+0.030%$85K$211K20x
Bitget NATGASUSDT+0.0734%4h2.9900−0.107%$10.0M$3.9M100xas long as short