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

NATGAS

RWAall NATGAS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0264%/8h= +28.9% APRnext payment +$0.33 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Hotstuff−0.055%55s7-day average · you buy dearer than you sell
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 · Extended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.055% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$8 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP2.99280get 0.0000% / 1h13m 39s$35K20x
ShortExtended XNG-USD2.99110.0264get 0.0033% / 1h13m 39s$110K$471K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$55.44
Price spread: −0.055% → 0.000%
−$5.52
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$39.92
Costs to cover
0.100%
Break-even
2.0 days
Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 4 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 Extended live order book, 4 min ago0.67 bp3.5 bp −$48.1 bp −$81doesn'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
Hotstuff NATGAS-PERPlong0.0000%1h2.9928long leg$35K20x
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8276−5.520%as long as short
SunX NATGAS-USDT0.0000%4h2.9962+0.114%$2K$2.6M20xas long as short
Lighter NATGAS+0.0032%1h2.9929+0.003%$619K$411K10xas long as short
Vest NG-PERP+0.0046%1h2.9920−0.027%$37810xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9927−0.003%$84K$49K10xas long as short
tradeXYZ xyz:NATGAS+0.0057%1h2.9930+0.007%$5.9M$6.0M10xas long as short
Pacifica NATGAS+0.0100%1h2.9913−0.052%$68K$34K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000+0.241%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h2.9900−0.094%$3K$54410xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex NGUSDT+0.0100%4h2.9940+0.040%$1.5M$100K10xas long as short
Paradex NG-USD-PERP+0.0110%8h2.9941+0.042%$5K5xas long as short
QFEX NATGAS-USD+0.0160%1h2.9930+0.007%$656K$86K20xas long as short
KuCoin NATGASUSDTM+0.0166%4h2.9930+0.007%$1.0M$1.2M20xas long as short
HTX NATGAS-USDT+0.0189%4h2.9953+0.084%$98K$215K75xas long as short
Gate NG_USDT+0.0227%8h2.9960+0.107%$1.5M$307K100xas long as short
Extended XNG-USDshort+0.0264%1h2.9911−0.055%$110K$471K5x
OKX NG-USDT-SWAP+0.0305%8h2.9930+0.007%$856K$1.7M50xas long as short
BloFin NG-USDT+0.0327%8h2.9940+0.040%$80K$189K20xas long as short
GRVT NATGAS_USDT_Perp+0.0332%4h2.9930+0.007%$13K$246K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9945+0.057%$93K45xas long as short
Aster NATGASUSDT+0.0504%4h2.9941+0.042%$265K$105K50xas long as short
Kraken Futures PF_NATGASUSD+0.0515%1h2.9954+0.087%$52K$44K20xas long as short
Variational Omni NATGAS+0.0534%4h2.9931+0.011%$311K$446Kas long as short
Binance NATGASUSDT+0.0591%4h2.9940+0.040%$10.1M$30.8M100xas long as short
edgeX NATGASUSDC+0.0637%4h2.9932+0.014%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0784%4h2.9910−0.060%$10.0M$4.0M100xas long as short