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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0564%/8h= +61.8% APRpaid last 24h +0.083%
Price spread now: Gate against Hotstuff+0.106%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 airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Gate is 0.106% dearer against Hotstuff than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP3.00680.0040pay 0.0005% / 1h13m 07s$35K20x
ShortGate NG_USDT3.01000.0604get 0.0604% / 8h2h 13m$1.5M$196K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$118.44
Price spread: +0.106% → 0.000%
$10.64
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$109.08
Costs to cover
0.200%
Break-even
0.6 days
Slippage unknown: Hotstuff: no order-book sample; Gate: 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 Gate live order book, 4 min ago1.66 bp18.5 bp −$1849.2 bp −$492doesn'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%1h2.8456−5.361%as long as short
SunX NATGAS-USDT0.0000%4h3.0082+0.047%$2K$2.4M20xas long as short
Lighter NATGAS+0.0032%1h3.0063−0.017%$629K$504K10xas long as short
Extended XNG-USD+0.0032%1h3.0054−0.048%$110K$333K5xas long as short
QFEX NATGAS-USD+0.0033%1h3.0050−0.060%$660K$96K20xas long as short
Hotstuff NATGAS-PERPlong+0.0040%1h3.0068long leg$35K20x
Vest NG-PERP+0.0046%1h3.0060−0.027%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0048−0.067%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0063%1h3.0064−0.013%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0064%8h3.0066−0.007%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0058−0.033%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.226%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.226%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060−0.027%$1.5M$93K10xas long as short
HTX NATGAS-USDT+0.0153%4h3.0077+0.030%$107K$211K75xas long as short
GRVT NATGAS_USDT_Perp+0.0182%4h3.0050−0.060%$13K$212K25xas long as short
KuCoin NATGASUSDTM+0.0324%4h3.0050−0.060%$1.0M$949K20xas long as short
Aster NATGASUSDT+0.0355%4h3.0084+0.054%$265K$75K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0525% / S −0.0525%1h3.0065−0.010%$88K45xas long as short
Variational Omni NATGAS+0.0570%4h3.0060−0.026%$317K$432Kas long as short
Binance NATGASUSDT+0.0594%4h3.0067−0.003%$10.3M$28.4M100xas long as short
edgeX NATGASUSDC+0.0603%4h3.0053−0.051%$85K$213K20xas long as short
Gate NG_USDTshort+0.0604%8h3.0100+0.106%$1.5M$196K100x
OKX NG-USDT-SWAP+0.0653%8h3.0060−0.027%$868K$1.7M50xas long as short
BloFin NG-USDT+0.0659%8h3.0050−0.060%$82K$195K20xas long as short
Bitget NATGASUSDT+0.1000%4h3.0040−0.093%$9.9M$3.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.1181%1h3.0080+0.038%$56K$35K20xas long as short