NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.2086%/8h= +228.4% APRnext payment +$2.61 per $10,000 · paid last 24h +0.157%

Price spread now: GMX against Hotstuff−0.133%432s7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.133% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 5 hours of funding at the current rate (+$63 a day). The two prices were read 432 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	Hotstuff NATGAS-PERP	3.0035	−0.1600	get 0.0200% / 1h	51m 20s	$35K	—	20x
Short	GMX NATGAS/USD [ETH-USDC]	2.9995	L +0.0493% / S −0.0486%	get 0.0061% / 1h	51m 20s	$88K	—	45x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee HotstuffbpFee GMXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $438.05
Price spread: −0.133% → 0.000%: −$13.32
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee GMX: 6 bp × 2 orders: −$12
Net: $407.73
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: Hotstuff: no order-book sample; GMX: no order-book sample. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Hotstuff and GMX: 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-PERPlong	−0.1600%	1h	3.0035	long leg	$35K	—	20x
Kraken Futures PF_NATGASUSD	−0.0077%	1h	2.9984	−0.170%	$54K	$45K	20x	as long as short
QFEX NATGAS-USD	−0.0004%	1h	2.9980	−0.183%	$660K	$99K	20x	as long as short
Aster NATGASUSDT	0.0000%	4h	2.9999	−0.118%	$259K	$73K	50x	as long as short
GRVT NATGAS_USDT_Perp	0.0000%	4h	3.0000	−0.117%	$19K	$208K	25x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8360	−5.577%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0002	−0.110%	$2K	$1.7M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	3.0010	−0.083%	$118K	$221K	75x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9977	−0.193%	$666K	$772K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9973	−0.206%	$132K	$358K	5x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NG-PERP	+0.0046%	1h	2.9980	−0.183%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9970	−0.216%	$6.0M	$4.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9963	−0.240%	$84K	$28K	10x	as long as short
Paradex NG-USD-PERP	+0.0051%	8h	2.9992	−0.143%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9965	−0.233%	$68K	$39K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.117%	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.117%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9990	−0.150%	$1.5M	$93K	10x	as long as short
Variational Omni NATGAS	+0.0101%	4h	2.9967	−0.225%	$355K	$429K	—	as long as short
KuCoin NATGASUSDTM	+0.0142%	4h	2.9970	−0.216%	$1.1M	$803K	20x	as long as short
Binance NATGASUSDT	+0.0156%	4h	2.9980	−0.183%	$9.6M	$32.0M	100x	as long as short
edgeX NATGASUSDC	+0.0180%	4h	2.9983	−0.174%	$85K	$211K	20x	as long as short
Gate NG_USDT	+0.0260%	8h	3.0010	−0.083%	$1.5M	$199K	100x	as long as short
OKX NG-USDT-SWAP	+0.0354%	8h	2.9980	−0.183%	$832K	$2.0M	50x	as long as short
BloFin NG-USDT	+0.0362%	8h	2.9980	−0.183%	$80K	$201K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]short	L +0.0493% / S −0.0486%	1h	2.9995	−0.133%	$88K	—	45x
Bitget NATGASUSDT	+0.0702%	4h	2.9960	−0.250%	$9.9M	$2.9M	100x	as long as short