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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Hotstuff+0.093%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 · Ondo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.093% dearer against Hotstuff than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP3.00180get 0.0000% / 1h25m 55s$35K20x
ShortOndo Perps NATGAS-USD.P3.00460.0050get 0.0006% / 1h25m 55s$84K$27K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$10.58
Price spread: +0.093% → 0.000%
$9.33
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$9.91
Costs to cover
0.100%
Break-even
0.4 days
Slippage unknown: Hotstuff: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Ondo Perps no order-book sample
Hotstuff and Ondo Perps: 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%1h3.0018long leg$35K20x
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8384−5.443%as long as short
SunX NATGAS-USDT0.0000%4h3.0052+0.113%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0020+0.007%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0032+0.047%$617K$414K10xas long as short
Extended XNG-USD+0.0032%1h3.0017−0.005%$112K$452K5xas long as short
Vest NG-PERP+0.0046%1h3.0020+0.007%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0016−0.007%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.Pshort+0.0050%1h3.0046+0.093%$84K$27K10x
Paradex NG-USD-PERP+0.0055%8h3.0032+0.048%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NATGASUSDT+0.0075%4h3.0030+0.040%$266K$73K50xas long as short
Pacifica NATGAS+0.0100%1h3.0000−0.060%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0010−0.027%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.060%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.060%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0040+0.073%$1.5M$95K10xas long as short
Variational Omni NATGAS+0.0154%4h3.0030+0.040%$312K$443Kas long as short
BloFin NG-USDT+0.0196%8h2.9990−0.093%$80K$189K20xas long as short
HTX NATGAS-USDT+0.0215%4h3.0042+0.080%$98K$211K75xas long as short
OKX NG-USDT-SWAP+0.0215%8h3.0020+0.007%$863K$1.7M50xas long as short
Binance NATGASUSDT+0.0241%4h3.0038+0.067%$10.1M$29.5M100xas long as short
edgeX NATGASUSDC+0.0245%4h3.0020+0.008%$85K$211K20xas long as short
Bitget NATGASUSDT+0.0320%4h2.9990−0.093%$10.0M$3.5M100xas long as short
GRVT NATGAS_USDT_Perp+0.0380%4h3.0011−0.024%$25K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0409% / S −0.0345%1h3.0035+0.057%$92K45xas long as short
Gate NG_USDT+0.0492%8h3.0040+0.073%$1.5M$255K100xas long as short
Kraken Futures PF_NATGASUSD+0.1001%1h3.0038+0.068%$52K$36K20xas long as short