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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.1596%/8h= +174.7% APRnext payment +$1.99 per $10,000 · paid last 24h −0.001%
Price spread now: QFEX against Hotstuff0.000%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$48 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP2.9960−0.1600get 0.0200% / 1h7m 56s$36K$59920x
ShortQFEX NATGAS-USD2.9960−0.0004pay 0.0001% / 1h7m 56s$660K$92K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
$335.13
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee QFEX: 5 bp × 2 orders
−$10
Net
$320.13
Costs to cover
0.150%
Break-even
0.3 days
Slippage unknown: Hotstuff: no order-book sample; QFEX: live order book, 24 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 QFEX live order book, 24 min ago3.33 bp11.5 bp −$1211.7 bp −$11713.1 bp −$1,306doesn'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 exchanges

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-PERPlong−0.1600%1h2.9960long leg$36K$59920x
Kraken Futures PF_NATGASUSD−0.0077%1h2.9957−0.009%$53K$47K20xas long as short
QFEX NATGAS-USDshort−0.0004%1h2.99600.000%$660K$92K20x
GRVT NATGAS_USDT_Perp0.0000%4h2.9966+0.020%$14K$194K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8326−5.454%as long as short
SunX NATGAS-USDT0.0000%4h2.9982+0.073%$2K$1.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9973+0.043%$118K$219K75xas long as short
Lighter NATGAS+0.0032%1h2.9965+0.017%$646K$795K10xas long as short
Extended XNG-USD+0.0032%1h2.9957−0.009%$123K$369K5xas long as short
Vest NG-PERP+0.0046%1h2.9970+0.033%$14K10xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NATGAS+0.0050%1h2.99600.000%$6.0M$4.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9955−0.017%$84K$28K10xas long as short
Paradex NG-USD-PERP+0.0051%8h2.9964+0.014%$5K5xas long as short
Aster NATGASUSDT+0.0073%4h2.9987+0.089%$258K$74K50xas long as short
Pacifica NATGAS+0.0100%1h2.9953−0.023%$68K$39K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9930−0.100%$1.1M$767K20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000+0.134%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.134%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.99600.000%$1.5M$94K10xas long as short
Variational Omni NATGAS+0.0168%4h2.9967+0.025%$355K$419Kas long as short
Binance NATGASUSDT+0.0233%4h2.99600.000%$10.0M$32.5M100xas long as short
edgeX NATGASUSDC+0.0246%4h2.9950−0.034%$85K$210K20xas long as short
Gate NG_USDT+0.0298%8h2.9980+0.067%$1.5M$202K100xas long as short
BloFin NG-USDT+0.0335%8h2.99600.000%$80K$201K20xas long as short
OKX NG-USDT-SWAP+0.0357%8h2.99600.000%$837K$2.0M50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0448% / S −0.0430%1h2.9965+0.017%$88K45xas long as short
Bitget NATGASUSDT+0.0770%4h2.9950−0.033%$9.9M$2.8M100xas long as short