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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRnext payment $0.43 per $10,000 · paid last 24h +0.049%
Price spread now: Aster against HTX−0.060%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1031.029% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.124%+$12 on $10k
Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.060%, 7d avg −0.038%
Together, before fees+0.117%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.022% cheaper against HTX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.038%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.124%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NATGAS-USDT3.00480.0180pay 0.0090% / 4h3h 07m$98K$211K75x
ShortAster NATGASUSDT3.00300.0094get 0.0047% / 4h3h 07m$266K$73K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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
−$18
Price spread: −0.060% → −0.038%
−$2.19
Slippage, 4 orders
−$82.95
Fee HTX: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$123.15
Costs to cover
1.029%
Break-even
never at this rate
Slippage from HTX: live order book, 64 min ago; Aster: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 64 min ago0.17 bp6.2 bp −$611.4 bp −$114doesn't fitdoesn't fit
Sell Aster live order book, 64 min ago5.00 bp15.1 bp −$1517.6 bp −$176doesn't fitdoesn't fit

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%1h2.8379−5.554%as long as short
SunX NATGAS-USDT0.0000%4h3.0052+0.013%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0020−0.093%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0029−0.063%$617K$414K10xas long as short
Extended XNG-USD+0.0032%1h3.0014−0.113%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.0030−0.060%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0018−0.100%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0020−0.093%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0054%8h3.0032−0.052%$5K5xas long as short
Aster NATGASUSDTshort+0.0094%4h3.0030−0.060%$266K$73K50x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0019−0.097%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0020−0.093%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.160%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.160%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030−0.060%$1.5M$95K10xas long as short
Hotstuff NATGAS-PERP+0.0160%1h3.0017−0.103%$35K20xas long as short
HTX NATGAS-USDTlong+0.0180%4h3.0048long leg$98K$211K75x
Variational Omni NATGAS+0.0181%4h3.0020−0.093%$312K$443Kas long as short
OKX NG-USDT-SWAP+0.0254%8h3.0020−0.093%$863K$1.7M50xas long as short
BloFin NG-USDT+0.0272%8h2.9990−0.193%$81K$189K20xas long as short
Binance NATGASUSDT+0.0273%4h3.0034−0.047%$10.1M$29.2M100xas long as short
edgeX NATGASUSDC+0.0276%4h3.0030−0.061%$85K$212K20xas long as short
GRVT NATGAS_USDT_Perp+0.0298%4h3.0020−0.093%$25K$200K25xas long as short
Gate NG_USDT+0.0377%8h3.0040−0.027%$1.5M$256K100xas long as short
Bitget NATGASUSDT+0.0384%4h3.0010−0.126%$9.9M$3.5M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0413% / S −0.0350%1h3.0035−0.043%$92K45xas long as short
Kraken Futures PF_NATGASUSD+0.1001%1h3.0042−0.020%$52K$36K20xas long as short