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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0463%/8h= +50.7% APRnext payment +$2.32 per $10,000 · paid last 24h +0.100%
Price spread now: edgeX against HTX−0.077%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$750.750% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.350%+$35 on $10k
Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.077%, 7d avg −0.051%
Together, before fees+0.358%+ Points / potential airdropedgeX: Active · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.027% cheaper against HTX than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.051%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.350% in total) that is about 13 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NATGAS-USDT3.00810.0046pay 0.0023% / 4h1h 01m$116K$215K75x
ShortedgeX NATGASUSDC3.00580.0510get 0.0255% / 4h1h 01m$85K$213K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$97.33
Price spread: −0.077% → −0.051%
−$2.66
Slippage, 4 orders
−$54.03
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$19.63
Costs to cover
0.750%
Break-even
5.6 days
Slippage from HTX: live order book, 40 min ago; edgeX: live order book, 40 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, 40 min ago3.16 bp11.1 bp −$1120.9 bp −$209doesn't fitdoesn't fit
Sell edgeX live order book, 40 min ago13.31 bp21.0 bp −$2129.2 bp −$292doesn'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%1h2.8455−5.405%as long as short
SunX NATGAS-USDT0.0000%4h3.0082+0.003%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0060−0.070%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0069−0.040%$629K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0058−0.076%$111K$283K5xas long as short
Vest NG-PERP+0.0046%1h3.0070−0.037%$14K10xas long as short
HTX NATGAS-USDTlong+0.0046%4h3.0081long leg$116K$215K75x
tradeXYZ xyz:NATGAS+0.0050%1h3.0065−0.053%$6.0M$5.3M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0076−0.017%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0073−0.028%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0061−0.068%$68K$31K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.063%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.269%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070−0.037%$1.5M$92K10xas long as short
GRVT NATGAS_USDT_Perp+0.0136%4h3.0055−0.087%$15K$222K25xas long as short
Hotstuff NATGAS-PERP+0.0184%1h3.0060−0.070%$35K20xas long as short
KuCoin NATGASUSDTM+0.0204%4h3.0050−0.103%$1.0M$899K20xas long as short
Aster NATGASUSDT+0.0252%4h3.0086+0.015%$265K$68K50xas long as short
Variational Omni NATGAS+0.0481%4h3.0050−0.104%$318K$393Kas long as short
Binance NATGASUSDT+0.0495%4h3.0060−0.070%$10.3M$28.5M100xas long as short
edgeX NATGASUSDCshort+0.0510%4h3.0058−0.077%$85K$213K20x
GMX NATGAS/USD [ETH-USDC]L +0.0566% / S −0.0576%1h3.0065−0.053%$88K45xas long as short
Gate NG_USDT+0.0587%8h3.0090+0.030%$1.5M$197K100xas long as short
OKX NG-USDT-SWAP+0.0654%8h3.0070−0.037%$876K$1.8M50xas long as short
BloFin NG-USDT+0.0677%8h3.0040−0.136%$83K$198K20xas long as short
Bitget NATGASUSDT+0.0920%4h3.0050−0.103%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0987%1h3.0081+0.001%$56K$36K20xas long as short