Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0572%/8h= +62.6% APRpaid last 24h +0.071%

Price spread now: Gate against HTX+0.007%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.490%+$49 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.007%, 7d avg −0.027%

Together, before fees+0.462%+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Gate is 0.033% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NATGAS-USDT	3.0068	0.0007	pay 0.0004% / 4h	37m 56s	$117K	$216K	75x
Short	Gate NG_USDT	3.0070	0.0579	get 0.0579% / 8h	37m 56s	$1.5M	$195K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee HTXbpFee GatebpOrdersPrice spread, now +0.007%Rate

Funding earned: $120.03
Price spread: +0.007% → −0.027%: $3.35
Slippage, 4 orders: −$37.88
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $58.49
Costs to cover: 0.649%
Break-even: 3.6 days

Slippage from HTX: live order book, 63 min ago; Gate: live order book, 4 min ago.

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 HTX live order book, 63 min ago	3.16 bp	11.1 bp −$11	20.9 bp −$209	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.66 bp	15.6 bp −$16	58.9 bp −$589	doesn't fit	doesn't fit

NATGAS on 27 venues

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-PERP	−0.0104%	1h	3.0048	−0.067%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8426	−5.461%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0032	−0.120%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0004%	1h	3.0050	−0.060%	$660K	$96K	20x	as long as short
HTX NATGAS-USDTlong	+0.0007%	4h	3.0068	long leg	$117K	$216K	75x
Lighter NATGAS	+0.0032%	1h	3.0055	−0.043%	$631K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0048	−0.067%	$111K	$271K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	−0.060%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0053	−0.050%	$6.0M	$5.2M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0009	−0.196%	$82K	$26K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NG-USD-PERP	+0.0052%	8h	3.0062	−0.020%	$5K	—	5x	as long as short
GRVT NATGAS_USDT_Perp	+0.0092%	4h	3.0030	−0.126%	$15K	$222K	25x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0043	−0.083%	$69K	$32K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.226%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.226%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0050	−0.060%	$1.5M	$91K	10x	as long as short
KuCoin NATGASUSDTM	+0.0178%	4h	3.0040	−0.093%	$1.0M	$888K	20x	as long as short
Aster NATGASUSDT	+0.0201%	4h	3.0047	−0.070%	$265K	$65K	50x	as long as short
Variational Omni NATGAS	+0.0413%	4h	3.0029	−0.129%	$318K	$390K	—	as long as short
Binance NATGASUSDT	+0.0433%	4h	3.0054	−0.048%	$10.4M	$28.4M	100x	as long as short
edgeX NATGASUSDC	+0.0450%	4h	3.0024	−0.146%	$85K	$212K	20x	as long as short
Gate NG_USDTshort	+0.0579%	8h	3.0070	+0.007%	$1.5M	$195K	100x
GMX NATGAS/USD [ETH-USDC]	L +0.0580% / S −0.0593%	1h	3.0055	−0.043%	$88K	—	45x	as long as short
BloFin NG-USDT	+0.0606%	8h	3.0030	−0.126%	$82K	$198K	20x	as long as short
OKX NG-USDT-SWAP	+0.0630%	8h	3.0030	−0.126%	$856K	$1.8M	50x	as long as short
Kraken Futures PF_NATGASUSD	+0.0861%	1h	3.0068	−0.001%	$56K	$36K	20x	as long as short
Bitget NATGASUSDT	+0.0880%	4h	3.0030	−0.126%	$9.9M	$3.0M	100x	as long as short