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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.002%
Price spread now: GRVT against HTX−0.146%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$390.392% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.146%, 7d avg −0.042%
Together, before fees+0.162%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.104% cheaper against HTX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NATGAS-USDT2.99870get 0.0000% / 4h22m 55s$98K$213K75x
ShortGRVT NATGAS_USDT_Perp2.99430.0008get 0.0004% / 4h22m 55s$13K$238K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
$1.68
Price spread: −0.146% → −0.042%
−$10.39
Slippage, 4 orders
−$18.18
Fee HTX: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$47.88
Costs to cover
0.392%
Break-even
206.5 days
Slippage from HTX: live order book, 53 min ago; GRVT: live order book, 54 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, 53 min ago4.17 bp10.2 bp −$1018.0 bp −$180doesn't fitdoesn't fit
Sell GRVT live order book, 54 min ago1.67 bp9.5 bp −$1016.7 bp −$167doesn't fitdoesn't fit

NATGAS on 26 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-PERP−0.0008%1h2.9947−0.133%$35K20xas long as short
SunX NATGAS-USDT0.0000%4h2.9971−0.053%$2K$2.6M20xas long as short
HTX NATGAS-USDTlong0.0000%4h2.9987long leg$98K$213K75x
GRVT NATGAS_USDT_Perpshort+0.0008%4h2.9943−0.146%$13K$238K25x
QFEX NATGAS-USD+0.0030%1h2.9950−0.123%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9965−0.073%$619K$416K10xas long as short
Vest NG-PERP+0.0046%1h2.9950−0.123%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947−0.133%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9974−0.043%$84K$43K10xas long as short
Paradex NG-USD-PERP+0.0069%8h2.9952−0.118%$5K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended XNG-USD+0.0080%1h2.9938−0.165%$110K$453K5xas long as short
Pacifica NATGAS+0.0100%1h2.9939−0.159%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9940−0.157%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.290%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.043%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9960−0.090%$1.5M$97K10xas long as short
Aster NATGASUSDT+0.0108%4h2.9960−0.090%$265K$73K50xas long as short
BloFin NG-USDT+0.0148%8h2.9940−0.157%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0151%8h2.9950−0.123%$858K$1.7M50xas long as short
Variational Omni NATGAS+0.0152%4h2.9952−0.118%$311K$443Kas long as short
Gate NG_USDT+0.0179%8h2.9970−0.057%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0234%4h2.9950−0.123%$10.1M$30.0M100xas long as short
edgeX NATGASUSDC+0.0265%4h2.9952−0.118%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0322%4h2.9930−0.190%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955−0.107%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9970−0.057%$52K$39K20xas long as short