Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.002%

Price spread now: Ondo Perps against HTX−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: 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: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.196%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NATGAS-USDT	2.9954	0.0139	pay 0.0069% / 4h	1h 03m	$98K	$215K	75x
Short	Ondo Perps NATGAS-USD.P	2.9950	0.0050	get 0.0006% / 1h	3m 31s	$84K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$18.59
Price spread: −0.013% → 0.000%: −$1.34
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$36.93
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 13 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 13 min ago	4.17 bp	10.2 bp −$10	18.0 bp −$180	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8281	−5.585%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9952	−0.007%	$2K	$2.6M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9936	−0.060%	$619K	$411K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9930	−0.080%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.Pshort	+0.0050%	1h	2.9950	−0.013%	$84K	$45K	10x
tradeXYZ xyz:NATGAS	+0.0054%	1h	2.9920	−0.114%	$5.9M	$6.0M	10x	as long as short
Paradex NG-USD-PERP	+0.0097%	8h	2.9930	−0.080%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9917	−0.124%	$68K	$34K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	2.9920	−0.114%	$1.0M	$1.2M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.180%	$36K	$216K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.180%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9930	−0.080%	$1.5M	$99K	10x	as long as short
HTX NATGAS-USDTlong	+0.0139%	4h	2.9954	long leg	$98K	$215K	75x
QFEX NATGAS-USD	+0.0160%	1h	2.9930	−0.080%	$657K	$86K	20x	as long as short
Hotstuff NATGAS-PERP	+0.0184%	1h	2.9928	−0.087%	$35K	—	20x	as long as short
Gate NG_USDT	+0.0219%	8h	2.9960	+0.020%	$1.5M	$307K	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0252%	4h	2.9940	−0.047%	$13K	$246K	25x	as long as short
OKX NG-USDT-SWAP	+0.0278%	8h	2.9930	−0.080%	$856K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0308%	8h	2.9930	−0.080%	$80K	$189K	20x	as long as short
Extended XNG-USD	+0.0312%	1h	2.9916	−0.128%	$110K	$471K	5x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9935	−0.063%	$93K	—	45x	as long as short
Aster NATGASUSDT	+0.0431%	4h	2.9941	−0.043%	$265K	$105K	50x	as long as short
Variational Omni NATGAS	+0.0478%	4h	2.9931	−0.077%	$311K	$444K	—	as long as short
Kraken Futures PF_NATGASUSD	+0.0515%	1h	2.9949	−0.016%	$52K	$40K	20x	as long as short
Binance NATGASUSDT	+0.0532%	4h	2.9936	−0.061%	$10.1M	$30.4M	100x	as long as short
edgeX NATGASUSDC	+0.0571%	4h	2.9931	−0.077%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0688%	4h	2.9900	−0.180%	$10.0M	$3.9M	100x	as long as short