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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.031%
Price spread now: SunX against HTX+0.023%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$680.680% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.023%, 7d avg +0.009%
Together, before fees−0.083%−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NATGAS-USDT3.00250get 0.0000% / 4h13m 15s$117K$216K75x
ShortSunX NATGAS-USDT3.00320get 0.0000% / 4h13m 15s$2K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0
Price spread: +0.023% → +0.009%
$1.44
Slippage, 4 orders
−$48.04
Fee HTX: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$66.6
Costs to cover
0.680%
Break-even
never at this rate
Slippage from HTX: live order book, 23 min ago; SunX: live order book, 4 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, 23 min ago4.32 bp10.3 bp −$1013.5 bp −$135doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago15.15 bp27.8 bp −$28doesn't fitdoesn'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%1h2.8384−5.465%as long as short
SunX NATGAS-USDTshort0.0000%4h3.0032+0.023%$2K$2.4M20x
HTX NATGAS-USDTlong0.0000%4h3.0025long leg$117K$216K75x
QFEX NATGAS-USD+0.0004%1h3.0010−0.050%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0026+0.003%$631K$495K10xas long as short
Extended XNG-USD+0.0032%1h3.0012−0.043%$109K$275K5xas long as short
Vest NG-PERP+0.0046%1h3.0010−0.050%$14K10xas long as short
GRVT NATGAS_USDT_Perp+0.0048%4h3.0019−0.019%$15K$222K25xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0019−0.020%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0012−0.043%$6.0M$5.3M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NATGAS-USD.P+0.0050%1h3.0058+0.110%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0051%8h3.0024−0.002%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0009−0.052%$69K$32K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.083%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.083%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020−0.017%$1.5M$90K10xas long as short
KuCoin NATGASUSDTM+0.0144%4h3.0010−0.050%$1.0M$869K20xas long as short
Aster NATGASUSDT+0.0163%4h3.0040+0.050%$264K$69K50xas long as short
Variational Omni NATGAS+0.0356%4h3.0020−0.015%$318K$390Kas long as short
Binance NATGASUSDT+0.0379%4h3.0010−0.050%$10.4M$28.6M100xas long as short
edgeX NATGASUSDC+0.0394%4h3.0016−0.031%$85K$213K20xas long as short
OKX NG-USDT-SWAP+0.0565%8h3.0000−0.083%$802K$1.8M50xas long as short
BloFin NG-USDT+0.0573%8h3.0020−0.017%$80K$198K20xas long as short
Gate NG_USDT+0.0575%8h3.0040+0.050%$1.5M$196K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0587% / S −0.0601%1h3.0035+0.033%$88K45xas long as short
Bitget NATGASUSDT+0.0834%4h2.9990−0.117%$9.9M$3.0M100xas long as short
Kraken Futures PF_NATGASUSD+0.0862%1h3.0030+0.017%$55K$35K20xas long as short