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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0249%/8h= +27.3% APRpaid last 24h +0.014%
Price spread now: HTX against Lighter+0.017%7-day average +0.180% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$270.268% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.794%−$79 on $10k
Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.017%, 7d avg +0.180%
Together, before fees−0.755%+ Points / potential airdropLighter: Season 3 · farm board−$75 on $10k · with fees, hour by hour
Funding pays, the price is against you. HTX is 0.163% cheaper against Lighter than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.180%). If the spread goes back, that is −$16 on $10k: about 2.2 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.794%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NATGAS2.99990.0032pay 0.0004% / 1h47m 01s$617K$412K10x
ShortHTX NATGAS-USDT3.00040.0281get 0.0140% / 4h3h 47m$98K$210K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Lighter. 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
$52.26
Price spread: +0.017% → +0.180%
−$16.32
Slippage, 4 orders
−$14.76
Fee Lighter: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
$9.18
Costs to cover
0.268%
Break-even
5.8 days
Slippage from Lighter: live order book, 19 min ago; HTX: live order book, 24 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 Lighter live order book, 19 min ago1.17 bp1.8 bp −$210.2 bp −$10271.7 bp −$7,167doesn't fit
Sell HTX live order book, 24 min ago0.17 bp14.4 bp −$1419.7 bp −$197doesn'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%1h2.8340−5.530%as long as short
SunX NATGAS-USDT0.0000%4h3.0001+0.007%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h2.9970−0.097%$658K$85K20xas long as short
Lighter NATGASlong+0.0032%1h2.9999long leg$617K$412K10x
Extended XNG-USD+0.0032%1h2.9966−0.109%$110K$451K5xas long as short
Hotstuff NATGAS-PERP+0.0032%1h2.9975−0.080%$35K20xas long as short
Aster NATGASUSDT+0.0044%4h2.9960−0.130%$265K$73K50xas long as short
Vest NG-PERP+0.0046%1h2.9970−0.097%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9973−0.087%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0001+0.007%$84K$36K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0058%8h2.9992−0.024%$5K5xas long as short
Variational Omni NATGAS+0.0074%4h2.9980−0.062%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9979−0.066%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9970−0.097%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.330%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.003%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9980−0.063%$1.5M$95K10xas long as short
BloFin NG-USDT+0.0149%8h2.9980−0.063%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0162%8h2.9970−0.097%$857K$1.7M50xas long as short
Binance NATGASUSDT+0.0192%4h2.9987−0.041%$10.1M$29.5M100xas long as short
edgeX NATGASUSDC+0.0194%4h2.9980−0.062%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0232%4h2.9960−0.130%$10.0M$3.5M100xas long as short
HTX NATGAS-USDTshort+0.0281%4h3.0004+0.017%$98K$210K75x
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9985−0.047%$93K45xas long as short
GRVT NATGAS_USDT_Perp+0.0418%4h2.9970−0.097%$25K$214K25xas long as short
Gate NG_USDT+0.0468%8h3.0000+0.003%$1.5M$254K100xas long as short
Kraken Futures PF_NATGASUSD+0.1002%1h2.9990−0.030%$52K$39K20xas long as short