NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: Hotstuff against Ondo Perps+0.043%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.043% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NATGAS-USD.P	3.0030	0.0050	pay 0.0006% / 1h	47m 34s	$82K	$26K	10x
Short	Hotstuff NATGAS-PERP	3.0043	0.0040	get 0.0005% / 1h	47m 34s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Ondo Perps. 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 Ondo PerpsbpFee HotstuffbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$2.18
Price spread: +0.043% → 0.000%: $4.33
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$7.85
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Hotstuff: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Ondo Perps and Hotstuff: 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	2.8456	−5.241%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0082	+0.173%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0040	+0.033%	$669K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0025	−0.017%	$621K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0004	−0.087%	$110K	$404K	5x	as long as short
Hotstuff NATGAS-PERPshort	+0.0040%	1h	3.0043	+0.043%	$35K	—	20x
Vest NG-PERP	+0.0046%	1h	3.0030	0.000%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.Plong	+0.0050%	1h	3.0030	long leg	$82K	$26K	10x
Paradex NG-USD-PERP	+0.0073%	8h	3.0073	+0.144%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0095%	1h	3.0034	+0.013%	$6.0M	$5.7M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	3.0011	−0.063%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.100%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.100%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0060	+0.100%	$1.5M	$93K	10x	as long as short
KuCoin NATGASUSDTM	+0.0326%	4h	3.0030	0.000%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0371%	4h	3.0077	+0.156%	$265K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0470% / S −0.0411%	1h	3.0065	+0.117%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0522%	8h	3.0080	+0.167%	$1.5M	$191K	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0546%	4h	3.0030	0.000%	$25K	$218K	25x	as long as short
OKX NG-USDT-SWAP	+0.0547%	8h	3.0050	+0.067%	$863K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0561%	4h	3.0040	+0.032%	$317K	$449K	—	as long as short
HTX NATGAS-USDT	+0.0565%	4h	3.0081	+0.170%	$107K	$214K	75x	as long as short
BloFin NG-USDT	+0.0575%	8h	3.0020	−0.033%	$81K	$191K	20x	as long as short
edgeX NATGASUSDC	+0.0587%	4h	3.0040	+0.032%	$85K	$212K	20x	as long as short
Binance NATGASUSDT	+0.0596%	4h	3.0040	+0.033%	$10.2M	$28.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0855%	1h	3.0071	+0.136%	$54K	$33K	20x	as long as short
Bitget NATGASUSDT	+0.0984%	4h	3.0010	−0.067%	$9.9M	$3.2M	100x	as long as short