TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

NATGAS

RWAAll NATGAS markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PhemexNGUSDT
3.0400+0.0100pay 0.0050% / 4h3h 12m$1.8M$152K3xLong Phemex
SHORT
TxFlowNATGAS-USDC
3.0340+0.0100get 0.0013% / 1h12m 57s$79K$127K50xShort TxFlow5% off
Price gap−0.197%
Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$6 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$160.0000% /8h now · paid −0.161% over the last 7D
Price+$6spread −0.197% now, avg −0.259% → +0.061% if it goes back
Costs−$630.626% of $10k · taker + slippage, in and out
Result−$73−0.73%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.197%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NATGAS on 29 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size22.9 / 8.7 bp
    At $10k entering Phemex costs 22.9 bp, fee and slippage, 2.6× TxFlow’s.
  • Note: Margin at max leverage$3,333 + $200
    Phemex 3x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 6 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
  • OK: Entry gap works for you−0.197% vs −0.259%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$79K vs $1.8M OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points
    Volume here counts toward the points program.
  • Watch: KYCPhemex Yes · TxFlow No
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0077%/8h × 21 periods−$16.14
Price spread−0.197% → −0.259% (7d avg)+$6.14
Slippage, 4 orderslive order books−$41.55
Fee Phemex bp × 2 orders−$12.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$72.55
Costs to cover0.626%Break-evennever at this rate
Slippage: Phemex: live order book, 3 min ago; TxFlow: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhemex1.6422.9 bp−$2393.8 bp−$938doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.308.7 bp−$914.6 bp−$14641.7 bp−$4,165doesn’t fit

Closing costs about the same again.

Alert

NATGAS news

posts that mention NATGAS or Natural gas, from every exchangeSearch all news →
10-26 12:25KalshiOtherJUST IN: Natural gas futures fall to lowest since April @Kalshi on X ↗
10-24 13:38ApeX OmniOther“We must save our wealth, our natural resources.” says @prabowo. Days later Indonesia cut the gas to @singapore. So why did US $NATGAS FALL 6%? Why Indonesia cut gas to Singapore, and what it really did to the markets👇 @OfficialApeXdex on X ↗
10-22 12:00KuCoinOtherKuCoin TradFi now offers 170+ perpetual contract pairs across eight categories, giving eligible users 24/7 access to contracts referencing US, Hong Kong, and South Korean equities, metals, and other commodities. The lineup covers names like Tesla, NVIDIA, Micron, and SanDisk, plus crude oil, natural gas, copper, and silver, all settled in USDT. For VIP1+ users, the Unified Trading Account supports TradFi futures in one shared framework, and KCUSD can be used as margin while it keeps earning rewards. Explore the full lineup on the KuCoin Blog 👇 @kucoincom on X ↗
10-10 15:02Ondo PerpsOtherThe most in-demand markets trade 24/7 as perpetuals, weekends included: ▸ Intel ▸ XRP ▸ Gold ▸ AMD ▸ Meta ▸ Tesla ▸ Ondo ▸ Silver ▸ Circle ▸ Apple ▸ Zcash ▸ Netflix ▸ CXMT ▸ TSMC ▸ PURR ▸ DRAM ▸ Oracle ▸ Micron ▸ Bitcoin ▸ US100 ▸ US500 ▸ Nebius ▸ Solana ▸ Ethena ▸ Marvell ▸ Unitree ▸ Copper ▸ NVIDIA ▸ BitMine ▸ Alibaba ▸ Palantir ▸ Corning ▸ SpaceX ▸ Sandisk ▸ Amazon ▸ Zhipu AI ▸ MiniMax ▸ Strategy ▸ SK hynix ▸ Moderna ▸ Alphabet ▸ Microsoft ▸ Semis 3x ▸ Cerebras ▸ USD/JPY ▸ Samsung ▸ Coinbase ▸ Take-Two ▸ Ethereum ▸ Broadcom ▸ Lumentum ▸ BlackBerry ▸ Robinhood ▸ Hyperliquid ▸ CoreWeave ▸ Natural Gas ▸ Arm Holdings ▸ S&P 500 ETF ▸ WTI Crude Oil ▸ Brent Crude Oil ▸ South Korea 3x ▸ Nasdaq 100 ETF ▸ South Korea ETF ▸ Uranium Miners ETF Alongside always-on spot markets: ▸ Tesla ▸ Circle ▸ DRAM ▸ Micron ▸ NVIDIA ▸ SpaceX ▸ Sandisk ▸ Alphabet ▸ Gold ETF ▸ OPAIPon ▸ Silver ETF ▸ S&P 500 ETF ▸ Nasdaq 100 ETF All on a single platform. @OndoPerps on X ↗
09-17 19:02tradeXYZOtherCVX references 1 share of Chevron Corporation common stock (NYSE: CVX), quoted in USD. Chevron produces crude oil and natural gas and manufactures transportation fuels, lubricants, and petrochemicals. @tradexyz on X ↗