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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.5% APRnext payment $0.10 per $10,000 · paid last 24h +0.012%
Price spread now: Hotstuff against Vest+0.030%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.030% dearer against Vest than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest NG-PERP3.00600.0046pay 0.0006% / 1h37m 33s$14K10x
ShortHotstuff NATGAS-PERP3.0069−0.0032pay 0.0004% / 1h37m 33s$35K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Vest. 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
−$16.31
Price spread: +0.030% → 0.000%
$2.99
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$20.32
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Vest: 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Hotstuff no order-book sample
Vest 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERPshort−0.0032%1h3.0069+0.030%$35K20x
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8426−5.436%as long as short
SunX NATGAS-USDT0.0000%4h3.0032−0.093%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0004%1h3.00600.000%$660K$96K20xas long as short
HTX NATGAS-USDT+0.0007%4h3.0068+0.027%$117K$216K75xas long as short
Lighter NATGAS+0.0032%1h3.0068+0.027%$631K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0061+0.003%$111K$271K5xas long as short
Vest NG-PERPlong+0.0046%1h3.0060long leg$14K10x
tradeXYZ xyz:NATGAS+0.0050%1h3.0068+0.027%$6.0M$5.2M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0009−0.170%$82K$26K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0052%8h3.0077+0.055%$5K5xas long as short
GRVT NATGAS_USDT_Perp+0.0084%4h3.0039−0.068%$15K$222K25xas long as short
Pacifica NATGAS+0.0100%1h3.0050−0.033%$69K$32K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.200%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.200%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0050−0.033%$1.5M$91K10xas long as short
KuCoin NATGASUSDTM+0.0178%4h3.0040−0.067%$1.0M$888K20xas long as short
Aster NATGASUSDT+0.0197%4h3.0061+0.002%$265K$65K50xas long as short
Variational Omni NATGAS+0.0413%4h3.0029−0.103%$318K$390Kas long as short
Binance NATGASUSDT+0.0431%4h3.00600.000%$10.4M$28.4M100xas long as short
edgeX NATGASUSDC+0.0443%4h3.0029−0.102%$85K$212K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0581% / S −0.0594%1h3.0065+0.017%$88K45xas long as short
Gate NG_USDT+0.0581%8h3.0070+0.033%$1.5M$195K100xas long as short
BloFin NG-USDT+0.0606%8h3.0030−0.100%$82K$198K20xas long as short
OKX NG-USDT-SWAP+0.0628%8h3.0050−0.033%$856K$1.8M50xas long as short
Kraken Futures PF_NATGASUSD+0.0861%1h3.0068+0.026%$56K$36K20xas long as short
Bitget NATGASUSDT+0.0878%4h3.0040−0.067%$9.9M$3.0M100xas long as short