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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0154%/8h= +16.8% APRpaid last 24h −0.007%
Price spread now: HTX against ApeX Omni+0.140%76s7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1621.618% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.182%−$18 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.140%, 7d avg +0.054%
Together, before fees−0.220%−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.086% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT3.00000.0100pay 0.0013% / 1h21m 43s$37K$215K50x
ShortHTX NATGAS-USDT3.00420.0254get 0.0127% / 4h1h 21m$101K$213K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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
$32.26
Price spread: +0.140% → +0.054%
$8.61
Slippage, 4 orders
−$139.8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$120.93
Costs to cover
1.618%
Break-even
33.2 days
Slippage from ApeX Omni: live order book, 39 min ago; HTX: live order book, 40 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 ApeX Omni live order book, 39 min ago33.33 bp73.2 bp −$73287.3 bp −$2,873doesn't fitdoesn't fit
Sell HTX live order book, 40 min ago4.16 bp10.5 bp −$1019.4 bp −$194doesn'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%1h2.8436−5.213%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.107%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0010+0.033%$658K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0010+0.033%$618K$494K10xas long as short
Vest NG-PERP+0.0046%1h3.0020+0.067%$37810xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0038+0.127%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0065%8h3.0021+0.071%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0091%1h3.0005+0.017%$6.0M$5.9M10xas long as short
Pacifica NATGAS+0.0100%1h3.0004+0.013%$68K$33K10xas long as short
ApeX Omni NATGASUSDTlong+0.0100%1h3.0000long leg$37K$215K50x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0010+0.033%$1.5M$95K10xas long as short
Hotstuff NATGAS-PERP+0.0112%1h3.0013+0.043%$35K20xas long as short
Extended XNG-USD+0.0128%1h2.9996−0.014%$110K$444K5xas long as short
HTX NATGAS-USDTshort+0.0254%4h3.0042+0.140%$101K$213K75x
KuCoin NATGASUSDTM+0.0360%4h3.0010+0.033%$1.1M$1.1M20xas long as short
Aster NATGASUSDT+0.0384%4h3.0012+0.040%$265K$73K50xas long as short
GRVT NATGAS_USDT_Perp+0.0404%4h3.0027+0.088%$12K$214K25xas long as short
BloFin NG-USDT+0.0406%8h2.9990−0.033%$81K$188K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0435% / S −0.0373%1h3.0015+0.050%$92K45xas long as short
OKX NG-USDT-SWAP+0.0439%8h3.0020+0.067%$853K$1.7M50xas long as short
Gate NG_USDT+0.0451%8h3.0060+0.200%$1.5M$209K100xas long as short
Variational Omni NATGAS+0.0547%4h3.0019+0.063%$311K$444Kas long as short
Binance NATGASUSDT+0.0596%4h3.0010+0.033%$10.2M$28.9M100xas long as short
edgeX NATGASUSDC+0.0598%4h3.0019+0.062%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0968%4h2.9990−0.033%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1109%1h3.0026+0.086%$53K$34K20xas long as short