NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.2003%/8h= −219.3% APRnext payment −$2.50 per $10,000 · paid last 24h −0.171%

Price spread now: Hotstuff against GMX−0.003%48s7-day average — · you buy dearer than you sell

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

Long on GMX 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 airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$60 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NATGAS/USD [ETH-USDC]	2.9985	L +0.0403% / S −0.0375%	pay 0.0050% / 1h	53m 39s	$88K	—	45x
Short	Hotstuff NATGAS-PERP	2.9984	−0.1600	pay 0.0200% / 1h	53m 39s	$36K	$599	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against GMX. 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 GMXbpFee HotstuffbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$420.56
Price spread: −0.003% → 0.000%: −$0.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$437.89
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

GMX 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 exchanges

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
Hotstuff NATGAS-PERPshort	−0.1600%	1h	2.9984	−0.003%	$36K	$599	20x
GRVT NATGAS_USDT_Perp	0.0000%	4h	2.9990	+0.017%	$14K	$194K	25x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8355	−5.436%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0001	+0.053%	$2K	$1.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9990	+0.017%	$118K	$219K	75x	as long as short
QFEX NATGAS-USD	+0.0003%	1h	2.9970	−0.050%	$594K	$101K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9986	+0.003%	$646K	$703K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9968	−0.057%	$123K	$371K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9980	−0.017%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9979	−0.020%	$6.0M	$4.9M	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9969	−0.053%	$84K	$28K	10x	as long as short
Paradex NG-USD-PERP	+0.0050%	8h	2.9985	+0.001%	$5K	—	5x	as long as short
Aster NATGASUSDT	+0.0087%	4h	3.0000	+0.050%	$258K	$74K	50x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9963	−0.073%	$68K	$39K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	2.9950	−0.117%	$1.1M	$754K	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.050%	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.050%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9980	−0.017%	$1.5M	$94K	10x	as long as short
Variational Omni NATGAS	+0.0182%	4h	2.9987	+0.007%	$355K	$419K	—	as long as short
Kraken Futures PF_NATGASUSD	+0.0241%	1h	2.9980	−0.016%	$53K	$47K	20x	as long as short
Binance NATGASUSDT	+0.0241%	4h	2.9974	−0.035%	$10.0M	$32.6M	100x	as long as short
edgeX NATGASUSDC	+0.0261%	4h	2.9980	−0.016%	$85K	$211K	20x	as long as short
Gate NG_USDT	+0.0320%	8h	3.0000	+0.050%	$1.5M	$157K	100x	as long as short
OKX NG-USDT-SWAP	+0.0355%	8h	2.9980	−0.017%	$835K	$2.0M	50x	as long as short
BloFin NG-USDT	+0.0370%	8h	3.0000	+0.050%	$80K	$201K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]long	L +0.0403% / S −0.0375%	1h	2.9985	long leg	$88K	—	45x
Bitget NATGASUSDT	+0.0794%	4h	2.9960	−0.083%	$9.9M	$2.7M	100x	as long as short