NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Hotstuff−0.037%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.037% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NATGAS-PERP	3.0009	0.0008	pay 0.0001% / 1h	46m 37s	$35K	—	20x
Short	Extended XNG-USD	2.9998	0.0032	get 0.0004% / 1h	46m 37s	$110K	$442K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hotstuff. 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 HotstuffbpFee ExtendedbpOrdersPrice spread, now −0.037%Rate

Funding earned: $5.04
Price spread: −0.037% → 0.000%: −$3.71
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.67
Costs to cover: 0.100%
Break-even: 19.0 days

Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 16 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Extended live order book, 16 min ago	0.67 bp	4.6 bp −$5	9.6 bp −$96	doesn't fit	doesn't fit

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	2.8386	−5.408%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0042	+0.110%	$2K	$2.4M	20x	as long as short
Hotstuff NATGAS-PERPlong	+0.0008%	1h	3.0009	long leg	$35K	—	20x
QFEX NATGAS-USD	+0.0019%	1h	3.0010	+0.003%	$658K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0013	+0.013%	$618K	$445K	10x	as long as short
Extended XNG-USDshort	+0.0032%	1h	2.9998	−0.037%	$110K	$442K	5x
Vest NG-PERP	+0.0046%	1h	3.0010	+0.003%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0008	−0.003%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0062%	8h	3.0024	+0.049%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0077%	1h	3.0009	0.000%	$5.9M	$5.9M	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	+0.007%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.030%	$37K	$218K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.030%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.037%	$1.5M	$95K	10x	as long as short
HTX NATGAS-USDT	+0.0217%	4h	3.0047	+0.127%	$100K	$213K	75x	as long as short
KuCoin NATGASUSDTM	+0.0278%	4h	3.0010	+0.003%	$1.0M	$1.1M	20x	as long as short
Aster NATGASUSDT	+0.0297%	4h	3.0010	+0.004%	$265K	$73K	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0364%	4h	3.0010	+0.003%	$12K	$214K	25x	as long as short
BloFin NG-USDT	+0.0377%	8h	2.9990	−0.063%	—	$188K	20x	as long as short
OKX NG-USDT-SWAP	+0.0391%	8h	3.0020	+0.037%	$862K	$1.7M	50x	as long as short
Gate NG_USDT	+0.0404%	8h	3.0050	+0.137%	$1.5M	$208K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0428% / S −0.0365%	1h	3.0025	+0.053%	$92K	—	45x	as long as short
Variational Omni NATGAS	+0.0459%	4h	3.0009	0.000%	$311K	$444K	—	as long as short
edgeX NATGASUSDC	+0.0514%	4h	3.0018	+0.029%	$85K	$213K	20x	as long as short
Binance NATGASUSDT	+0.0517%	4h	3.0020	+0.037%	$10.2M	$28.9M	100x	as long as short
Bitget NATGASUSDT	+0.0844%	4h	3.0000	−0.030%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1109%	1h	3.0034	+0.084%	$54K	$36K	20x	as long as short