NATGAS

Alert

Funding spread now, next payment 17:00 UTC+0.0088%/8h

next payment, per $10,000+$0.11paid, last 24h+0.005%paid, last 3 days+1.059%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NATGAS-PERP	3.0002	−0.0056	get 0.0007% / 1h	11m 29s	$35K	—	20x
Short	Lighter NATGAS	3.0008	0.0032	get 0.0004% / 1h	11m 29s	$620K	$401K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee LighterbpOrdersRate

Funding earned: $18.48
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $13.48
Break-even: 1.9 days

Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 30 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.020%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Lighter live order book, 30 min ago	1.16 bp	3.7 bp −$4	19.1 bp −$191	89.0 bp −$8,897	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 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERPlong	−0.0056%	1h	$35K	—	20x
QFEX NATGAS-USD	0.0000%	1h	$658K	$138K	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	$2K	$2.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	$97K	$224K	75x	as long as short
Aster NATGASUSDT	+0.0017%	4h	$265K	$102K	50x	as long as short
Lighter NATGASshort	+0.0032%	1h	$620K	$401K	10x
Extended XNG-USD	+0.0032%	1h	$109K	$1.4M	5x	as long as short
Variational Omni NATGAS	+0.0034%	4h	$664K	$153K	—	as long as short
Vest NG-PERP	+0.0046%	1h	—	$378	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
tradeXYZ xyz:NATGAS	+0.0050%	1h	$5.7M	$5.8M	10x	as long as short
Paradex NG-USD-PERP	+0.0050%	8h	$5K	—	5x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	$87K	$68K	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	$83K	$18K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	$1.0M	$968K	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	$37K	$219K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	$3K	$12	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	$1.5M	$86K	10x	as long as short
Binance NATGASUSDT	+0.0104%	4h	$10.1M	$28.1M	100x	as long as short
edgeX NATGASUSDC	+0.0113%	4h	$85K	$213K	20x	as long as short
BloFin NG-USDT	+0.0271%	8h	$85K	$178K	20x	as long as short
OKX NG-USDT-SWAP	+0.0272%	8h	$895K	$1.7M	50x	as long as short
Gate NG_USDT	+0.0367%	8h	$1.5M	$376K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0547% / S −0.0638%	1h	$82K	—	45x	as long as short
Bitget NATGASUSDT	+0.0622%	4h	$10.0M	$4.0M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0659%	1h	$54K	$57K	20x	as long as short