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−0.0045%/8h= −5.0% APRpaid last 24h −0.010%
Price spread now: Paradex against Hotstuff−0.005%7-day average · you buy dearer than you sell
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 airdropHotstuff: Active · Paradex: 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: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP3.00310.0096pay 0.0012% / 1h4m 00s$35K20x
ShortParadex NG-USD-PERP3.00290.0051get 0.0051% / 8h4m 00s$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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

Funding earned
−$9.5
Price spread: −0.005% → 0.000%
−$0.54
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$19.04
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Paradex: 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 Hotstuff no order-book sample
Sell Paradex no order-book sample
Hotstuff and Paradex: 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
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8384−5.484%as long as short
SunX NATGAS-USDT0.0000%4h3.0042+0.037%$2K$2.4M20xas long as short
HTX NATGAS-USDT0.0000%4h3.0027−0.013%$118K$221K75xas long as short
QFEX NATGAS-USD+0.0004%1h3.0020−0.037%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0030−0.003%$631K$495K10xas long as short
Extended XNG-USD+0.0032%1h3.0016−0.050%$109K$271K5xas long as short
GRVT NATGAS_USDT_Perp+0.0042%4h3.0020−0.037%$18K$229K25xas long as short
Vest NG-PERP+0.0046%1h3.0030−0.003%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0019−0.040%$6.0M$5.3M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0015−0.053%$82K$26K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERPshort+0.0051%8h3.0029−0.005%$5K5x
Hotstuff NATGAS-PERPlong+0.0096%1h3.0031long leg$35K20x
Pacifica NATGAS+0.0100%1h3.0002−0.097%$69K$32K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.230%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.103%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020−0.037%$1.5M$90K10xas long as short
KuCoin NATGASUSDTM+0.0140%4h3.0010−0.070%$1.0M$864K20xas long as short
Aster NATGASUSDT+0.0145%4h3.0040+0.030%$264K$69K50xas long as short
Variational Omni NATGAS+0.0339%4h3.00310.000%$318K$390Kas long as short
Binance NATGASUSDT+0.0359%4h3.0020−0.037%$10.4M$28.6M100xas long as short
edgeX NATGASUSDC+0.0387%4h3.0037+0.019%$85K$212K20xas long as short
BloFin NG-USDT+0.0530%8h3.0010−0.070%$76K$198K20xas long as short
OKX NG-USDT-SWAP+0.0546%8h3.0010−0.070%$802K$1.9M50xas long as short
Gate NG_USDT+0.0568%8h3.0050+0.063%$1.5M$197K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0586% / S −0.0600%1h3.0025−0.020%$88K45xas long as short
Bitget NATGASUSDT+0.0826%4h3.0000−0.103%$9.9M$3.0M100xas long as short
Kraken Futures PF_NATGASUSD+0.0862%1h3.0039+0.027%$56K$35K20xas long as short