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−0.0087%/8h= −9.6% APRnext payment $0.44 per $10,000 · paid last 24h +0.054%
Price spread now: Aster against HTX−0.083%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$790.792% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.083%, 7d avg −0.042%
Together, before fees+0.157%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.041% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.134%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NATGAS-USDT3.00850.0518pay 0.0259% / 4h3h 05m$107K$212K75x
ShortAster NATGASUSDT3.00600.0430get 0.0215% / 4h3h 05m$264K$74K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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
−$18.34
Price spread: −0.083% → −0.042%
−$4.14
Slippage, 4 orders
−$59.19
Fee HTX: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$101.67
Costs to cover
0.792%
Break-even
never at this rate
Slippage from HTX: live order book, 45 min ago; Aster: live order book, 46 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 HTX live order book, 45 min ago1.50 bp7.5 bp −$714.0 bp −$140doesn't fitdoesn't fit
Sell Aster live order book, 46 min ago6.65 bp16.9 bp −$1718.8 bp −$188doesn't fitdoesn't fit

NATGAS on 26 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
SunX NATGAS-USDT0.0000%4h3.0082−0.010%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0060−0.083%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0056−0.096%$628K$503K10xas long as short
Hotstuff NATGAS-PERP+0.0032%1h3.0063−0.073%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0050−0.116%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0057−0.093%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0095%1h3.0046−0.130%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0098%8h3.0076−0.031%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0050−0.116%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.283%$37K$218K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.283%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060−0.083%$1.5M$93K10xas long as short
Extended XNG-USD+0.0216%1h3.0039−0.154%$110K$364K5xas long as short
KuCoin NATGASUSDTM+0.0366%4h3.0040−0.150%$1.0M$982K20xas long as short
Aster NATGASUSDTshort+0.0430%4h3.0060−0.083%$264K$74K50x
GRVT NATGAS_USDT_Perp+0.0462%4h3.0056−0.098%$13K$223K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0489% / S −0.0432%1h3.0065−0.066%$92K45xas long as short
HTX NATGAS-USDTlong+0.0518%4h3.0085long leg$107K$212K75x
Gate NG_USDT+0.0556%8h3.0090+0.017%$1.5M$193K100xas long as short
BloFin NG-USDT+0.0585%8h3.0080−0.017%$82K$195K20xas long as short
OKX NG-USDT-SWAP+0.0611%8h3.0050−0.116%$867K$1.7M50xas long as short
Variational Omni NATGAS+0.0642%4h3.0060−0.084%$317K$449Kas long as short
Binance NATGASUSDT+0.0665%4h3.0050−0.116%$10.3M$28.2M100xas long as short
edgeX NATGASUSDC+0.0676%4h3.0070−0.052%$85K$212K20xas long as short
Kraken Futures PF_NATGASUSD+0.0854%1h3.0079−0.020%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1038%4h3.0030−0.183%$9.9M$3.2M100xas long as short