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+0.0518%/8h= +56.7% APRpaid last 24h +0.060%
Price spread now: OKX against HTX−0.103%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$410.406% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.403%+$40 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.103%, 7d avg −0.094%
Together, before fees+0.390%+$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.094%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NATGAS-USDT3.00810.0135pay 0.0068% / 4h2h 08m$107K$212K75x
ShortOKX NG-USDT-SWAP3.00500.0653get 0.0653% / 8h2h 08m$867K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$108.7
Price spread: −0.103% → −0.094%
−$0.91
Slippage, 4 orders
−$18.59
Fee HTX: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
$67.19
Costs to cover
0.406%
Break-even
2.7 days
Slippage from HTX: live order book, 37 min ago; OKX: live order book, 3 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, 37 min ago4.16 bp10.2 bp −$1011.4 bp −$114doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago1.66 bp9.3 bp −$916.6 bp −$166doesn't fitdoesn't fit

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%1h2.8454−5.409%as long as short
SunX NATGAS-USDT0.0000%4h3.0082+0.003%$2K$2.4M20xas long as short
Hotstuff NATGAS-PERP+0.0016%1h3.0073−0.027%$35K20xas long as short
Lighter NATGAS+0.0032%1h3.0062−0.063%$629K$504K10xas long as short
Extended XNG-USD+0.0032%1h3.0065−0.053%$110K$333K5xas long as short
QFEX NATGAS-USD+0.0033%1h3.0050−0.103%$660K$96K20xas long as short
Vest NG-PERP+0.0046%1h3.0060−0.070%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0049−0.106%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0060%1h3.0062−0.063%$6.0M$5.5M10xas long as short
Paradex NG-USD-PERP+0.0063%8h3.0076−0.018%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0059−0.073%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.269%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.269%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070−0.037%$1.5M$93K10xas long as short
HTX NATGAS-USDTlong+0.0135%4h3.0081long leg$107K$212K75x
GRVT NATGAS_USDT_Perp+0.0170%4h3.0052−0.096%$13K$212K25xas long as short
KuCoin NATGASUSDTM+0.0318%4h3.0050−0.103%$1.0M$945K20xas long as short
Aster NATGASUSDT+0.0340%4h3.0090+0.028%$265K$75K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0528% / S −0.0528%1h3.0065−0.053%$88K45xas long as short
Variational Omni NATGAS+0.0561%4h3.0060−0.071%$317K$432Kas long as short
Binance NATGASUSDT+0.0582%4h3.0075−0.022%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0592%4h3.0060−0.071%$85K$212K20xas long as short
Gate NG_USDT+0.0611%8h3.0090+0.030%$1.5M$196K100xas long as short
BloFin NG-USDT+0.0652%8h3.0070−0.037%$81K$195K20xas long as short
OKX NG-USDT-SWAPshort+0.0653%8h3.0050−0.103%$867K$1.7M50x
Bitget NATGASUSDT+0.0988%4h3.0040−0.136%$9.9M$3.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.1181%1h3.0083+0.007%$56K$35K20xas long as short