Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h −0.007%
Price spread now: HTX against Orderly+0.193%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.193% dearer against Orderly than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NATGAS_USDC_mythos3.00000.0100pay 0.0100% / 8h6h 14m$3K$54410x
ShortHTX NATGAS-USDT3.00580.0245get 0.0123% / 4h2h 14m$98K$212K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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
$30.51
Price spread: +0.193% → 0.000%
$19.33
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
$31.84
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 52 min ago. 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 Orderly no order-book sample
Sell HTX live order book, 52 min ago3.16 bp11.4 bp −$1118.6 bp −$186doesn't fitdoesn't fit
Orderly: 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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.0040%1h3.0003+0.010%$35K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8361−5.463%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.107%$2K$2.5M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0010+0.033%$658K$86K20xas long as short
Lighter NATGAS+0.0032%1h3.0018+0.060%$618K$445K10xas long as short
Vest NG-PERP+0.0046%1h3.00000.000%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9992−0.027%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0030+0.100%$82K$27K10xas long as short
Extended XNG-USD+0.0072%1h2.9993−0.023%$110K$449K5xas long as short
Paradex NG-USD-PERP+0.0072%8h3.0015+0.048%$5K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0004+0.013%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythoslong+0.0100%8h3.0000long leg$3K$54410x
Phemex NGUSDT+0.0100%4h3.0010+0.033%$1.5M$95K10xas long as short
KuCoin NATGASUSDTM+0.0166%4h3.0010+0.033%$1.0M$1.1M20xas long as short
Aster NATGASUSDT+0.0235%4h3.0008+0.026%$265K$73K50xas long as short
HTX NATGAS-USDTshort+0.0245%4h3.0058+0.193%$98K$212K75x
OKX NG-USDT-SWAP+0.0355%8h3.00000.000%$860K$1.7M50xas long as short
Variational Omni NATGAS+0.0384%4h3.0009+0.031%$311K$444Kas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0422% / S −0.0359%1h3.0005+0.017%$92K45xas long as short
GRVT NATGAS_USDT_Perp+0.0426%4h3.0018+0.059%$12K$214K25xas long as short
Gate NG_USDT+0.0433%8h3.0040+0.133%$1.5M$219K100xas long as short
edgeX NATGASUSDC+0.0436%4h3.0009+0.032%$85K$213K20xas long as short
Binance NATGASUSDT+0.0447%4h3.0007+0.025%$10.2M$29.1M100xas long as short
Bitget NATGASUSDT+0.0700%4h2.9970−0.100%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0028+0.092%$53K$38K20xas long as short