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−0.0354%/8h= −38.7% APRpaid last 24h −0.085%
Price spread now: Hotstuff against Variational Omni+0.019%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Hotstuff: 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: −$11 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NATGAS3.00190.0450pay 0.0225% / 4h49m 58s$318K$393K
ShortHotstuff NATGAS-PERP3.00250.0096get 0.0012% / 1h49m 58s$35K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Variational Omni. 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
−$74.26
Price spread: +0.019% → 0.000%
$1.95
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$77.31
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Hotstuff: 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 Variational Omni RFQ quote, 54 min ago4.49 bpdoesn't fit14.0 bp −$140doesn't fitdoesn't fit
Sell Hotstuff no order-book sample
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 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%1h2.8394−5.414%as long as short
SunX NATGAS-USDT0.0000%4h3.0042+0.076%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0004%1h3.0020+0.003%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0023+0.013%$630K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0007−0.039%$111K$283K5xas long as short
HTX NATGAS-USDT+0.0037%4h3.0054+0.116%$117K$216K75xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.036%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0013−0.020%$6.0M$5.3M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0010−0.030%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0052%8h3.0036+0.055%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERPshort+0.0096%1h3.0025+0.019%$35K20x
Pacifica NATGAS+0.0100%1h3.0008−0.037%$68K$30K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.064%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.064%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.003%$1.5M$92K10xas long as short
GRVT NATGAS_USDT_Perp+0.0128%4h3.0030+0.037%$15K$222K25xas long as short
KuCoin NATGASUSDTM+0.0204%4h3.0010−0.030%$1.0M$892K20xas long as short
Aster NATGASUSDT+0.0237%4h3.0015−0.012%$264K$65K50xas long as short
Variational Omni NATGASlong+0.0450%4h3.0019long leg$318K$393K
Binance NATGASUSDT+0.0479%4h3.0016−0.010%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0501%4h3.0034+0.048%$85K$212K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0573% / S −0.0584%1h3.0025+0.019%$88K45xas long as short
Gate NG_USDT+0.0577%8h3.0040+0.069%$1.5M$195K100xas long as short
OKX NG-USDT-SWAP+0.0652%8h3.0010−0.030%$869K$1.7M50xas long as short
BloFin NG-USDT+0.0673%8h3.0040+0.069%$83K$198K20xas long as short
Kraken Futures PF_NATGASUSD+0.0862%1h3.0038+0.063%$56K$36K20xas long as short
Bitget NATGASUSDT+0.0906%4h2.9990−0.097%$9.9M$3.1M100xas long as short