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+0.0117%/8h= +12.8% APRpaid last 24h −0.007%
Price spread now: HTX against ApeX Omni+0.233%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1751.746% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.182%−$18 on $10k
Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.233%, 7d avg +0.056%
Together, before fees−0.265%−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.178% dearer against ApeX Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT3.00000.0100pay 0.0013% / 1h33m 13s$37K$216K50x
ShortHTX NATGAS-USDT3.00700.0217get 0.0109% / 4h33m 13s$105K$212K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against ApeX 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
$24.6
Price spread: +0.233% → +0.056%
$17.76
Slippage, 4 orders
−$152.57
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$132.21
Costs to cover
1.746%
Break-even
44.6 days
Slippage from ApeX Omni: live order book, 23 min ago; HTX: live order book, 23 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 ApeX Omni live order book, 23 min ago33.33 bp74.4 bp −$74285.4 bp −$2,854doesn't fitdoesn't fit
Sell HTX live order book, 23 min ago3.50 bp11.1 bp −$1119.9 bp −$199doesn'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%1h2.8476−5.080%as long as short
SunX NATGAS-USDT0.0000%4h3.0082+0.273%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0022%1h3.0050+0.167%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0050+0.167%$619K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0038+0.127%$110K$428K5xas long as short
Hotstuff NATGAS-PERP+0.0040%1h3.0058+0.193%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.167%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0040+0.133%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0055%8h3.0064+0.213%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0045+0.150%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDTlong+0.0100%1h3.0000long leg$37K$216K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060+0.200%$1.5M$94K10xas long as short
tradeXYZ xyz:NATGAS+0.0117%1h3.0055+0.183%$6.0M$5.9M10xas long as short
HTX NATGAS-USDTshort+0.0217%4h3.0070+0.233%$105K$212K75x
GRVT NATGAS_USDT_Perp+0.0348%4h3.0041+0.136%$25K$227K25xas long as short
KuCoin NATGASUSDTM+0.0374%4h3.0040+0.133%$1.1M$1.0M20xas long as short
Aster NATGASUSDT+0.0408%4h3.0044+0.148%$266K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0453% / S −0.0393%1h3.0065+0.217%$92K45xas long as short
Gate NG_USDT+0.0458%8h3.0080+0.267%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0468%8h3.0050+0.167%$80K$188K20xas long as short
OKX NG-USDT-SWAP+0.0492%8h3.0050+0.167%$855K$1.7M50xas long as short
Variational Omni NATGAS+0.0601%4h3.0050+0.166%$312K$444Kas long as short
Binance NATGASUSDT+0.0625%4h3.0060+0.200%$10.2M$28.6M100xas long as short
edgeX NATGASUSDC+0.0635%4h3.0050+0.166%$85K$213K20xas long as short
Kraken Futures PF_NATGASUSD+0.0993%1h3.0077+0.255%$54K$34K20xas long as short
Bitget NATGASUSDT+0.1004%4h3.0030+0.100%$9.9M$3.3M100xas long as short