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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.097%
Price spread now: Hotstuff against edgeX−0.059%58s7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hotstuff is 0.059% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NATGASUSDC3.00300.0304pay 0.0152% / 4h2h 57m$85K$213K20x
ShortHotstuff NATGAS-PERP3.00120.0064get 0.0008% / 1h57m 58s$35K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against edgeX. 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
−$50.38
Price spread: −0.059% → 0.000%
−$5.95
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$70.33
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 9 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 edgeX live order book, 9 min ago13.33 bp33.6 bp −$3442.9 bp −$429doesn'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%1h2.8376−5.507%as long as short
SunX NATGAS-USDT0.0000%4h3.0041+0.037%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0020−0.033%$658K$86K20xas long as short
Extended XNG-USD+0.0032%1h3.0003−0.090%$110K$451K5xas long as short
Lighter NATGAS+0.0040%1h3.0025−0.016%$617K$430K10xas long as short
Vest NG-PERP+0.0046%1h3.0020−0.033%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0011−0.063%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.057%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0023−0.022%$5K5xas long as short
Hotstuff NATGAS-PERPshort+0.0064%1h3.0012−0.059%$35K20x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0016−0.046%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0010−0.066%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.099%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.099%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.00300.000%$1.5M$94K10xas long as short
Aster NATGASUSDT+0.0115%4h3.00300.000%$266K$73K50xas long as short
HTX NATGAS-USDT+0.0196%4h3.0026−0.013%$98K$211K75xas long as short
Variational Omni NATGAS+0.0215%4h3.00300.000%$312K$443Kas long as short
BloFin NG-USDT+0.0242%8h2.9990−0.133%$81K$189K20xas long as short
OKX NG-USDT-SWAP+0.0276%8h3.0020−0.033%$865K$1.7M50xas long as short
Binance NATGASUSDT+0.0300%4h3.0027−0.008%$10.1M$29.2M100xas long as short
edgeX NATGASUSDClong+0.0304%4h3.0030long leg$85K$213K20x
GRVT NATGAS_USDT_Perp+0.0338%4h3.0024−0.021%$25K$200K25xas long as short
Gate NG_USDT+0.0391%8h3.0040+0.034%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0415% / S −0.0351%1h3.0025−0.016%$92K45xas long as short
Bitget NATGASUSDT+0.0442%4h3.0000−0.099%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0031+0.003%$52K$36K20xas long as short