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+0.0183%/8h= +20.0% APRpaid last 24h +0.003%
Price spread now: HTX against Extended+0.127%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$280.281% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.216%−$22 on $10k
Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.127%, 7d avg +0.061%
Together, before fees−0.281%+ Points / potential airdropExtended: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.066% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.216%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD3.00380.0032pay 0.0004% / 1h34m 43s$110K$432K5x
ShortHTX NATGAS-USDT3.00760.0215get 0.0107% / 4h34m 43s$105K$212K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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
$38.42
Price spread: +0.127% → +0.061%
$6.6
Slippage, 4 orders
−$11.1
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
$16.92
Costs to cover
0.281%
Break-even
3.9 days
Slippage from Extended: live order book, 23 min ago; HTX: live order book, 22 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 Extended live order book, 23 min ago0.50 bp4.0 bp −$48.3 bp −$83doesn't fitdoesn't fit
Sell HTX live order book, 22 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%1h2.8470−5.219%as long as short
SunX NATGAS-USDT0.0000%4h3.0072+0.114%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0022%1h3.0040+0.007%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0046+0.027%$619K$494K10xas long as short
Extended XNG-USDlong+0.0032%1h3.0038long leg$110K$432K5x
Hotstuff NATGAS-PERP+0.0040%1h3.0053+0.051%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.041%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0040+0.007%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0056%8h3.0056+0.060%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0045+0.024%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.126%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.126%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060+0.074%$1.5M$94K10xas long as short
tradeXYZ xyz:NATGAS+0.0114%1h3.0050+0.041%$6.0M$5.9M10xas long as short
HTX NATGAS-USDTshort+0.0215%4h3.0076+0.127%$105K$212K75x
GRVT NATGAS_USDT_Perp+0.0348%4h3.0041+0.011%$25K$227K25xas long as short
KuCoin NATGASUSDTM+0.0370%4h3.0040+0.007%$1.1M$1.0M20xas long as short
Aster NATGASUSDT+0.0407%4h3.0043+0.016%$266K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0453% / S −0.0392%1h3.0055+0.057%$92K45xas long as short
Gate NG_USDT+0.0458%8h3.0080+0.140%$1.5M$192K100xas long as short
OKX NG-USDT-SWAP+0.0487%8h3.0050+0.041%$855K$1.7M50xas long as short
BloFin NG-USDT+0.0510%8h3.0050+0.041%$80K$188K20xas long as short
Variational Omni NATGAS+0.0601%4h3.0050+0.040%$312K$444Kas long as short
edgeX NATGASUSDC+0.0623%4h3.0051+0.043%$85K$212K20xas long as short
Binance NATGASUSDT+0.0624%4h3.0050+0.041%$10.2M$28.6M100xas long as short
Kraken Futures PF_NATGASUSD+0.0993%1h3.0067+0.098%$54K$34K20xas long as short
Bitget NATGASUSDT+0.1004%4h3.0020−0.059%$9.9M$3.3M100xas long as short