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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.018%
Price spread now: Hotstuff against gTrade (Gains Network)+5.661%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 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hotstuff is 5.661% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$566 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NATGAS/USD2.8441L 0.0000% / S 0.0000%get 0.0000% / 1h2m 56s
ShortHotstuff NATGAS-PERP3.00510.0072get 0.0009% / 1h2m 56s$35K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against gTrade (Gains Network). 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
$15.12
Price spread: +5.661% → 0.000%
$566.08
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$566.2
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample
Sell Hotstuff no order-book sample
gTrade (Gains Network) and 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/USDlongL 0.0000% / S 0.0000%1h2.8441long leg
SunX NATGAS-USDT0.0000%4h3.0072+5.735%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0040+5.622%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0045+5.640%$629K$503K10xas long as short
Vest NG-PERP+0.0046%1h3.0050+5.657%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0080+5.763%$83K$26K10xas long as short
Hotstuff NATGAS-PERPshort+0.0072%1h3.0051+5.661%$35K20x
tradeXYZ xyz:NATGAS+0.0094%1h3.0050+5.657%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0095%8h3.0066+5.713%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0040+5.622%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000+5.482%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+5.482%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060+5.692%$1.5M$93K10xas long as short
Extended XNG-USD+0.0200%1h3.0038+5.616%$110K$364K5xas long as short
KuCoin NATGASUSDTM+0.0364%4h3.0040+5.622%$1.0M$982K20xas long as short
Aster NATGASUSDT+0.0431%4h3.0060+5.692%$264K$74K50xas long as short
GRVT NATGAS_USDT_Perp+0.0438%4h3.0041+5.625%$13K$223K25xas long as short
HTX NATGAS-USDT+0.0467%4h3.0074+5.742%$107K$212K75xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0498% / S −0.0442%1h3.0055+5.675%$92K45xas long as short
Gate NG_USDT+0.0557%8h3.0090+5.798%$1.5M$193K100xas long as short
BloFin NG-USDT+0.0593%8h3.0060+5.692%$81K$195K20xas long as short
OKX NG-USDT-SWAP+0.0614%8h3.0050+5.657%$868K$1.7M50xas long as short
Variational Omni NATGAS+0.0642%4h3.0060+5.692%$317K$449Kas long as short
Binance NATGASUSDT+0.0665%4h3.0055+5.674%$10.3M$28.2M100xas long as short
edgeX NATGASUSDC+0.0668%4h3.0052+5.665%$85K$213K20xas long as short
Kraken Futures PF_NATGASUSD+0.0855%1h3.0068+5.721%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1036%4h3.0020+5.552%$9.9M$3.2M100xas long as short