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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%
Price spread now: ApeX Omni against Hotstuff−0.247%57s7-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 airdropHotstuff: Active · farm boardneeds both histories
Funding pays, the price is against you. ApeX Omni is 0.247% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.247% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 19 days of funding at the current rate (+$1 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP2.99740.0056pay 0.0007% / 1h45m 57s$35K20x
ShortApeX Omni NATGASUSDT2.99000.0100get 0.0013% / 1h45m 57s$36K$217K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hotstuff. 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
$9.24
Price spread: −0.247% → 0.000%
−$24.69
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$30.45
Costs to cover
0.150%
Break-even
30.1 days
Slippage unknown: Hotstuff: no order-book sample; ApeX Omni: live order book, 25 min ago. 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 Hotstuff no order-book sample
Sell ApeX Omni live order book, 25 min ago16.69 bp61.7 bp −$62272.2 bp −$2,722doesn't fitdoesn't fit
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 26 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
SunX NATGAS-USDT0.0000%4h3.0001+0.090%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h2.9980+0.020%$658K$85K20xas long as short
Extended XNG-USD+0.0032%1h2.9968−0.019%$110K$450K5xas long as short
Vest NG-PERP+0.0046%1h2.9970−0.013%$37810xas long as short
Aster NATGASUSDT+0.0046%4h2.9960−0.047%$265K$73K50xas long as short
Lighter NATGAS+0.0048%1h2.9997+0.077%$617K$412K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9973−0.003%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0001+0.090%$84K$36K10xas long as short
Hotstuff NATGAS-PERPlong+0.0056%1h2.9974long leg$35K20x
Paradex NG-USD-PERP+0.0058%8h2.9993+0.064%$5K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NATGAS+0.0095%4h2.9980+0.021%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9980+0.019%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9970−0.013%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDTshort+0.0100%1h2.9900−0.247%$36K$217K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.087%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9990+0.053%$1.5M$95K10xas long as short
BloFin NG-USDT+0.0149%8h2.9980+0.020%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0165%8h2.9970−0.013%$857K$1.7M50xas long as short
edgeX NATGASUSDC+0.0194%4h2.9980+0.021%$85K$213K20xas long as short
Binance NATGASUSDT+0.0195%4h2.9986+0.040%$10.1M$29.5M100xas long as short
Bitget NATGASUSDT+0.0238%4h2.9960−0.047%$10.0M$3.5M100xas long as short
HTX NATGAS-USDT+0.0260%4h2.9997+0.077%$98K$210K75xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9985+0.037%$93K45xas long as short
GRVT NATGAS_USDT_Perp+0.0418%4h2.9970−0.013%$25K$214K25xas long as short
Gate NG_USDT+0.0487%8h3.0000+0.087%$1.5M$254K100xas long as short
Kraken Futures PF_NATGASUSD+0.1002%1h2.9990+0.053%$52K$39K20xas long as short