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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.064%
Price spread now: Aster against Hotstuff+0.067%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 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 · Aster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.067% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP2.99240.0040pay 0.0005% / 1h41m 53s$35K20x
ShortAster NATGASUSDT2.99440.0249get 0.0125% / 4h41m 53s$265K$105K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
$43.98
Price spread: +0.067% → 0.000%
$6.67
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
$37.65
Costs to cover
0.130%
Break-even
1.0 days
Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 35 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 Aster live order book, 35 min ago5.01 bp12.2 bp −$1215.6 bp −$156doesn'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 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%1h2.8281−5.491%as long as short
SunX NATGAS-USDT0.0000%4h2.9951+0.090%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9943+0.063%$98K$214K75xas long as short
QFEX NATGAS-USD+0.0030%1h2.9920−0.013%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9942+0.060%$619K$416K10xas long as short
Hotstuff NATGAS-PERPlong+0.0040%1h2.9924long leg$35K20x
Vest NG-PERP+0.0046%1h2.9930+0.020%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.99240.000%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9920−0.013%$84K$43K10xas long as short
Paradex NG-USD-PERP+0.0079%8h2.9930+0.020%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9930+0.020%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9930+0.020%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.080%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h2.9900−0.080%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9930+0.020%$1.5M$98K10xas long as short
GRVT NATGAS_USDT_Perp+0.0106%4h2.9930+0.020%$13K$238K25xas long as short
Extended XNG-USD+0.0152%1h2.9922−0.007%$110K$471K5xas long as short
Gate NG_USDT+0.0196%8h2.9960+0.120%$1.5M$284K100xas long as short
OKX NG-USDT-SWAP+0.0210%8h2.9920−0.013%$856K$1.7M50xas long as short
BloFin NG-USDT+0.0211%8h2.9930+0.020%$80K$189K20xas long as short
Aster NATGASUSDTshort+0.0249%4h2.9944+0.067%$265K$105K50x
Variational Omni NATGAS+0.0298%4h2.9931+0.024%$311K$443Kas long as short
Binance NATGASUSDT+0.0357%4h2.9930+0.021%$10.1M$30.3M100xas long as short
edgeX NATGASUSDC+0.0396%4h2.9931+0.024%$85K$213K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9935+0.037%$93K45xas long as short
Bitget NATGASUSDT+0.0466%4h2.9900−0.080%$10.0M$3.9M100xas long as short
Kraken Futures PF_NATGASUSD+0.1218%1h2.9945+0.070%$52K$39K20xas long as short