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+0.0149%/8h= +16.3% APRpaid last 24h +0.097%
Price spread now: edgeX against Hotstuff+0.070%58s7-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 · edgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.070% 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). 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
LongHotstuff NATGAS-PERP3.00110.0112pay 0.0014% / 1h21m 40s$35K20x
ShortedgeX NATGASUSDC3.00320.0261get 0.0130% / 4h3h 21m$85K$212K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$31.24
Price spread: +0.070% → 0.000%
$7.02
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$24.26
Costs to cover
0.140%
Break-even
1.6 days
Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 50 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 edgeX live order book, 50 min ago13.36 bp21.1 bp −$2129.5 bp −$295doesn'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%1h2.8381−5.431%as long as short
SunX NATGAS-USDT0.0000%4h3.0041+0.100%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0010−0.003%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0016+0.017%$617K$414K10xas long as short
Extended XNG-USD+0.0032%1h3.0009−0.008%$112K$452K5xas long as short
Vest NG-PERP+0.0046%1h3.0010−0.003%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0010−0.003%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0010−0.003%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0055%8h3.0027+0.054%$5K5xas long as short
Aster NATGASUSDT+0.0084%4h3.0030+0.063%$266K$73K50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9998−0.043%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0010−0.003%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.037%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.037%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.030%$1.5M$95K10xas long as short
Hotstuff NATGAS-PERPlong+0.0112%1h3.0011long leg$35K20x
Variational Omni NATGAS+0.0154%4h3.0030+0.063%$312K$443Kas long as short
BloFin NG-USDT+0.0200%8h2.9990−0.070%$81K$189K20xas long as short
HTX NATGAS-USDT+0.0201%4h3.0054+0.143%$98K$210K75xas long as short
OKX NG-USDT-SWAP+0.0221%8h3.0020+0.030%$863K$1.7M50xas long as short
Binance NATGASUSDT+0.0252%4h3.0026+0.050%$10.1M$29.6M100xas long as short
edgeX NATGASUSDCshort+0.0261%4h3.0032+0.070%$85K$212K20x
Bitget NATGASUSDT+0.0328%4h2.9980−0.103%$10.0M$3.5M100xas long as short
GRVT NATGAS_USDT_Perp+0.0378%4h3.0030+0.063%$25K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0410% / S −0.0346%1h3.0025+0.047%$92K45xas long as short
Gate NG_USDT+0.0457%8h3.0040+0.097%$1.5M$255K100xas long as short
Kraken Futures PF_NATGASUSD+0.1001%1h3.0027+0.054%$52K$36K20xas long as short