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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0453%/8h= +49.6% APRpaid last 24h +0.076%
Price spread now: Gate against Hotstuff+0.070%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 4 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
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Gate 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP3.00190.0120pay 0.0015% / 1h10m 46s$35K20x
ShortGate NG_USDT3.00400.0573get 0.0573% / 8h10m 46s$1.5M$196K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$95.13
Price spread: +0.070% → 0.000%
$7
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$82.13
Costs to cover
0.200%
Break-even
1.0 days
Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago1.66 bp15.5 bp −$1551.0 bp −$510doesn'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%1h2.8380−5.460%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.043%$2K$2.4M20xas long as short
HTX NATGAS-USDT0.0000%4h3.0027+0.027%$117K$216K75xas long as short
QFEX NATGAS-USD+0.0004%1h3.0010−0.030%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0020+0.003%$630K$495K10xas long as short
Extended XNG-USD+0.0032%1h3.0006−0.042%$109K$273K5xas long as short
Vest NG-PERP+0.0046%1h3.0010−0.030%$14K10xas long as short
GRVT NATGAS_USDT_Perp+0.0046%4h3.0012−0.025%$15K$222K25xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0016−0.010%$6.0M$5.3M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0058+0.130%$82K$26K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0051%8h3.0024+0.016%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0004−0.050%$69K$32K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.063%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.063%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0010−0.030%$1.5M$90K10xas long as short
Hotstuff NATGAS-PERPlong+0.0120%1h3.0019long leg$35K20x
KuCoin NATGASUSDTM+0.0142%4h3.0000−0.063%$1.0M$868K20xas long as short
Aster NATGASUSDT+0.0155%4h3.0040+0.070%$264K$69K50xas long as short
Variational Omni NATGAS+0.0349%4h3.0011−0.026%$318K$390Kas long as short
Binance NATGASUSDT+0.0372%4h3.0015−0.012%$10.4M$28.6M100xas long as short
edgeX NATGASUSDC+0.0394%4h3.0016−0.011%$85K$213K20xas long as short
BloFin NG-USDT+0.0546%8h3.0020+0.003%$80K$198K20xas long as short
OKX NG-USDT-SWAP+0.0561%8h3.0000−0.063%$802K$1.8M50xas long as short
Gate NG_USDTshort+0.0573%8h3.0040+0.070%$1.5M$196K100x
GMX NATGAS/USD [ETH-USDC]L +0.0589% / S −0.0603%1h3.0015−0.013%$88K45xas long as short
Bitget NATGASUSDT+0.0828%4h2.9990−0.097%$9.9M$3.0M100xas long as short
Kraken Futures PF_NATGASUSD+0.0862%1h3.0029+0.035%$55K$35K20xas long as short