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+0.0256%/8h= +28.0% APRpaid last 24h +0.088%
Price spread now: Variational Omni against Hotstuff+0.002%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 · Variational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP3.00590.0216pay 0.0027% / 1h56m 24s$35K20x
ShortVariational Omni NATGAS3.00600.0472get 0.0236% / 4h56m 24s$318K$393K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational 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
$53.71
Price spread: +0.002% → 0.000%
$0.25
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$48.96
Costs to cover
0.050%
Break-even
0.6 days
Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 48 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 Variational Omni RFQ quote, 48 min ago4.49 bpdoesn't fit7.1 bp −$71doesn'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%4h3.0072+0.043%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0004%1h3.0040−0.063%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0046−0.043%$629K$487K10xas long as short
Extended XNG-USD+0.0032%1h3.0036−0.076%$111K$283K5xas long as short
HTX NATGAS-USDT+0.0043%4h3.0062+0.010%$117K$218K75xas long as short
Vest NG-PERP+0.0046%1h3.0050−0.030%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.00590.000%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0055−0.013%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0065%1h3.0047−0.040%$6.0M$5.3M10xas long as short
Pacifica NATGAS+0.0100%1h3.0040−0.063%$68K$30K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.196%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.196%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0050−0.030%$1.5M$92K10xas long as short
GRVT NATGAS_USDT_Perp+0.0132%4h3.0054−0.017%$15K$222K25xas long as short
KuCoin NATGASUSDTM+0.0204%4h3.0040−0.063%$1.0M$896K20xas long as short
Hotstuff NATGAS-PERPlong+0.0216%1h3.0059long leg$35K20x
Aster NATGASUSDT+0.0246%4h3.0070+0.035%$265K$65K50xas long as short
Variational Omni NATGASshort+0.0472%4h3.0060+0.002%$318K$393K
Binance NATGASUSDT+0.0489%4h3.0050−0.031%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0510%4h3.0070+0.038%$85K$213K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0569% / S −0.0579%1h3.0045−0.047%$88K45xas long as short
Gate NG_USDT+0.0583%8h3.0070+0.037%$1.5M$195K100xas long as short
BloFin NG-USDT+0.0647%8h3.0040−0.063%$83K$198K20xas long as short
OKX NG-USDT-SWAP+0.0655%8h3.0050−0.030%$876K$1.7M50xas long as short
Kraken Futures PF_NATGASUSD+0.0861%1h3.0066+0.024%$56K$36K20xas long as short
Bitget NATGASUSDT+0.0912%4h3.0010−0.163%$9.9M$3.1M100xas long as short