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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.093%
Price spread now: edgeX against HTX−0.070%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$750.752% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.328%+$33 on $10k
Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.070%, 7d avg −0.048%
Together, before fees+0.325%+ Points / potential airdropedgeX: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.022% cheaper against HTX than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.048%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NATGAS-USDT3.00610.0265pay 0.0132% / 4h2h 35m$98K$213K75x
ShortedgeX NATGASUSDC3.00400.0364get 0.0182% / 4h2h 35m$85K$212K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against HTX. 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
$20.81
Price spread: −0.070% → −0.048%
−$2.23
Slippage, 4 orders
−$54.23
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$56.65
Costs to cover
0.752%
Break-even
26.1 days
Slippage from HTX: live order book, 31 min ago; edgeX: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 31 min ago3.16 bp9.2 bp −$914.0 bp −$140doesn't fitdoesn't fit
Sell edgeX live order book, 31 min ago13.33 bp21.1 bp −$2128.3 bp −$283doesn't fitdoesn't fit

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%1h2.8400−5.525%as long as short
SunX NATGAS-USDT0.0000%4h3.0062+0.003%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0030−0.103%$659K$86K20xas long as short
Hotstuff NATGAS-PERP+0.0024%1h3.0032−0.096%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0030−0.103%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0030−0.103%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.00610.000%$82K$27K10xas long as short
Paradex NG-USD-PERP+0.0071%8h3.0065+0.015%$5K5xas long as short
Extended XNG-USD+0.0072%1h3.0016−0.150%$110K$450K5xas long as short
Lighter NATGAS+0.0080%1h3.0039−0.073%$618K$444K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0035−0.086%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0030−0.103%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.203%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.203%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0040−0.070%$1.5M$94K10xas long as short
Aster NATGASUSDT+0.0182%4h3.0025−0.119%$266K$73K50xas long as short
HTX NATGAS-USDTlong+0.0265%4h3.0061long leg$98K$213K75x
BloFin NG-USDT+0.0307%8h2.9980−0.269%$81K$188K20xas long as short
Variational Omni NATGAS+0.0316%4h3.0040−0.069%$312K$443Kas long as short
OKX NG-USDT-SWAP+0.0330%8h3.0020−0.136%$868K$1.7M50xas long as short
edgeX NATGASUSDCshort+0.0364%4h3.0040−0.070%$85K$212K20x
Binance NATGASUSDT+0.0387%4h3.0040−0.070%$10.1M$29.1M100xas long as short
GRVT NATGAS_USDT_Perp+0.0406%4h3.0040−0.071%$12K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0420% / S −0.0356%1h3.0045−0.053%$92K45xas long as short
Gate NG_USDT+0.0424%8h3.0060−0.003%$1.5M$219K100xas long as short
Bitget NATGASUSDT+0.0612%4h3.0010−0.170%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0824%1h3.0065+0.013%$54K$37K20xas long as short