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−0.0236%/8h= −25.9% APRpaid last 24h −0.004%
Price spread now: Extended against HTX−0.119%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$280.283% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.202%+$20 on $10k
Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.119%, 7d avg −0.058%
Together, before fees+0.207%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Extended is 0.061% cheaper against HTX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.202%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NATGAS-USDT3.00020.0268pay 0.0134% / 4h3h 47m$98K$211K75x
ShortExtended XNG-USD2.99660.0032get 0.0004% / 1h47m 54s$110K$451K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$49.63
Price spread: −0.119% → −0.058%
−$6.08
Slippage, 4 orders
−$11.33
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$84.05
Costs to cover
0.283%
Break-even
never at this rate
Slippage from HTX: live order book, 23 min ago; Extended: live order book, 25 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, 23 min ago0.17 bp6.2 bp −$611.4 bp −$114doesn't fitdoesn't fit
Sell Extended live order book, 25 min ago0.17 bp3.3 bp −$37.1 bp −$71doesn'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%1h2.8336−5.553%as long as short
SunX NATGAS-USDT0.0000%4h3.00020.000%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h2.9970−0.107%$658K$85K20xas long as short
Lighter NATGAS+0.0032%1h2.9992−0.033%$616K$412K10xas long as short
Extended XNG-USDshort+0.0032%1h2.9966−0.119%$110K$451K5x
Hotstuff NATGAS-PERP+0.0032%1h2.9970−0.107%$35K20xas long as short
Aster NATGASUSDT+0.0041%4h2.9960−0.140%$265K$73K50xas long as short
Vest NG-PERP+0.0046%1h2.9970−0.107%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9970−0.107%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0001−0.003%$84K$36K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0059%8h2.9988−0.046%$5K5xas long as short
Variational Omni NATGAS+0.0074%4h2.9980−0.072%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9975−0.090%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9970−0.107%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.340%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.007%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9980−0.073%$1.5M$95K10xas long as short
BloFin NG-USDT+0.0127%8h2.9980−0.073%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0159%8h2.9970−0.107%$857K$1.7M50xas long as short
edgeX NATGASUSDC+0.0179%4h2.9978−0.080%$85K$212K20xas long as short
Binance NATGASUSDT+0.0190%4h2.9985−0.055%$10.1M$29.5M100xas long as short
Bitget NATGASUSDT+0.0226%4h2.9950−0.173%$10.0M$3.5M100xas long as short
HTX NATGAS-USDTlong+0.0268%4h3.0002long leg$98K$211K75x
GRVT NATGAS_USDT_Perp+0.0296%4h2.9972−0.099%$25K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9985−0.057%$93K45xas long as short
Gate NG_USDT+0.0437%8h3.0000−0.007%$1.5M$254K100xas long as short
Kraken Futures PF_NATGASUSD+0.1002%1h2.9990−0.038%$52K$39K20xas long as short