data as of
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Price arb /

NATGAS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$7
spread now+0.030%7d average−0.193%fees + slippage, in and out−$29spread needed0.292%
Long on HTXShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NATGAS-USDT2.98320get 0.0000% / 4h1h 17m$97K$224K75x
ShortLighter NATGAS2.98410.0032get 0.0004% / 1h17m 28s$614K$416K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$3.02
Funding while held
$0.96
Slippage, 4 orders
−$17.23
Fee HTX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$25.25
Spread needed to break even
0.292%
Slippage from HTX: live order book, 15 min ago; Lighter: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
+0.0032%
Per $10,000 a day
+$0.96
Average in range /8h
—

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, 15 min ago2.50 bp8.5 bp −$819.2 bp −$192doesn't fitdoesn't fit
Sell Lighter live order book, 14 min ago0.83 bp6.9 bp −$713.6 bp −$13676.6 bp −$7,658doesn't fit

NATGAS price on every exchange

against the cheapest. Click to use as the short leg.
gTrade (Gains Network)2.8234cheapest
Vest2.8260+0.092%
BloFin2.9790+5.511%Bitget2.9800+5.547%ApeX Omni2.9800+5.547%Orderly2.9800+5.547%edgeX2.9806+5.567%Variational Omni2.9806+5.568%KuCoin2.9810+5.582%Extended2.9814+5.596%tradeXYZ2.9820+5.617%Binance2.9820+5.617%OKX2.9820+5.617%Phemex2.9820+5.617%GMX2.9825+5.635%Hotstuff2.9829+5.649%Pacifica2.9830+5.653%Ondo Perps2.9830+5.653%
HTX2.9832+5.660%
Paradex2.9836+5.675%QFEX2.9840+5.688%
Lighter2.9841+5.692%
SunX2.9841+5.692%Kraken Futures2.9844+5.704%Aster2.9850+5.724%Gate2.9850+5.724%

NATGAS on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) NATGAS/USD−5.357%L 0.0000% / S 0.0000%1h———as long as short
Vest NG-PERP−5.270%+0.0046%1h—$37810xas long as short
BloFin NG-USDT−0.141%+0.0262%8h$86K$189K20xas long as short
Bitget NATGASUSDT−0.107%+0.0730%4h$9.9M$4.2M100xas long as short
ApeX Omni NATGASUSDT−0.107%+0.0100%1h$36K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos−0.107%+0.0100%8h$3K$27810xas long as short
edgeX NATGASUSDC−0.088%+0.0232%4h$85K$213K20xas long as short
Variational Omni NATGAS−0.087%+0.0197%4h$656K$147K—as long as short
KuCoin NATGASUSDTM−0.074%+0.0100%4h$1.1M$1.1M20xas long as short
Extended XNG-USD−0.060%+0.0032%1h$104K$1.3M5xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:NATGAS−0.040%+0.0074%1h$5.7M$6.5M10xas long as short
Binance NATGASUSDT−0.040%+0.0254%4h$10.0M$31.8M100xas long as short
OKX NG-USDT-SWAP−0.040%+0.0254%8h$886K$1.8M50xas long as short
Phemex NGUSDT−0.040%+0.0100%4h$1.5M$95K10xas long as short
GMX NATGAS/USD [ETH-USDC]−0.023%L +0.0412% / S −0.0333%1h$93K—45xas long as short
Hotstuff NATGAS-PERP−0.010%−0.0040%1h$35K—20xas long as short
Pacifica NATGAS−0.007%+0.0100%1h$80K$22K10xas long as short
Ondo Perps NATGAS-USD.P−0.007%+0.0050%1h$83K$70K10xas long as short
HTX NATGAS-USDTlong0.000%0.0000%4h$97K$224K75x
Paradex NG-USD-PERP+0.015%+0.0054%8h$5K—5xas long as short
QFEX NATGAS-USD+0.027%+0.0002%1h$654K$99K20xas long as short
Lighter NATGASshort+0.030%+0.0032%1h$614K$416K10x
SunX NATGAS-USDT+0.030%0.0000%4h$2K$2.6M20xas long as short
Kraken Futures PF_NATGASUSD+0.042%+0.0425%1h$52K$56K20xas long as short
Aster NATGASUSDT+0.060%+0.0156%4h$264K$104K50xas long as short
Gate NG_USDT+0.060%+0.0330%8h$1.5M$383K100xas long as short