Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.002%

Price spread now: HTX against Ondo Perps−0.070%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. HTX is 0.070% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 28 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.204%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NATGAS-USD.P	3.0030	0.0050	pay 0.0006% / 1h	13m 24s	$82K	$27K	10x
Short	HTX NATGAS-USDT	3.0009	0.0247	get 0.0123% / 4h	2h 13m	$98K	$212K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee HTXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $41.25
Price spread: −0.070% → 0.000%: −$6.99
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $17.26
Costs to cover: 0.170%
Break-even: 4.1 days

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 53 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 53 min ago	3.16 bp	11.4 bp −$11	18.6 bp −$186	doesn't fit	doesn't fit

Ondo Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8359	−5.564%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0021	−0.030%	$2K	$2.5M	20x	as long as short
Hotstuff NATGAS-PERP	+0.0008%	1h	2.9987	−0.143%	$35K	—	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	2.9990	−0.133%	$658K	$86K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0002	−0.093%	$618K	$445K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9990	−0.133%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9987	−0.143%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.Plong	+0.0050%	1h	3.0030	long leg	$82K	$27K	10x
Paradex NG-USD-PERP	+0.0072%	8h	2.9999	−0.103%	$5K	—	5x	as long as short
Extended XNG-USD	+0.0080%	1h	2.9977	−0.177%	$110K	$449K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	2.9993	−0.123%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.100%	$37K	$218K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.100%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9990	−0.133%	$1.5M	$95K	10x	as long as short
KuCoin NATGASUSDTM	+0.0172%	4h	2.9990	−0.133%	$1.0M	$1.1M	20x	as long as short
Aster NATGASUSDT	+0.0238%	4h	2.9987	−0.143%	$265K	$73K	50x	as long as short
HTX NATGAS-USDTshort	+0.0247%	4h	3.0009	−0.070%	$98K	$212K	75x
OKX NG-USDT-SWAP	+0.0355%	8h	3.0000	−0.100%	$860K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0384%	4h	3.0009	−0.068%	$311K	$444K	—	as long as short
GRVT NATGAS_USDT_Perp	+0.0416%	4h	3.0019	−0.038%	$12K	$214K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0423% / S −0.0360%	1h	2.9995	−0.117%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0431%	8h	3.0020	−0.033%	$1.5M	$219K	100x	as long as short
edgeX NATGASUSDC	+0.0440%	4h	3.0009	−0.068%	$85K	$213K	20x	as long as short
Binance NATGASUSDT	+0.0450%	4h	2.9990	−0.133%	$10.2M	$29.1M	100x	as long as short
Bitget NATGASUSDT	+0.0702%	4h	2.9980	−0.167%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0826%	1h	3.0015	−0.049%	$53K	$38K	20x	as long as short