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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.006%
Price spread now: Hotstuff against Vest+0.040%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hotstuff is 0.040% dearer against Vest than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest NG-PERP3.00500.0046pay 0.0006% / 1h45m 47s$14K10x
ShortHotstuff NATGAS-PERP3.00620.0200get 0.0025% / 1h45m 47s$35K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Vest. 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
$32.41
Price spread: +0.040% → 0.000%
$3.99
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$29.4
Costs to cover
0.070%
Break-even
0.6 days
Slippage unknown: Vest: no order-book sample; Hotstuff: no order-book sample. 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 Vest no order-book sample
Sell Hotstuff no order-book sample
Vest and 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+0.073%$2K$2.4M20xas long as short
Lighter NATGAS+0.0032%1h3.0052+0.007%$629K$503K10xas long as short
QFEX NATGAS-USD+0.0033%1h3.00500.000%$660K$96K20xas long as short
Vest NG-PERPlong+0.0046%1h3.0050long leg$14K10x
Ondo Perps NATGAS-USD.P+0.0050%1h3.0042−0.027%$82K$26K10xas long as short
Extended XNG-USD+0.0064%1h3.0047−0.009%$110K$364K5xas long as short
Paradex NG-USD-PERP+0.0081%8h3.0070+0.067%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0034−0.053%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.166%$37K$219K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.166%$3K$54410xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex NGUSDT+0.0100%4h3.0060+0.033%$1.5M$92K10xas long as short
tradeXYZ xyz:NATGAS+0.0130%1h3.0058+0.027%$6.0M$5.6M10xas long as short
Hotstuff NATGAS-PERPshort+0.0200%1h3.0062+0.040%$35K20x
HTX NATGAS-USDT+0.0375%4h3.0071+0.070%$107K$212K75xas long as short
KuCoin NATGASUSDTM+0.0380%4h3.00500.000%$1.0M$974K20xas long as short
GRVT NATGAS_USDT_Perp+0.0426%4h3.0042−0.028%$13K$224K25xas long as short
Aster NATGASUSDT+0.0429%4h3.0054+0.012%$264K$74K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0503% / S −0.0448%1h3.0055+0.017%$92K45xas long as short
Gate NG_USDT+0.0577%8h3.0100+0.166%$1.5M$193K100xas long as short
Variational Omni NATGAS+0.0637%4h3.0050−0.001%$317K$449Kas long as short
OKX NG-USDT-SWAP+0.0642%8h3.0060+0.033%$869K$1.7M50xas long as short
BloFin NG-USDT+0.0643%8h3.00500.000%$82K$195K20xas long as short
Binance NATGASUSDT+0.0662%4h3.0060+0.033%$10.3M$28.2M100xas long as short
edgeX NATGASUSDC+0.0689%4h3.0051+0.003%$85K$213K20xas long as short
Bitget NATGASUSDT+0.1032%4h3.0030−0.067%$9.9M$3.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.1182%1h3.0059+0.030%$56K$35K20xas long as short