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+0.0522%/8h= +57.1% APRpaid last 24h +0.087%
Price spread now: edgeX against ApeX Omni−0.245%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$234as in the Price arb table
costs, in and out, $10k−$2092.087% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.148%+$15 on $10k
Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.245%, 7d avg +0.004%
Together, before fees+0.435%+ Points / potential airdropedgeX: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.249% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.245% now, against its 7-day average of +0.004%). If the spread goes back, that is −$25 on $10k: about 38 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.148% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT3.01000.0100pay 0.0013% / 1h38m 02s$37K$216K50x
ShortedgeX NATGASUSDC3.00260.0622get 0.0311% / 4h38m 02s$85K$211K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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
$109.53
Price spread: −0.245% → +0.004%
−$24.95
Slippage, 4 orders
−$189.7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$124.11
Costs to cover
2.087%
Break-even
14.9 days
Slippage from ApeX Omni: live order book, 18 min ago; edgeX: live order book, 19 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 ApeX Omni live order book, 18 min ago33.33 bp74.4 bp −$74285.4 bp −$2,854doesn't fitdoesn't fit
Sell edgeX live order book, 19 min ago13.34 bp21.1 bp −$2128.0 bp −$280doesn'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%1h2.8456−5.462%as long as short
SunX NATGAS-USDT0.0000%4h3.0082−0.060%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0022%1h3.0050−0.166%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0049−0.169%$619K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0038−0.205%$110K$435K5xas long as short
Hotstuff NATGAS-PERP+0.0032%1h3.0059−0.136%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0050−0.166%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0080−0.066%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0056%8h3.0066−0.113%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0046−0.179%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDTlong+0.0100%1h3.0100long leg$37K$216K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.332%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0040−0.199%$1.5M$94K10xas long as short
tradeXYZ xyz:NATGAS+0.0103%1h3.0050−0.166%$6.0M$5.9M10xas long as short
HTX NATGAS-USDT+0.0213%4h3.0080−0.066%$105K$212K75xas long as short
GRVT NATGAS_USDT_Perp+0.0344%4h3.0050−0.166%$25K$227K25xas long as short
KuCoin NATGASUSDTM+0.0364%4h3.0040−0.199%$1.1M$1.0M20xas long as short
Aster NATGASUSDT+0.0405%4h3.0043−0.188%$266K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0448% / S −0.0387%1h3.0065−0.116%$92K45xas long as short
Gate NG_USDT+0.0456%8h3.0080−0.066%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0463%8h3.0060−0.133%$81K$189K20xas long as short
OKX NG-USDT-SWAP+0.0479%8h3.0040−0.199%$855K$1.7M50xas long as short
Variational Omni NATGAS+0.0594%4h3.0059−0.135%$312K$444Kas long as short
Binance NATGASUSDT+0.0620%4h3.0050−0.166%$10.2M$28.7M100xas long as short
edgeX NATGASUSDCshort+0.0622%4h3.0026−0.245%$85K$211K20x
Kraken Futures PF_NATGASUSD+0.0993%1h3.0071−0.096%$54K$34K20xas long as short
Bitget NATGASUSDT+0.0998%4h3.0030−0.233%$9.9M$3.3M100xas long as short