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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRnext payment $0.04 per $10,000 · paid last 24h −0.011%
Price spread now: Extended against ApeX Omni+0.127%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1231.226% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.127%, 7d avg −0.009%
Together, before fees−0.106%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.136% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of −0.009%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT2.99000.0100pay 0.0013% / 1h17m 30s$36K$217K50x
ShortExtended XNG-USD2.99380.0064get 0.0008% / 1h17m 30s$110K$453K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$7.56
Price spread: +0.127% → −0.009%
$13.61
Slippage, 4 orders
−$107.63
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$116.58
Costs to cover
1.226%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 59 min ago; Extended: live order book, 61 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, 59 min ago16.69 bp54.7 bp −$55263.4 bp −$2,634doesn't fitdoesn't fit
Sell Extended live order book, 61 min ago0.67 bp3.5 bp −$48.1 bp −$81doesn't fitdoesn't fit

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
GRVT NATGAS_USDT_Perp0.0000%4h2.9949+0.164%$13K$238K25xas long as short
SunX NATGAS-USDT0.0000%4h2.9972+0.241%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9987+0.291%$98K$212K75xas long as short
Hotstuff NATGAS-PERP+0.0008%1h2.9948+0.161%$35K20xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950+0.167%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9965+0.217%$616K$419K10xas long as short
Vest NG-PERP+0.0046%1h2.9950+0.167%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947+0.157%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9940+0.134%$84K$43K10xas long as short
Extended XNG-USDshort+0.0064%1h2.9938+0.127%$110K$453K5x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NATGASUSDT+0.0066%4h2.9960+0.201%$265K$73K50xas long as short
Paradex NG-USD-PERP+0.0066%8h2.9951+0.169%$5K5xas long as short
Pacifica NATGAS+0.0100%1h2.9948+0.160%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950+0.167%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDTlong+0.0100%1h2.9900long leg$36K$217K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.334%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9960+0.201%$1.5M$97K10xas long as short
BloFin NG-USDT+0.0113%8h2.9940+0.134%$80K$189K20xas long as short
Variational Omni NATGAS+0.0115%4h2.9951+0.170%$311K$443Kas long as short
OKX NG-USDT-SWAP+0.0133%8h2.9950+0.167%$856K$1.7M50xas long as short
Gate NG_USDT+0.0173%8h2.9980+0.268%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0192%4h2.9950+0.167%$10.1M$30.0M100xas long as short
edgeX NATGASUSDC+0.0230%4h2.9951+0.169%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0286%4h2.9930+0.100%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955+0.184%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9970+0.234%$52K$39K20xas long as short