Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0421%/8h= +46.1% APRpaid last 24h +0.072%

Price spread now: Gate against ApeX Omni+0.300%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1561.563% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.316%+$32 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.300%, 7d avg +0.028%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Gate is 0.272% dearer against ApeX Omni than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NATGASUSDT	3.0000	0.0100	pay 0.0013% / 1h	49m 03s	$37K	$217K	50x
Short	Gate NG_USDT	3.0090	0.0521	get 0.0521% / 8h	3h 49m	$1.5M	$191K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee GatebpOrdersPrice spread, now +0.300%Rate

Funding earned: $88.41
Price spread: +0.300% → +0.028%: $27.16
Slippage, 4 orders: −$131.33
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.77
Costs to cover: 1.563%
Break-even: 10.2 days

Slippage from ApeX Omni: live order book, 2 min ago; Gate: live order book, 3 min ago.

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 ApeX Omni live order book, 2 min ago	16.64 bp	59.9 bp −$60	271.8 bp −$2,718	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.66 bp	21.4 bp −$21	60.7 bp −$607	doesn't fit	doesn't fit

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
SunX NATGAS-USDT	0.0000%	4h	3.0072	+0.240%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0050	+0.167%	$669K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0037	+0.123%	$621K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0028	+0.093%	$110K	$404K	5x	as long as short
Hotstuff NATGAS-PERP	+0.0032%	1h	3.0041	+0.137%	$35K	—	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	+0.100%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0030	+0.100%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0062%	8h	3.0075	+0.249%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0084%	1h	3.0042	+0.140%	$6.0M	$5.7M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0030	+0.100%	$68K	$33K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDTlong	+0.0100%	1h	3.0000	long leg	$37K	$217K	50x
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	0.000%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0050	+0.167%	$1.5M	$93K	10x	as long as short
KuCoin NATGASUSDTM	+0.0328%	4h	3.0040	+0.133%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0368%	4h	3.0040	+0.133%	$264K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0469% / S −0.0411%	1h	3.0055	+0.183%	$92K	—	45x	as long as short
Gate NG_USDTshort	+0.0521%	8h	3.0090	+0.300%	$1.5M	$191K	100x
OKX NG-USDT-SWAP	+0.0546%	8h	3.0050	+0.167%	$861K	$1.7M	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0546%	4h	3.0030	+0.100%	$25K	$218K	25x	as long as short
HTX NATGAS-USDT	+0.0547%	4h	3.0070	+0.233%	$107K	$214K	75x	as long as short
Variational Omni NATGAS	+0.0561%	4h	3.0040	+0.132%	$317K	$449K	—	as long as short
BloFin NG-USDT	+0.0575%	8h	3.0020	+0.067%	$81K	$191K	20x	as long as short
edgeX NATGASUSDC	+0.0587%	4h	3.0040	+0.132%	$85K	$212K	20x	as long as short
Binance NATGASUSDT	+0.0588%	4h	3.0052	+0.172%	$10.2M	$28.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0855%	1h	3.0063	+0.210%	$54K	$33K	20x	as long as short
Bitget NATGASUSDT	+0.0980%	4h	3.0020	+0.067%	$9.9M	$3.2M	100x	as long as short