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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against ApeX Omni+0.167%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1821.817% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.167%, 7d avg −0.008%
Together, before fees−0.118%−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.175% dearer against ApeX Omni than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT2.99000.0100pay 0.0013% / 1h15m 07s$36K$217K50x
ShortPhemex NGUSDT2.99500.0100get 0.0050% / 4h15m 07s$1.5M$97K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
$0
Price spread: +0.167% → −0.008%
$17.51
Slippage, 4 orders
−$159.74
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$164.23
Costs to cover
1.817%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 61 min ago; Phemex: live order book, 3 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, 61 min ago16.69 bp54.7 bp −$55263.4 bp −$2,634doesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago1.67 bp32.4 bp −$32doesn't fitdoesn'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
GRVT NATGAS_USDT_Perp0.0000%4h2.9948+0.161%$13K$238K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8306−5.331%as long as short
SunX NATGAS-USDT0.0000%4h2.9947+0.157%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9987+0.291%$98K$212K75xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950+0.167%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9968+0.227%$616K$419K10xas long as short
Vest NG-PERP+0.0046%1h2.9950+0.167%$37810xas long as short
Extended XNG-USD+0.0048%1h2.9943+0.145%$110K$453K5xas 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%1h2.9973+0.244%$84K$43K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP+0.0056%1h2.9952+0.174%$35K20xas long as short
Aster NATGASUSDT+0.0058%4h2.9960+0.201%$265K$73K50xas long as short
Paradex NG-USD-PERP+0.0066%8h2.9953+0.177%$5K5xas long as short
Variational Omni NATGAS+0.0080%4h2.9951+0.169%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9951+0.171%$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 NGUSDTshort+0.0100%4h2.9950+0.167%$1.5M$97K10x
OKX NG-USDT-SWAP+0.0127%8h2.9960+0.201%$856K$1.7M50xas long as short
BloFin NG-USDT+0.0157%8h2.9960+0.201%$80K$189K20xas long as short
Gate NG_USDT+0.0171%8h2.9980+0.268%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0182%4h2.9950+0.167%$10.1M$29.9M100xas long as short
edgeX NATGASUSDC+0.0208%4h2.9951+0.169%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0274%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+0.235%$52K$39K20xas long as short