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+0.0155%/8h= +17.0% APRnext payment +$0.78 per $10,000 · paid last 24h +0.265%
Price spread now: Bitget against Aster−0.100%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1051.053% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.032%+$103 on $10k
Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.100%, 7d avg −0.063%
Together, before fees+0.941%+ Points / potential airdropAster: Stage 5 · farm board+$94 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.037% cheaper against Aster than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.063%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+1.032% in total) that is about 6 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT2.99600.0023pay 0.0011% / 4h1m 27s$265K$73K50x
ShortBitget NATGASUSDT2.99300.0178get 0.0089% / 4h1m 27s$10.0M$3.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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
$32.63
Price spread: −0.100% → −0.063%
−$3.67
Slippage, 4 orders
−$85.26
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$76.3
Costs to cover
1.053%
Break-even
23.4 days
Slippage from Aster: live order book, 10 min ago; Bitget: live order book, 7 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 Aster live order book, 10 min ago5.00 bp67.3 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 7 min ago1.67 bp10.7 bp −$1120.8 bp −$20879.7 bp −$7,973doesn'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%4h2.9949−0.038%$13K$238K25xas long as short
SunX NATGAS-USDT0.0000%4h2.9922−0.127%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9969+0.030%$98K$211K75xas long as short
Aster NATGASUSDTlong+0.0023%4h2.9960long leg$265K$73K50x
QFEX NATGAS-USD+0.0030%1h2.9950−0.033%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9977+0.057%$616K$419K10xas long as short
Extended XNG-USD+0.0032%1h2.9948−0.039%$110K$453K5xas long as short
Variational Omni NATGAS+0.0037%4h2.9951−0.030%$311K$443Kas long as short
Vest NG-PERP+0.0046%1h2.9950−0.033%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9953−0.023%$5.9M$6.0M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NATGAS-USD.P+0.0050%1h2.9971+0.037%$84K$43K10xas long as short
Paradex NG-USD-PERP+0.0061%8h2.9970+0.033%$5K5xas long as short
Pacifica NATGAS+0.0100%1h2.9954−0.020%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950−0.033%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.200%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.134%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9950−0.033%$1.5M$95K10xas long as short
OKX NG-USDT-SWAP+0.0119%8h2.9950−0.033%$856K$1.7M50xas long as short
Hotstuff NATGAS-PERP+0.0128%1h2.9949−0.037%$35K20xas long as short
BloFin NG-USDT+0.0138%8h2.99600.000%$80K$189K20xas long as short
Binance NATGASUSDT+0.0155%4h2.9962+0.006%$10.1M$29.9M100xas long as short
Gate NG_USDT+0.0163%8h2.9980+0.067%$1.5M$286K100xas long as short
edgeX NATGASUSDC+0.0165%4h2.9951−0.030%$85K$213K20xas long as short
Bitget NATGASUSDTshort+0.0178%4h2.9930−0.100%$10.0M$3.6M100x
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955−0.017%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9962+0.006%$52K$39K20xas long as short