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+0.0131%/8h= +14.4% APRnext payment +$0.66 per $10,000 · paid last 24h +0.045%
Price spread now: edgeX against Aster−0.032%90s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1171.169% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.200%+$20 on $10k
Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.032%, 7d avg −0.010%
Together, before fees+0.213%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.022% cheaper against Aster than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of −0.010%). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day). The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT2.99410.0518pay 0.0259% / 4h1h 15m$265K$105K50x
ShortedgeX NATGASUSDC2.99310.0649get 0.0325% / 4h1h 15m$85K$212K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$27.58
Price spread: −0.032% → −0.010%
−$2.21
Slippage, 4 orders
−$99.9
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$91.53
Costs to cover
1.169%
Break-even
30.2 days
Slippage from Aster: live order book, 66 min ago; edgeX: live order book, 1 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, 66 min ago5.01 bp47.1 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 1 min ago13.37 bp21.1 bp −$2128.3 bp −$283doesn'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
Hotstuff NATGAS-PERP−0.0016%1h2.9930−0.036%$35K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8275−5.564%as long as short
SunX NATGAS-USDT0.0000%4h2.9962+0.071%$2K$2.6M20xas long as short
Lighter NATGAS+0.0032%1h2.9926−0.049%$618K$411K10xas long as short
Vest NG-PERP+0.0046%1h2.9920−0.069%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9931−0.033%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9954+0.044%$84K$49K10xas long as short
Pacifica NATGAS+0.0100%1h2.9907−0.113%$68K$34K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.136%$36K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h2.9900−0.136%$3K$54410xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex NGUSDT+0.0100%4h2.9940−0.003%$1.5M$100K10xas long as short
Paradex NG-USD-PERP+0.0114%8h2.9929−0.039%$5K5xas long as short
QFEX NATGAS-USD+0.0160%1h2.9930−0.036%$657K$86K20xas long as short
KuCoin NATGASUSDTM+0.0188%4h2.9930−0.036%$1.0M$1.2M20xas long as short
HTX NATGAS-USDT+0.0199%4h2.9957+0.054%$98K$215K75xas long as short
Gate NG_USDT+0.0225%8h2.9960+0.064%$1.5M$307K100xas long as short
Extended XNG-USD+0.0240%1h2.9911−0.100%$110K$471K5xas long as short
BloFin NG-USDT+0.0302%8h2.9940−0.003%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0310%8h2.9930−0.036%$856K$1.7M50xas long as short
GRVT NATGAS_USDT_Perp+0.0344%4h2.9930−0.036%$13K$246K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9945+0.014%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.0515%1h2.9954+0.045%$52K$44K20xas long as short
Aster NATGASUSDTlong+0.0518%4h2.9941long leg$265K$105K50x
Variational Omni NATGAS+0.0568%4h2.9931−0.032%$311K$446Kas long as short
Binance NATGASUSDT+0.0607%4h2.9945+0.015%$10.1M$30.9M100xas long as short
edgeX NATGASUSDCshort+0.0649%4h2.9931−0.032%$85K$212K20x
Bitget NATGASUSDT+0.0802%4h2.9910−0.103%$10.0M$4.0M100xas long as short