Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0518%/8h= −56.8% APRpaid last 24h +0.086%

Price spread now: GMX against Aster+0.017%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NATGASUSDT	2.9940	0.0851	pay 0.0425% / 4h	2h 03m	$265K	$105K	50x
Short	GMX NATGAS/USD [ETH-USDC]	2.9945	L +0.0416% / S −0.0333%	get 0.0042% / 1h	3m 06s	$93K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$108.85
Price spread: +0.017% → 0.000%: $1.67
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$127.18
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 19 min ago; GMX: no order-book sample. Net counts fees only.

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 Aster live order book, 19 min ago	5.01 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2.9962	+0.073%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0024%	1h	2.9930	−0.033%	$656K	$120K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9950	+0.033%	$618K	$412K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.8310	−5.444%	—	$378	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9942	+0.006%	$68K	$34K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.134%	$36K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.134%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9950	+0.033%	$1.5M	$104K	10x	as long as short
Paradex NG-USD-PERP	+0.0222%	8h	2.9968	+0.094%	$5K	—	5x	as long as short
Gate NG_USDT	+0.0238%	8h	2.9960	+0.067%	$1.5M	$385K	100x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XNG-USD	+0.0344%	1h	2.9922	−0.059%	$113K	$1.2M	5x	as long as short
Hotstuff NATGAS-PERP	+0.0392%	1h	2.9955	+0.050%	$35K	—	20x	as long as short
GMX NATGAS/USD [ETH-USDC]short	L +0.0416% / S −0.0333%	1h	2.9945	+0.017%	$93K	—	25x
BloFin NG-USDT	+0.0442%	8h	2.9910	−0.100%	$84K	$190K	20x	as long as short
OKX NG-USDT-SWAP	+0.0450%	8h	2.9920	−0.067%	$895K	$1.8M	50x	as long as short
tradeXYZ xyz:NATGAS	+0.0470%	1h	2.9952	+0.040%	$5.9M	$6.8M	10x	as long as short
KuCoin NATGASUSDTM	+0.0500%	4h	2.9910	−0.100%	$1.0M	$1.3M	20x	as long as short
Ondo Perps NATGAS-USD.P	+0.0509%	1h	2.9929	−0.037%	$84K	$66K	10x	as long as short
HTX NATGAS-USDT	+0.0758%	4h	2.9965	+0.084%	$98K	$219K	75x	as long as short
Aster NATGASUSDTlong	+0.0851%	4h	2.9940	long leg	$265K	$105K	50x
GRVT NATGAS_USDT_Perp	+0.0852%	4h	2.9940	0.000%	$13K	$255K	25x	as long as short
Variational Omni NATGAS	+0.0853%	4h	2.9944	+0.012%	$310K	$491K	—	as long as short
edgeX NATGASUSDC	+0.0911%	4h	2.9944	+0.013%	$85K	$213K	20x	as long as short
Binance NATGASUSDT	+0.0917%	4h	2.9945	+0.016%	$10.1M	$33.1M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1128%	1h	2.9965	+0.085%	$52K	$55K	20x	as long as short
Bitget NATGASUSDT	+0.1188%	4h	2.9910	−0.100%	$9.9M	$4.4M	100x	as long as short