NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.043%

Price spread now: Aster against Binance+0.067%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 2 days (all we have)−0.056%−$6 · spread now +0.067%, 7d avg +0.020%

Together, before fees−0.234%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.047% dearer against Binance than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.020%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NATGASUSDT	2.9920	0.0676	pay 0.0338% / 4h	1h 27m	$10.1M	$31.2M	100x
Short	Aster NATGASUSDT	2.9940	0.0603	get 0.0301% / 4h	1h 27m	$265K	$105K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$15.5
Price spread: +0.067% → +0.020%: $4.67
Slippage, 4 orders: −$57.58
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$86.4
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Aster: live order book, 55 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 Binance live order book, 14 min ago	1.67 bp	6.7 bp −$7	15.6 bp −$156	38.4 bp −$3,841	145.9 bp −$73.0K
Sell Aster live order book, 55 min ago	5.01 bp	15.1 bp −$15	20.4 bp −$204	doesn't fit	doesn't fit

NATGAS on 27 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
Hotstuff NATGAS-PERP	−0.0016%	1h	2.9913	−0.023%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8256	−5.561%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9942	+0.074%	$2K	$2.6M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9904	−0.053%	$618K	$411K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9920	0.000%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9913	−0.023%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9908	−0.040%	$84K	$50K	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9902	−0.062%	$68K	$34K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.067%	$36K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.067%	$3K	$544	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NGUSDT	+0.0100%	4h	2.9920	0.000%	$1.5M	$101K	10x	as long as short
Paradex NG-USD-PERP	+0.0132%	8h	2.9922	+0.006%	$5K	—	5x	as long as short
Extended XNG-USD	+0.0152%	1h	2.9900	−0.066%	$110K	$1.2M	5x	as long as short
QFEX NATGAS-USD	+0.0160%	1h	2.9910	−0.033%	$656K	$86K	20x	as long as short
Gate NG_USDT	+0.0235%	8h	2.9940	+0.067%	$1.5M	$306K	100x	as long as short
KuCoin NATGASUSDTM	+0.0264%	4h	2.9910	−0.033%	$1.0M	$1.2M	20x	as long as short
HTX NATGAS-USDT	+0.0290%	4h	2.9946	+0.087%	$98K	$215K	75x	as long as short
BloFin NG-USDT	+0.0335%	8h	2.9910	−0.033%	$84K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0339%	8h	2.9920	0.000%	$855K	$1.7M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9925	+0.017%	$93K	—	45x	as long as short
GRVT NATGAS_USDT_Perp	+0.0440%	4h	2.9916	−0.015%	$13K	$246K	25x	as long as short
Kraken Futures PF_NATGASUSD	+0.0515%	1h	2.9940	+0.067%	$52K	$44K	20x	as long as short
Aster NATGASUSDTshort	+0.0603%	4h	2.9940	+0.067%	$265K	$105K	50x
Variational Omni NATGAS	+0.0644%	4h	2.9931	+0.038%	$311K	$446K	—	as long as short
Binance NATGASUSDTlong	+0.0676%	4h	2.9920	long leg	$10.1M	$31.2M	100x
edgeX NATGASUSDC	+0.0711%	4h	2.9921	+0.004%	$85K	$211K	20x	as long as short
Bitget NATGASUSDT	+0.0894%	4h	2.9900	−0.067%	$10.0M	$4.0M	100x	as long as short