NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0307%/8h= −33.6% APRnext payment −$1.54 per $10,000 · paid last 24h −0.265%

Price spread now: Aster against Bitget+0.100%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on Bitget Short on Aster

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)+0.113%+$11 · spread now +0.100%, 7d avg +0.062%

Together, before fees−0.919%+ Points / potential airdropAster: Stage 5 · farm board−$92 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.038% dearer against Bitget than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.062%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NATGASUSDT	2.9910	0.0956	pay 0.0478% / 4h	1h 32m	$10.0M	$4.0M	100x
Short	Aster NATGASUSDT	2.9940	0.0649	get 0.0324% / 4h	1h 32m	$265K	$105K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$64.49
Price spread: +0.100% → +0.062%: $3.79
Slippage, 4 orders: −$67.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$148.42
Costs to cover: 0.877%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Aster: live order book, 49 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 Bitget live order book, 1 min ago	1.67 bp	13.0 bp −$13	23.6 bp −$236	63.2 bp −$6,318	doesn't fit
Sell Aster live order book, 49 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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8279	−5.453%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9951	+0.137%	$2K	$2.6M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9922	+0.040%	$618K	$411K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0032%	1h	2.9917	+0.023%	$35K	—	20x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9930	+0.067%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9917	+0.023%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9919	+0.030%	$84K	$50K	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9912	+0.006%	$68K	$34K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.033%	$36K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.033%	$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	2.9930	+0.067%	$1.5M	$101K	10x	as long as short
Extended XNG-USD	+0.0112%	1h	2.9911	+0.004%	$110K	$1.2M	5x	as long as short
Paradex NG-USD-PERP	+0.0145%	8h	2.9929	+0.065%	$5K	—	5x	as long as short
QFEX NATGAS-USD	+0.0160%	1h	2.9920	+0.033%	$657K	$86K	20x	as long as short
Gate NG_USDT	+0.0234%	8h	2.9970	+0.201%	$1.5M	$306K	100x	as long as short
KuCoin NATGASUSDTM	+0.0308%	4h	2.9920	+0.033%	$1.0M	$1.2M	20x	as long as short
HTX NATGAS-USDT	+0.0343%	4h	2.9955	+0.150%	$98K	$217K	75x	as long as short
BloFin NG-USDT	+0.0353%	8h	2.9930	+0.067%	$84K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0359%	8h	2.9930	+0.067%	$856K	$1.7M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9945	+0.117%	$93K	—	25x	as long as short
GRVT NATGAS_USDT_Perp	+0.0504%	4h	2.9920	+0.033%	$13K	$246K	25x	as long as short
Kraken Futures PF_NATGASUSD	+0.0515%	1h	2.9954	+0.148%	$52K	$43K	20x	as long as short
Aster NATGASUSDTshort	+0.0649%	4h	2.9940	+0.100%	$265K	$105K	50x
Variational Omni NATGAS	+0.0689%	4h	2.9932	+0.072%	$311K	$446K	—	as long as short
Binance NATGASUSDT	+0.0714%	4h	2.9942	+0.106%	$10.1M	$31.3M	100x	as long as short
edgeX NATGASUSDC	+0.0757%	4h	2.9932	+0.073%	$85K	$212K	20x	as long as short
Bitget NATGASUSDTlong	+0.0956%	4h	2.9910	long leg	$10.0M	$4.0M	100x