Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0492%/8h= −53.8% APRpaid last 24h −0.223%

Price spread now: Ondo Perps against Bitget+0.127%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.905%−$91 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.127% dearer against Bitget than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NATGASUSDT	3.0010	0.0542	pay 0.0271% / 4h	2h 45m	$9.9M	$3.5M	100x
Short	Ondo Perps NATGAS-USD.P	3.0048	0.0050	get 0.0006% / 1h	45m 12s	$84K	$27K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$103.24
Price spread: +0.127% → 0.000%: $12.66
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$107.57
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Ondo Perps: 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 Bitget live order book, 3 min ago	1.67 bp	10.1 bp −$10	19.9 bp −$199	67.1 bp −$6,713	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	2.8395	−5.382%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0042	+0.107%	$2K	$2.6M	20x	as long as short
Hotstuff NATGAS-PERP	+0.0016%	1h	3.0015	+0.017%	$35K	—	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0030	+0.067%	$659K	$86K	20x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0006	−0.013%	$110K	$450K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	0.000%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0015	+0.017%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.Pshort	+0.0050%	1h	3.0048	+0.127%	$84K	$27K	10x
Paradex NG-USD-PERP	+0.0059%	8h	3.0033	+0.078%	$5K	—	5x	as long as short
Lighter NATGAS	+0.0096%	1h	3.0029	+0.063%	$617K	$444K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	3.0023	+0.042%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	3.0020	+0.033%	$1.0M	$1.1M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.033%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.033%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	+0.067%	$1.5M	$94K	10x	as long as short
Aster NATGASUSDT	+0.0150%	4h	3.0030	+0.067%	$266K	$73K	50x	as long as short
HTX NATGAS-USDT	+0.0241%	4h	3.0041	+0.103%	$98K	$212K	75x	as long as short
Variational Omni NATGAS	+0.0267%	4h	3.0030	+0.068%	$312K	$443K	—	as long as short
BloFin NG-USDT	+0.0307%	8h	2.9980	−0.100%	$81K	$188K	20x	as long as short
OKX NG-USDT-SWAP	+0.0307%	8h	3.0020	+0.033%	$868K	$1.7M	50x	as long as short
Binance NATGASUSDT	+0.0341%	4h	3.0027	+0.055%	$10.1M	$29.1M	100x	as long as short
edgeX NATGASUSDC	+0.0349%	4h	3.0019	+0.031%	$85K	$213K	20x	as long as short
GRVT NATGAS_USDT_Perp	+0.0366%	4h	3.0006	−0.012%	$25K	$200K	25x	as long as short
Gate NG_USDT	+0.0380%	8h	3.0040	+0.100%	$1.5M	$218K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0418% / S −0.0354%	1h	3.0025	+0.050%	$92K	—	45x	as long as short
Bitget NATGASUSDTlong	+0.0542%	4h	3.0010	long leg	$9.9M	$3.5M	100x
Kraken Futures PF_NATGASUSD	+0.0825%	1h	3.0048	+0.126%	$54K	$37K	20x	as long as short