Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h −0.057%

Price spread now: Aster against BloFin−0.002%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$740.740% of the position

Long on BloFin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.430%−$43 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.002%, 7d avg +0.049%

Together, before fees−0.426%+ Points / potential airdropAster: Stage 5 · farm board−$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.051% cheaper against BloFin than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.049%). If the spread goes back, that is −$5 on $10k: about 18 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.430%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NG-USDT	2.9940	0.0276	pay 0.0276% / 8h	1h 12m	$80K	$189K	20x
Short	Aster NATGASUSDT	2.9939	0.0496	get 0.0248% / 4h	1h 12m	$265K	$105K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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 BloFinbpFee AsterbpOrdersPrice spread, now −0.002%Rate

Funding earned: $46.32
Price spread: −0.002% → +0.049%: −$5.09
Slippage, 4 orders: −$54.01
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.79
Costs to cover: 0.740%
Break-even: 12.0 days

Slippage from BloFin: live order book, 62 min ago; Aster: live order book, 4 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 BloFin live order book, 62 min ago	1.67 bp	13.9 bp −$14	15.3 bp −$153	78.5 bp −$7,848	doesn't fit
Sell Aster live order book, 4 min ago	5.01 bp	12.2 bp −$12	15.6 bp −$156	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	0.0000%	1h	2.9931	−0.030%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8274	−5.564%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9961	+0.070%	$2K	$2.6M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9930	−0.033%	$619K	$411K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9920	−0.067%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9927	−0.043%	$84K	$49K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0060%	1h	2.9930	−0.033%	$5.9M	$6.0M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9913	−0.091%	$68K	$34K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.200%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.134%	$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	2.9940	0.000%	$1.5M	$100K	10x	as long as short
Paradex NG-USD-PERP	+0.0108%	8h	2.9940	+0.002%	$5K	—	5x	as long as short
QFEX NATGAS-USD	+0.0160%	1h	2.9930	−0.033%	$657K	$86K	20x	as long as short
KuCoin NATGASUSDTM	+0.0160%	4h	2.9930	−0.033%	$1.0M	$1.2M	20x	as long as short
HTX NATGAS-USDT	+0.0183%	4h	2.9951	+0.037%	$98K	$215K	75x	as long as short
Gate NG_USDT	+0.0224%	8h	2.9970	+0.100%	$1.5M	$307K	100x	as long as short
BloFin NG-USDTlong	+0.0276%	8h	2.9940	long leg	$80K	$189K	20x
Extended XNG-USD	+0.0280%	1h	2.9911	−0.096%	$110K	$471K	5x	as long as short
OKX NG-USDT-SWAP	+0.0301%	8h	2.9940	0.000%	$856K	$1.7M	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0332%	4h	2.9930	−0.033%	$13K	$246K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9945	+0.017%	$93K	—	45x	as long as short
Aster NATGASUSDTshort	+0.0496%	4h	2.9939	−0.002%	$265K	$105K	50x
Kraken Futures PF_NATGASUSD	+0.0515%	1h	2.9954	+0.046%	$52K	$44K	20x	as long as short
Variational Omni NATGAS	+0.0534%	4h	2.9931	−0.029%	$311K	$446K	—	as long as short
Binance NATGASUSDT	+0.0588%	4h	2.9945	+0.017%	$10.1M	$30.8M	100x	as long as short
edgeX NATGASUSDC	+0.0637%	4h	2.9932	−0.026%	$85K	$213K	20x	as long as short
Bitget NATGASUSDT	+0.0776%	4h	2.9910	−0.100%	$10.0M	$4.0M	100x	as long as short