Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.007%
Price spread now: Variational Omni against BloFin+0.064%7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.064%, 7d avg +0.041%
Together, before fees−0.126%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.022% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NG-USDT2.99900.0489pay 0.0489% / 8h5h 06m$80K$188K20x
ShortVariational Omni NATGAS3.00090.0573get 0.0287% / 4h1h 06m$311K$444K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$17.64
Price spread: +0.064% → +0.041%
$2.25
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$7.89
Costs to cover
0.120%
Break-even
3.9 days
Slippage unknown: BloFin: live order book, 31 min ago; Variational Omni: RFQ quote, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 31 min ago1.67 bp10.2 bp −$1017.2 bp −$172doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 57 min ago4.50 bpdoesn't fit11.4 bp −$114doesn't fitdoesn't fit

NATGAS on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8426−5.215%as long as short
SunX NATGAS-USDT0.0000%4h3.0022+0.107%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0019%1h2.99900.000%$658K$85K20xas long as short
Hotstuff NATGAS-PERP+0.0024%1h3.0002+0.040%$35K20xas long as short
Lighter NATGAS+0.0032%1h2.9995+0.017%$618K$494K10xas long as short
Vest NG-PERP+0.0046%1h2.99900.000%$37810xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.99900.000%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0061%8h3.0006+0.054%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0089%1h3.0000+0.033%$6.0M$5.9M10xas long as short
Pacifica NATGAS+0.0100%1h2.9978−0.040%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000+0.033%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.033%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0000+0.033%$1.5M$95K10xas long as short
Extended XNG-USD+0.0136%1h2.9987−0.010%$110K$445K5xas long as short
HTX NATGAS-USDT+0.0242%4h3.0017+0.090%$104K$216K75xas long as short
GRVT NATGAS_USDT_Perp+0.0384%4h3.0000+0.033%$25K$227K25xas long as short
KuCoin NATGASUSDTM+0.0384%4h2.9980−0.033%$1.1M$1.1M20xas long as short
Aster NATGASUSDT+0.0404%4h2.9991+0.003%$265K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0438% / S −0.0376%1h3.0005+0.050%$92K45xas long as short
Gate NG_USDT+0.0459%8h3.0040+0.167%$1.5M$210K100xas long as short
OKX NG-USDT-SWAP+0.0472%8h3.0000+0.033%$852K$1.7M50xas long as short
BloFin NG-USDTlong+0.0489%8h2.9990long leg$80K$188K20x
Variational Omni NATGASshort+0.0573%4h3.0009+0.064%$311K$444K
Binance NATGASUSDT+0.0616%4h3.0000+0.033%$10.2M$28.9M100xas long as short
edgeX NATGASUSDC+0.0621%4h3.0000+0.033%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0988%4h2.9960−0.100%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1110%1h3.0015+0.084%$53K$34K20xas long as short