Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0429%/8h= −47.0% APRpaid last 24h −0.077%

Price spread now: Vest against BloFin+0.033%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Vest is 0.033% dearer against BloFin than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NG-USDT	2.9990	0.0475	pay 0.0475% / 8h	5h 02m	$80K	$188K	20x
Short	Vest NG-PERP	3.0000	0.0046	get 0.0006% / 1h	2m 20s	—	$378	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$90.12
Price spread: +0.033% → 0.000%: $3.33
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$100.79
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 35 min ago; Vest: 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 BloFin live order book, 35 min ago	1.67 bp	10.2 bp −$10	17.2 bp −$172	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 26 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
SunX NATGAS-USDT	0.0000%	4h	3.0031	+0.137%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0000	+0.033%	$658K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9997	+0.023%	$618K	$495K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0032%	1h	3.0008	+0.060%	$35K	—	20x	as long as short
Vest NG-PERPshort	+0.0046%	1h	3.0000	+0.033%	—	$378	10x
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0028	+0.127%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0060%	8h	3.0016	+0.088%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0093%	1h	3.0008	+0.060%	$6.0M	$5.9M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9979	−0.037%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.033%	$37K	$215K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.033%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0000	+0.033%	$1.5M	$95K	10x	as long as short
Extended XNG-USD	+0.0128%	1h	2.9991	+0.003%	$110K	$445K	5x	as long as short
HTX NATGAS-USDT	+0.0241%	4h	3.0016	+0.087%	$105K	$216K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0384%	4h	2.9997	+0.022%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0386%	4h	2.9990	0.000%	$1.1M	$1.1M	20x	as long as short
Aster NATGASUSDT	+0.0408%	4h	3.0001	+0.036%	$265K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0442% / S −0.0381%	1h	3.0015	+0.083%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0458%	8h	3.0040	+0.167%	$1.5M	$211K	100x	as long as short
BloFin NG-USDTlong	+0.0475%	8h	2.9990	long leg	$80K	$188K	20x
OKX NG-USDT-SWAP	+0.0478%	8h	3.0000	+0.033%	$852K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0586%	4h	2.9999	+0.031%	$311K	$444K	—	as long as short
edgeX NATGASUSDC	+0.0617%	4h	2.9999	+0.030%	$85K	$213K	20x	as long as short
Binance NATGASUSDT	+0.0621%	4h	3.0013	+0.077%	$10.2M	$28.9M	100x	as long as short
Bitget NATGASUSDT	+0.0994%	4h	2.9980	−0.033%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1110%	1h	3.0015	+0.085%	$53K	$34K	20x	as long as short