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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0459%/8h= +50.2% APRpaid last 24h +0.070%
Price spread now: Aster against Extended+0.072%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$710.711% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.052%−$5 on $10k
Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.072%, 7d avg +0.019%
Together, before fees−0.074%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Aster is 0.053% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD2.99180.0376pay 0.0047% / 1h8m 48s$112K$1.2M5x
ShortAster NATGASUSDT2.99400.0835get 0.0417% / 4h2h 08m$265K$105K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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
$96.29
Price spread: +0.072% → +0.019%
$5.32
Slippage, 4 orders
−$58.05
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
$30.56
Costs to cover
0.711%
Break-even
4.8 days
Slippage from Extended: live order book, 5 min ago; Aster: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 5 min ago0.50 bp5.4 bp −$510.1 bp −$101doesn't fitdoesn't fit
Sell Aster live order book, 13 min ago5.01 bp15.1 bp −$1520.4 bp −$204doesn't fitdoesn't fit

NATGAS on 26 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
SunX NATGAS-USDT0.0000%4h2.9962+0.146%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0024%1h2.9920+0.006%$656K$120K20xas long as short
Lighter NATGAS+0.0032%1h2.9951+0.109%$618K$412K10xas long as short
Vest NG-PERP+0.0046%1h2.8310−5.376%$37810xas long as short
Pacifica NATGAS+0.0100%1h2.9942+0.079%$68K$34K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.061%$36K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h2.9900−0.061%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9940+0.072%$1.5M$104K10xas long as short
Paradex NG-USD-PERP+0.0220%8h2.9968+0.167%$5K5xas long as short
Gate NG_USDT+0.0254%8h2.9960+0.139%$1.5M$384K100xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended XNG-USDlong+0.0376%1h2.9918long leg$112K$1.2M5x
Hotstuff NATGAS-PERP+0.0408%1h2.9956+0.126%$35K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0416% / S −0.0333%1h2.9945+0.089%$93K25xas long as short
OKX NG-USDT-SWAP+0.0447%8h2.9920+0.006%$895K$1.8M50xas long as short
BloFin NG-USDT+0.0460%8h2.9920+0.006%$84K$190K20xas long as short
tradeXYZ xyz:NATGAS+0.0493%1h2.9952+0.113%$5.9M$6.8M10xas long as short
Ondo Perps NATGAS-USD.P+0.0500%1h2.9928+0.032%$84K$66K10xas long as short
KuCoin NATGASUSDTM+0.0514%4h2.9920+0.006%$1.0M$1.2M20xas long as short
HTX NATGAS-USDT+0.0704%4h2.9963+0.149%$98K$219K75xas long as short
GRVT NATGAS_USDT_Perp+0.0794%4h2.9940+0.071%$13K$255K25xas long as short
Variational Omni NATGAS+0.0829%4h2.9944+0.087%$310K$491Kas long as short
Aster NATGASUSDTshort+0.0835%4h2.9940+0.072%$265K$105K50x
edgeX NATGASUSDC+0.0888%4h2.9944+0.086%$85K$212K20xas long as short
Binance NATGASUSDT+0.0893%4h2.9940+0.072%$10.1M$33.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.1128%1h2.9966+0.158%$52K$55K20xas long as short
Bitget NATGASUSDT+0.1194%4h2.9900−0.061%$9.9M$4.4M100xas long as short