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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.121%
Price spread now: BloFin against Extended+0.007%94s7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$290.290% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.379%+$38 on $10k
Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.007%, 7d avg −0.030%
Together, before fees+0.372%+ Points / potential airdropExtended: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.037% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.030%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD2.99380.0064pay 0.0008% / 1h17m 32s$110K$453K5x
ShortBloFin NG-USDT2.99400.0113get 0.0113% / 8h17m 32s$80K$189K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$10.34
Price spread: +0.007% → −0.030%
$3.71
Slippage, 4 orders
−$12.03
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$14.98
Costs to cover
0.290%
Break-even
17.1 days
Slippage from Extended: live order book, 60 min ago; BloFin: live order book, 52 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, 60 min ago0.67 bp4.2 bp −$48.1 bp −$81doesn't fitdoesn't fit
Sell BloFin live order book, 52 min ago3.34 bp12.0 bp −$1213.4 bp −$134doesn'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
GRVT NATGAS_USDT_Perp0.0000%4h2.9949+0.037%$13K$238K25xas long as short
SunX NATGAS-USDT0.0000%4h2.9972+0.114%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9987+0.164%$98K$212K75xas long as short
Hotstuff NATGAS-PERP+0.0008%1h2.9948+0.033%$35K20xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950+0.040%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9965+0.090%$616K$419K10xas long as short
Vest NG-PERP+0.0046%1h2.9950+0.040%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947+0.030%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9940+0.007%$84K$43K10xas long as short
Extended XNG-USDlong+0.0064%1h2.9938long leg$110K$453K5x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NATGASUSDT+0.0066%4h2.9960+0.073%$265K$73K50xas long as short
Paradex NG-USD-PERP+0.0066%8h2.9951+0.042%$5K5xas long as short
Pacifica NATGAS+0.0100%1h2.9948+0.033%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950+0.040%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.127%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.207%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9960+0.073%$1.5M$97K10xas long as short
BloFin NG-USDTshort+0.0113%8h2.9940+0.007%$80K$189K20x
Variational Omni NATGAS+0.0115%4h2.9951+0.043%$311K$443Kas long as short
OKX NG-USDT-SWAP+0.0133%8h2.9950+0.040%$856K$1.7M50xas long as short
Gate NG_USDT+0.0173%8h2.9980+0.140%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0192%4h2.9950+0.040%$10.1M$30.0M100xas long as short
edgeX NATGASUSDC+0.0230%4h2.9951+0.042%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0286%4h2.9930−0.027%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955+0.057%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9970+0.107%$52K$39K20xas long as short