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+0.0036%/8h= +3.9% APRpaid last 24h +0.011%
Price spread now: Orderly against Extended+0.206%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.206% dearer against Extended than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD2.99380.0064pay 0.0008% / 1h19m 40s$110K$453K5x
ShortOrderly PERP_NATGAS_USDC_mythos3.00000.0100get 0.0100% / 8h19m 40s$3K$54410x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$7.56
Price spread: +0.206% → 0.000%
$20.64
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Orderly: 3 bp × 2 orders
−$6
Net
$17.2
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Extended: live order book, 58 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 58 min ago0.67 bp4.2 bp −$48.1 bp −$81doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.0024%1h2.9947+0.029%$35K20xas long as short
GRVT NATGAS_USDT_Perp0.0000%4h2.9948+0.032%$13K$238K25xas long as short
SunX NATGAS-USDT0.0000%4h2.9972+0.113%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9987+0.163%$98K$213K75xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950+0.039%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9964+0.086%$619K$416K10xas long as short
Vest NG-PERP+0.0046%1h2.9950+0.039%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947+0.029%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9940+0.006%$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
Paradex NG-USD-PERP+0.0067%8h2.9950+0.040%$5K5xas long as short
Aster NATGASUSDT+0.0082%4h2.9960+0.073%$265K$73K50xas long as short
Pacifica NATGAS+0.0100%1h2.9937−0.005%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950+0.039%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.128%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythosshort+0.0100%8h3.0000+0.206%$3K$54410x
Phemex NGUSDT+0.0100%4h2.9950+0.039%$1.5M$97K10xas long as short
Variational Omni NATGAS+0.0115%4h2.9951+0.043%$311K$443Kas long as short
BloFin NG-USDT+0.0132%8h2.9960+0.073%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0139%8h2.9950+0.039%$858K$1.7M50xas long as short
Gate NG_USDT+0.0175%8h2.9970+0.106%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0205%4h2.9956+0.059%$10.1M$30.0M100xas long as short
edgeX NATGASUSDC+0.0252%4h2.9951+0.042%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0298%4h2.9930−0.027%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955+0.056%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9970+0.106%$52K$39K20xas long as short