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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: QFEX against gTrade (Gains Network)+5.601%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 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 5.601% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$560 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NATGAS/USD2.8494L 0.0000% / S 0.0000%get 0.0000% / 1h53m 03s
ShortQFEX NATGAS-USD3.00900.0002get 0.0000% / 1h53m 03s$660K$96K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against gTrade (Gains Network). 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
$0.44
Price spread: +5.601% → 0.000%
$560.12
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee QFEX: 5 bp × 2 orders
−$10
Net
$540.55
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; QFEX: live order book, 32 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 gTrade (Gains Network) no order-book sample
Sell QFEX live order book, 32 min ago3.33 bp8.3 bp −$88.3 bp −$8312.6 bp −$1,262doesn't fit
gTrade (Gains Network): 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 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/USDlongL 0.0000% / S 0.0000%1h2.8494long leg
SunX NATGAS-USDT0.0000%4h3.0122+5.713%$2K$2.4M20xas long as short
QFEX NATGAS-USDshort+0.0002%1h3.0090+5.601%$660K$96K20x
Lighter NATGAS+0.0032%1h3.0101+5.640%$630K$500K10xas long as short
Extended XNG-USD+0.0032%1h3.0085+5.583%$110K$332K5xas long as short
Vest NG-PERP+0.0046%1h3.0090+5.601%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0062+5.503%$83K$26K10xas long as short
Hotstuff NATGAS-PERP+0.0056%1h3.0079+5.563%$35K20xas long as short
Paradex NG-USD-PERP+0.0059%8h3.0103+5.646%$5K5xas long as short
HTX NATGAS-USDT+0.0065%4h3.0087+5.591%$107K$210K75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NATGAS+0.0093%1h3.0100+5.636%$6.0M$5.5M10xas long as short
Pacifica NATGAS+0.0100%1h3.0090+5.601%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+5.636%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0100+5.636%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0090+5.601%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0122%4h3.0090+5.601%$22K$222K25xas long as short
KuCoin NATGASUSDTM+0.0290%4h3.0080+5.566%$1.0M$938K20xas long as short
Aster NATGASUSDT+0.0304%4h3.0119+5.702%$265K$70K50xas long as short
Variational Omni NATGAS+0.0525%4h3.0090+5.600%$318K$432Kas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0538% / S −0.0541%1h3.0105+5.654%$88K45xas long as short
Binance NATGASUSDT+0.0547%4h3.0100+5.636%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0547%4h3.0093+5.613%$85K$212K20xas long as short
Gate NG_USDT+0.0627%8h3.0120+5.706%$1.5M$195K100xas long as short
BloFin NG-USDT+0.0637%8h3.0110+5.671%$82K$195K20xas long as short
OKX NG-USDT-SWAP+0.0653%8h3.0090+5.601%$872K$1.8M50xas long as short
Bitget NATGASUSDT+0.0970%4h3.0070+5.531%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0985%1h3.0116+5.691%$56K$35K20xas long as short