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+0.0456%/8h= +49.9% APRpaid last 24h −0.003%
Price spread now: Aster against Gate−0.033%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$810.810% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.465%−$47 on $10k
Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.033%, 7d avg −0.006%
Together, before fees−0.309%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.028% cheaper against Gate than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of −0.006%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.465%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NG_USDT2.99500.0314pay 0.0314% / 8h2h 24m$1.5M$384K100x
ShortAster NATGASUSDT2.99400.0770get 0.0385% / 4h2h 24m$265K$104K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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
$95.66
Price spread: −0.033% → −0.006%
−$2.78
Slippage, 4 orders
−$58.04
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
$11.83
Costs to cover
0.810%
Break-even
6.1 days
Slippage from Gate: live order book, 3 min ago; Aster: live order book, 62 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 Gate live order book, 3 min ago3.34 bp18.7 bp −$1960.8 bp −$608doesn't fitdoesn't fit
Sell Aster live order book, 62 min ago5.01 bp12.2 bp −$1215.4 bp −$154doesn'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%4h2.9941−0.030%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0024%1h2.9920−0.100%$657K$120K20xas long as short
Lighter NATGAS+0.0032%1h2.9945−0.017%$618K$412K10xas long as short
Vest NG-PERP+0.0046%1h2.8310−5.476%$37810xas long as short
Pacifica NATGAS+0.0100%1h2.9918−0.107%$68K$34K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.167%$36K$214K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h2.9900−0.167%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9930−0.067%$1.5M$104K10xas long as short
Paradex NG-USD-PERP+0.0205%8h2.9954+0.015%$5K5xas long as short
Gate NG_USDTlong+0.0314%8h2.9950long leg$1.5M$384K100x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended XNG-USD+0.0408%1h2.9907−0.144%$112K$1.2M5xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0415% / S −0.0333%1h2.9925−0.083%$93K25xas long as short
Hotstuff NATGAS-PERP+0.0440%1h2.9948−0.007%$35K20xas long as short
OKX NG-USDT-SWAP+0.0463%8h2.9920−0.100%$896K$1.9M50xas long as short
Ondo Perps NATGAS-USD.P+0.0464%1h2.9931−0.063%$84K$69K10xas long as short
BloFin NG-USDT+0.0478%8h2.9920−0.100%$84K$190K20xas long as short
tradeXYZ xyz:NATGAS+0.0536%1h2.9938−0.040%$5.9M$6.8M10xas long as short
KuCoin NATGASUSDTM+0.0548%4h2.9920−0.100%$1.0M$1.2M20xas long as short
HTX NATGAS-USDT+0.0591%4h2.9945−0.017%$98K$220K75xas long as short
GRVT NATGAS_USDT_Perp+0.0668%4h2.9930−0.067%$13K$255K25xas long as short
Aster NATGASUSDTshort+0.0770%4h2.9940−0.033%$265K$104K50x
Variational Omni NATGAS+0.0785%4h2.9934−0.054%$310K$491Kas long as short
edgeX NATGASUSDC+0.0834%4h2.9944−0.020%$85K$212K20xas long as short
Binance NATGASUSDT+0.0843%4h2.9926−0.082%$10.1M$33.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1129%1h2.9942−0.026%$52K$55K20xas long as short
Bitget NATGASUSDT+0.1176%4h2.9910−0.134%$9.9M$4.4M100xas long as short