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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0384%/8h= −42.0% APRnext payment $0.48 per $10,000 · paid last 24h −0.129%
Price spread now: Ondo Perps against GMX−0.060%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Ondo Perps is 0.060% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NATGAS/USD [ETH-USDC]3.0025L +0.0434% / S −0.0372%pay 0.0054% / 1h26m 30s$92K45x
ShortOndo Perps NATGAS-USD.P3.00070.0050get 0.0006% / 1h26m 30s$82K$26K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against GMX. 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
−$80.56
Price spread: −0.060% → 0.000%
−$6
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$103.56
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Ondo Perps: 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 GMX no order-book sample
Sell Ondo Perps no order-book sample
GMX and Ondo Perps: 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/USDL 0.0000% / S 0.0000%1h2.8440−5.279%as long as short
SunX NATGAS-USDT0.0000%4h3.0041+0.053%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0010−0.050%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0015−0.033%$619K$494K10xas long as short
Vest NG-PERP+0.0046%1h3.0010−0.050%$37810xas long as short
Ondo Perps NATGAS-USD.Pshort+0.0050%1h3.0007−0.060%$82K$26K10x
Paradex NG-USD-PERP+0.0067%8h3.0029+0.012%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0080%1h3.0015−0.033%$35K20xas long as short
Extended XNG-USD+0.0096%1h3.0001−0.081%$110K$444K5xas long as short
tradeXYZ xyz:NATGAS+0.0099%1h3.0008−0.057%$6.0M$5.9M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0013−0.040%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.250%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.083%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030+0.017%$1.5M$95K10xas long as short
HTX NATGAS-USDT+0.0247%4h3.0032+0.023%$101K$214K75xas long as short
KuCoin NATGASUSDTM+0.0348%4h3.0010−0.050%$1.1M$1.1M20xas long as short
Aster NATGASUSDT+0.0367%4h3.0016−0.028%$265K$73K50xas long as short
GRVT NATGAS_USDT_Perp+0.0400%4h3.0019−0.019%$12K$214K25xas long as short
OKX NG-USDT-SWAP+0.0429%8h3.0020−0.017%$853K$1.7M50xas long as short
GMX NATGAS/USD [ETH-USDC]longL +0.0434% / S −0.0372%1h3.0025long leg$92K45x
Gate NG_USDT+0.0441%8h3.0060+0.117%$1.5M$209K100xas long as short
BloFin NG-USDT+0.0450%8h2.9990−0.117%$81K$188K20xas long as short
Variational Omni NATGAS+0.0532%4h3.0019−0.020%$311K$444Kas long as short
Binance NATGASUSDT+0.0583%4h3.0020−0.017%$10.2M$28.9M100xas long as short
edgeX NATGASUSDC+0.0584%4h3.0019−0.020%$85K$211K20xas long as short
Bitget NATGASUSDT+0.0954%4h3.0000−0.083%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1109%1h3.0034+0.030%$54K$36K20xas long as short