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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0443%/8h= −48.5% APRnext payment $0.55 per $10,000 · paid last 24h −0.136%
Price spread now: Vest against GMX−0.083%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 airdropVest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Vest is 0.083% cheaper against GMX than usual: you would sell low and buy high (−$8 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]3.0075L +0.0488% / S −0.0432%pay 0.0061% / 1h6m 54s$92K45x
ShortVest NG-PERP3.00500.0046get 0.0006% / 1h6m 54s$14K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
−$92.97
Price spread: −0.083% → 0.000%
−$8.31
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
−$115.28
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Vest: 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 Vest no order-book sample
GMX and Vest: 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%1h2.8456−5.383%as long as short
SunX NATGAS-USDT0.0000%4h3.0092+0.057%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0060−0.050%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0058−0.057%$629K$503K10xas long as short
Hotstuff NATGAS-PERP+0.0032%1h3.0063−0.040%$35K20xas long as short
Vest NG-PERPshort+0.0046%1h3.0050−0.083%$14K10x
Ondo Perps NATGAS-USD.P+0.0050%1h3.0057−0.060%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0095%1h3.0063−0.040%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0099%8h3.0076+0.003%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0050−0.083%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.249%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.249%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070−0.017%$1.5M$93K10xas long as short
Extended XNG-USD+0.0216%1h3.0048−0.090%$110K$364K5xas long as short
KuCoin NATGASUSDTM+0.0364%4h3.0060−0.050%$1.0M$982K20xas long as short
Aster NATGASUSDT+0.0428%4h3.0060−0.050%$264K$74K50xas long as short
GRVT NATGAS_USDT_Perp+0.0462%4h3.0056−0.064%$13K$223K25xas long as short
GMX NATGAS/USD [ETH-USDC]longL +0.0488% / S −0.0432%1h3.0075long leg$92K45x
HTX NATGAS-USDT+0.0517%4h3.0083+0.027%$107K$212K75xas long as short
Gate NG_USDT+0.0556%8h3.0100+0.083%$1.5M$193K100xas long as short
BloFin NG-USDT+0.0585%8h3.0080+0.017%$82K$195K20xas long as short
OKX NG-USDT-SWAP+0.0609%8h3.0070−0.017%$867K$1.7M50xas long as short
Variational Omni NATGAS+0.0636%4h3.0069−0.018%$312K$444Kas long as short
Binance NATGASUSDT+0.0663%4h3.0070−0.017%$10.3M$28.2M100xas long as short
edgeX NATGASUSDC+0.0676%4h3.0070−0.018%$85K$212K20xas long as short
Kraken Futures PF_NATGASUSD+0.0854%1h3.0087+0.039%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1034%4h3.0040−0.116%$9.9M$3.2M100xas long as short