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−0.0096%/8h= −10.5% APRpaid last 24h −0.035%
Price spread now: Ondo Perps against GRVT−0.067%53s7-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 7 days+0.074%+$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.067% cheaper against GRVT than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT NATGAS_USDT_Perp3.00870.0146pay 0.0073% / 4h1h 12m$22K$211K25x
ShortOndo Perps NATGAS-USD.P3.00670.0050get 0.0006% / 1h12m 43s$83K$26K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against GRVT. 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
−$20.08
Price spread: −0.067% → 0.000%
−$6.73
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$40.81
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: GRVT: live order book, 30 min ago; 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 GRVT live order book, 30 min ago1.66 bp12.3 bp −$1227.0 bp −$270doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
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 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%1h3.0092+0.016%$35K20xas long as short
SunX NATGAS-USDT0.0000%4h3.0102+0.049%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0070−0.057%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0085−0.008%$630K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0067−0.066%$111K$283K5xas long as short
Vest NG-PERP+0.0046%1h3.0070−0.057%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0082−0.017%$6.0M$5.4M10xas long as short
Ondo Perps NATGAS-USD.Pshort+0.0050%1h3.0067−0.067%$83K$26K10x
HTX NATGAS-USDT+0.0053%4h3.0101+0.046%$108K$203K75xas long as short
Paradex NG-USD-PERP+0.0054%8h3.0092+0.017%$5K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0074−0.044%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.042%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.290%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0080−0.024%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perplong+0.0146%4h3.0087long leg$22K$211K25x
KuCoin NATGASUSDTM+0.0218%4h3.0050−0.124%$1.0M$906K20xas long as short
Aster NATGASUSDT+0.0268%4h3.0105+0.060%$265K$68K50xas long as short
Variational Omni NATGAS+0.0489%4h3.0090+0.008%$319K$393Kas long as short
Binance NATGASUSDT+0.0514%4h3.0087−0.001%$10.3M$28.6M100xas long as short
edgeX NATGASUSDC+0.0516%4h3.0089+0.007%$85K$213K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0560% / S −0.0568%1h3.0085−0.008%$88K45xas long as short
Gate NG_USDT+0.0600%8h3.0090+0.009%$1.5M$197K100xas long as short
BloFin NG-USDT+0.0650%8h3.0100+0.042%$83K$198K20xas long as short
OKX NG-USDT-SWAP+0.0656%8h3.0080−0.024%$877K$1.8M50xas long as short
Bitget NATGASUSDT+0.0940%4h3.0050−0.124%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0986%1h3.0095+0.027%$56K$36K20xas long as short