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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h +0.030%
Price spread now: Gate against KuCoin+0.100%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1411.409% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.255%+$25 on $10k
Price spread, last 7 days+0.019%+$2 · spread now +0.100%, 7d avg +0.100%
Together, before fees+0.274%+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.100%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NATGASUSDTM2.99600.0100pay 0.0050% / 4h3h 52m$1.0M$1.2M20x
ShortGate NG_USDT2.99900.0283get 0.0283% / 8h7h 52m$1.5M$254K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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
$38.43
Price spread: +0.100% → +0.100%
$0.06
Slippage, 4 orders
−$113.9
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$102.41
Costs to cover
1.409%
Break-even
25.7 days
Slippage from KuCoin: live order book, 2 min ago; Gate: live order book, 5 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 KuCoin live order book, 2 min ago1.67 bp52.9 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 5 min ago1.67 bp18.4 bp −$1865.8 bp −$658doesn't fitdoesn't fit

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%1h2.8339−5.411%as long as short
SunX NATGAS-USDT0.0000%4h3.0002+0.140%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h2.9970+0.033%$658K$86K20xas long as short
Extended XNG-USD+0.0032%1h2.9963+0.010%$110K$453K5xas long as short
Aster NATGASUSDT+0.0034%4h2.99600.000%$265K$73K50xas long as short
Hotstuff NATGAS-PERP+0.0040%1h2.9975+0.050%$35K20xas long as short
Vest NG-PERP+0.0046%1h2.9970+0.033%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9967+0.023%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9993+0.110%$84K$42K10xas long as short
Lighter NATGAS+0.0056%1h2.9992+0.107%$617K$412K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0060%8h2.9988+0.095%$5K5xas long as short
Variational Omni NATGAS+0.0061%4h2.9971+0.037%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9974+0.047%$68K$33K10xas long as short
KuCoin NATGASUSDTMlong+0.0100%4h2.9960long leg$1.0M$1.2M20x
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.200%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.134%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9980+0.067%$1.5M$95K10xas long as short
BloFin NG-USDT+0.0127%8h2.9970+0.033%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0142%8h2.9970+0.033%$857K$1.7M50xas long as short
edgeX NATGASUSDC+0.0169%4h2.9971+0.036%$85K$211K20xas long as short
Binance NATGASUSDT+0.0175%4h2.9980+0.067%$10.1M$29.7M100xas long as short
Bitget NATGASUSDT+0.0202%4h2.9950−0.033%$10.0M$3.5M100xas long as short
HTX NATGAS-USDT+0.0247%4h3.0000+0.134%$98K$211K75xas long as short
Gate NG_USDTshort+0.0283%8h2.9990+0.100%$1.5M$254K100x
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9985+0.083%$93K45xas long as short
GRVT NATGAS_USDT_Perp+0.0484%4h2.9969+0.030%$25K$241K25xas long as short
Kraken Futures PF_NATGASUSD+0.1002%1h2.9991+0.103%$52K$39K20xas long as short