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+0.0083%/8h= +9.1% APRpaid last 24h +0.102%
Price spread now: Variational Omni against Lighter−0.044%7-day average +0.132% · 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)−0.662%−$66 on $10k
Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.044%, 7d avg +0.132%
Together, before fees−0.650%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$65 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.176% cheaper against Lighter than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.132%). If the spread goes back, that is −$18 on $10k: about 7.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.662%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NATGAS2.99640.0032pay 0.0004% / 1h20m 15s$619K$416K10x
ShortVariational Omni NATGAS2.99510.0115get 0.0057% / 4h20m 15s$311K$443K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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
$17.36
Price spread: −0.044% → +0.132%
−$17.56
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$0.19
Costs to cover
0.000%
Break-even
7.1 days
Slippage unknown: Lighter: live order book, 50 min ago; Variational Omni: RFQ quote, 59 min ago. 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 Lighter live order book, 50 min ago0.50 bp8.4 bp −$815.3 bp −$15373.6 bp −$7,364doesn't fit
Sell Variational Omni RFQ quote, 59 min ago4.49 bpdoesn't fit9.3 bp −$93doesn'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
Hotstuff NATGAS-PERP−0.0024%1h2.9947−0.057%$35K20xas long as short
GRVT NATGAS_USDT_Perp0.0000%4h2.9948−0.054%$13K$238K25xas long as short
SunX NATGAS-USDT0.0000%4h2.9972+0.027%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9987+0.077%$98K$213K75xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950−0.047%$657K$86K20xas long as short
Lighter NATGASlong+0.0032%1h2.9964long leg$619K$416K10x
Vest NG-PERP+0.0046%1h2.9950−0.047%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947−0.057%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9940−0.080%$84K$43K10xas long as short
Extended XNG-USD+0.0064%1h2.9938−0.088%$110K$453K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0068%8h2.9950−0.048%$5K5xas long as short
Aster NATGASUSDT+0.0091%4h2.9960−0.013%$265K$73K50xas long as short
Pacifica NATGAS+0.0100%1h2.9937−0.092%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950−0.047%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.214%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.120%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9950−0.047%$1.5M$97K10xas long as short
Variational Omni NATGASshort+0.0115%4h2.9951−0.044%$311K$443K
BloFin NG-USDT+0.0132%8h2.9960−0.013%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0142%8h2.9950−0.047%$858K$1.7M50xas long as short
Gate NG_USDT+0.0177%8h2.9970+0.020%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0214%4h2.9950−0.047%$10.1M$30.0M100xas long as short
edgeX NATGASUSDC+0.0252%4h2.9951−0.045%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0304%4h2.9930−0.113%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955−0.030%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9970+0.020%$52K$39K20xas long as short