Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h −0.054%

Price spread now: Aster against OKX+0.020%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$700.696% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.020%, 7d avg +0.051%

Together, before fees−0.413%+ Points / potential airdropAster: Stage 5 · farm board−$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.031% cheaper against OKX than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.051%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.431%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NG-USDT-SWAP	2.9930	0.0307	pay 0.0307% / 8h	1h 15m	$856K	$1.7M	50x
Short	Aster NATGASUSDT	2.9936	0.0518	get 0.0259% / 4h	1h 15m	$265K	$105K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee AsterbpOrdersPrice spread, now +0.020%Rate

Funding earned: $44.28
Price spread: +0.020% → +0.051%: −$3.08
Slippage, 4 orders: −$51.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.43
Costs to cover: 0.696%
Break-even: 11.5 days

Slippage from OKX: live order book, 2 min ago; Aster: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	1.67 bp	8.0 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	5.01 bp	12.2 bp −$12	15.6 bp −$156	doesn't fit	doesn't fit

NATGAS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	−0.0008%	1h	2.9931	+0.003%	$35K	—	20x	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9961	+0.104%	$2K	$2.6M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9924	−0.020%	$618K	$411K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9920	−0.033%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9954	+0.080%	$84K	$49K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0052%	1h	2.9927	−0.010%	$5.9M	$6.0M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9912	−0.060%	$68K	$34K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.234%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.100%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9940	+0.033%	$1.5M	$100K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NG-USD-PERP	+0.0112%	8h	2.9939	+0.031%	$5K	—	5x	as long as short
QFEX NATGAS-USD	+0.0160%	1h	2.9930	0.000%	$656K	$86K	20x	as long as short
KuCoin NATGASUSDTM	+0.0180%	4h	2.9930	0.000%	$1.0M	$1.2M	20x	as long as short
HTX NATGAS-USDT	+0.0193%	4h	2.9958	+0.094%	$98K	$215K	75x	as long as short
Gate NG_USDT	+0.0225%	8h	2.9960	+0.100%	$1.5M	$307K	100x	as long as short
Extended XNG-USD	+0.0256%	1h	2.9907	−0.077%	$110K	$471K	5x	as long as short
OKX NG-USDT-SWAPlong	+0.0307%	8h	2.9930	long leg	$856K	$1.7M	50x
BloFin NG-USDT	+0.0327%	8h	2.9940	+0.033%	$80K	$189K	20x	as long as short
GRVT NATGAS_USDT_Perp	+0.0332%	4h	2.9930	0.000%	$13K	$246K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9945	+0.050%	$93K	—	45x	as long as short
Kraken Futures PF_NATGASUSD	+0.0515%	1h	2.9953	+0.078%	$52K	$44K	20x	as long as short
Aster NATGASUSDTshort	+0.0518%	4h	2.9936	+0.020%	$265K	$105K	50x
Variational Omni NATGAS	+0.0534%	4h	2.9931	+0.004%	$311K	$446K	—	as long as short
Binance NATGASUSDT	+0.0599%	4h	2.9944	+0.046%	$10.1M	$30.9M	100x	as long as short
edgeX NATGASUSDC	+0.0637%	4h	2.9932	+0.007%	$85K	$213K	20x	as long as short
Bitget NATGASUSDT	+0.0796%	4h	2.9910	−0.067%	$10.0M	$4.0M	100x	as long as short