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+0.0144%/8h= +15.8% APRpaid last 24h +0.027%
Price spread now: edgeX against OKX−0.046%71s7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$770.767% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.081%−$8 on $10k
Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.046%, 7d avg +0.042%
Together, before fees−0.048%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.088% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.042%). If the spread goes back, that is −$9 on $10k: about 2.0 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NG-USDT-SWAP3.00400.0478pay 0.0478% / 8h4h 38m$855K$1.7M50x
ShortedgeX NATGASUSDC3.00260.0622get 0.0311% / 4h38m 23s$85K$211K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$30.23
Price spread: −0.046% → +0.042%
−$8.76
Slippage, 4 orders
−$57.68
Fee OKX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$55.2
Costs to cover
0.767%
Break-even
19.8 days
Slippage from OKX: live order book, 3 min ago; edgeX: live order book, 19 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 OKX live order book, 3 min ago1.66 bp10.8 bp −$1122.5 bp −$225doesn't fitdoesn't fit
Sell edgeX live order book, 19 min ago13.34 bp21.1 bp −$2128.0 bp −$280doesn'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%1h2.8456−5.273%as long as short
SunX NATGAS-USDT0.0000%4h3.0082+0.140%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0022%1h3.0050+0.033%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0052+0.040%$619K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0037−0.011%$110K$436K5xas long as short
Hotstuff NATGAS-PERP+0.0032%1h3.0059+0.063%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.033%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0080+0.133%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0056%8h3.0066+0.086%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0046+0.020%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.200%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.133%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0050+0.033%$1.5M$94K10xas long as short
tradeXYZ xyz:NATGAS+0.0102%1h3.0059+0.063%$6.0M$5.9M10xas long as short
HTX NATGAS-USDT+0.0212%4h3.0065+0.083%$105K$212K75xas long as short
GRVT NATGAS_USDT_Perp+0.0344%4h3.0050+0.033%$25K$227K25xas long as short
KuCoin NATGASUSDTM+0.0364%4h3.0050+0.033%$1.1M$1.0M20xas long as short
Aster NATGASUSDT+0.0405%4h3.0048+0.028%$266K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0448% / S −0.0387%1h3.0065+0.083%$92K45xas long as short
Gate NG_USDT+0.0456%8h3.0080+0.133%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0463%8h3.0060+0.067%$81K$189K20xas long as short
OKX NG-USDT-SWAPlong+0.0478%8h3.0040long leg$855K$1.7M50x
Variational Omni NATGAS+0.0594%4h3.0059+0.065%$312K$444Kas long as short
Binance NATGASUSDT+0.0620%4h3.0051+0.038%$10.2M$28.7M100xas long as short
edgeX NATGASUSDCshort+0.0622%4h3.0026−0.046%$85K$211K20x
Kraken Futures PF_NATGASUSD+0.0993%1h3.0071+0.104%$54K$34K20xas long as short
Bitget NATGASUSDT+0.0998%4h3.0030−0.033%$9.9M$3.3M100xas long as short