Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0344%/8h= +37.6% APRpaid last 24h +0.064%

Price spread now: Aster against Ondo Perps−0.017%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NATGAS-USD.P	3.0049	0.0050	pay 0.0006% / 1h	25m 00s	$82K	$26K	10x
Short	Aster NATGASUSDT	3.0044	0.0394	get 0.0197% / 4h	3h 25m	$264K	$74K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now −0.017%Rate

Funding earned: $72.2
Price spread: −0.017% → 0.000%: −$1.74
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $57.46
Costs to cover: 0.130%
Break-even: 1.4 days

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 27 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 27 min ago	6.65 bp	16.9 bp −$17	18.8 bp −$188	doesn't fit	doesn't fit

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 27 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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8410	−5.454%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0052	+0.010%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0030	−0.063%	$669K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0017	−0.106%	$627K	$502K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	−0.130%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.Plong	+0.0050%	1h	3.0049	long leg	$82K	$26K	10x
Paradex NG-USD-PERP	+0.0060%	8h	3.0052	+0.010%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0086%	1h	3.0020	−0.097%	$6.0M	$5.7M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0007	−0.140%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.163%	$37K	$218K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.163%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	−0.063%	$1.5M	$93K	10x	as long as short
Extended XNG-USD	+0.0104%	1h	3.0008	−0.137%	$110K	$375K	5x	as long as short
Hotstuff NATGAS-PERP	+0.0112%	1h	3.0026	−0.077%	$35K	—	20x	as long as short
KuCoin NATGASUSDTM	+0.0346%	4h	3.0020	−0.097%	$1.0M	$995K	20x	as long as short
Aster NATGASUSDTshort	+0.0394%	4h	3.0044	−0.017%	$264K	$74K	50x
GMX NATGAS/USD [ETH-USDC]	L +0.0483% / S −0.0426%	1h	3.0035	−0.047%	$92K	—	45x	as long as short
GRVT NATGAS_USDT_Perp	+0.0492%	4h	3.0020	−0.098%	$13K	$222K	25x	as long as short
HTX NATGAS-USDT	+0.0497%	4h	3.0056	+0.023%	$107K	$212K	75x	as long as short
Gate NG_USDT	+0.0540%	8h	3.0060	+0.037%	$1.5M	$192K	100x	as long as short
OKX NG-USDT-SWAP	+0.0579%	8h	3.0020	−0.097%	$866K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0586%	8h	3.0030	−0.063%	$82K	$195K	20x	as long as short
Variational Omni NATGAS	+0.0605%	4h	3.0019	−0.098%	$316K	$439K	—	as long as short
edgeX NATGASUSDC	+0.0619%	4h	3.0029	−0.065%	$85K	$212K	20x	as long as short
Binance NATGASUSDT	+0.0626%	4h	3.0030	−0.063%	$10.2M	$28.3M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0855%	1h	3.0046	−0.010%	$56K	$35K	20x	as long as short
Bitget NATGASUSDT	+0.0996%	4h	3.0000	−0.163%	$9.9M	$3.2M	100x	as long as short