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+0.0346%/8h= +37.8% APRpaid last 24h +0.106%
Price spread now: edgeX against Ondo Perps+0.038%7-day average · you sell dearer than you buy
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 7 days+0.142%+$14 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 0.038% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.142% in total (about 7.4% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps NATGAS-USD.P2.99200.0050pay 0.0006% / 1h41m 00s$84K$43K10x
ShortedgeX NATGASUSDC2.99310.0396get 0.0198% / 4h41m 00s$85K$213K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$72.57
Price spread: +0.038% → 0.000%
$3.76
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$62.33
Costs to cover
0.140%
Break-even
1.0 days
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 36 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 Ondo Perps no order-book sample
Sell edgeX live order book, 36 min ago13.37 bp21.1 bp −$2128.3 bp −$283doesn't fitdoesn'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 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
SunX NATGAS-USDT0.0000%4h2.9951+0.104%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9955+0.117%$98K$214K75xas long as short
QFEX NATGAS-USD+0.0030%1h2.99200.000%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9946+0.087%$619K$416K10xas long as short
Vest NG-PERP+0.0046%1h2.9930+0.033%$37810xas long as short
Hotstuff NATGAS-PERP+0.0048%1h2.9928+0.027%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9928+0.027%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.Plong+0.0050%1h2.9920long leg$84K$43K10x
Paradex NG-USD-PERP+0.0079%8h2.9932+0.040%$5K5xas long as short
GRVT NATGAS_USDT_Perp+0.0092%4h2.9930+0.032%$13K$238K25xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9927+0.022%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9930+0.033%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.067%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h2.9900−0.067%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9940+0.067%$1.5M$98K10xas long as short
Extended XNG-USD+0.0136%1h2.9921+0.005%$110K$471K5xas long as short
Gate NG_USDT+0.0195%8h2.9960+0.134%$1.5M$284K100xas long as short
OKX NG-USDT-SWAP+0.0207%8h2.9930+0.033%$857K$1.7M50xas long as short
BloFin NG-USDT+0.0228%8h2.9930+0.033%$80K$189K20xas long as short
Aster NATGASUSDT+0.0239%4h2.9945+0.082%$265K$105K50xas long as short
Variational Omni NATGAS+0.0298%4h2.9931+0.038%$311K$443Kas long as short
Binance NATGASUSDT+0.0353%4h2.9938+0.060%$10.1M$30.3M100xas long as short
edgeX NATGASUSDCshort+0.0396%4h2.9931+0.038%$85K$213K20x
GMX NATGAS/USD [ETH-USDC]L +0.0405% / S −0.0333%1h2.9935+0.050%$93K45xas long as short
Bitget NATGASUSDT+0.0456%4h2.9900−0.067%$10.0M$3.9M100xas long as short
Kraken Futures PF_NATGASUSD+0.1218%1h2.9949+0.098%$52K$39K20xas long as short