Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0293%/8h= +32.1% APRnext payment +$2.93 per $10,000 · paid last 24h +0.073%
Price spread now: Gate against Orderly+0.167%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.167% dearer against Orderly than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NATGAS_USDC_mythos3.00000.0100pay 0.0100% / 8h6h 43m$3K$54410x
ShortGate NG_USDT3.00500.0393get 0.0393% / 8h6h 43m$1.5M$218K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Orderly. 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
$61.53
Price spread: +0.167% → 0.000%
$16.67
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$57.2
Costs to cover
0.210%
Break-even
0.5 days
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 4 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 Orderly no order-book sample
Sell Gate live order book, 4 min ago1.66 bp16.4 bp −$1643.8 bp −$438doesn't fitdoesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8394−5.353%as long as short
SunX NATGAS-USDT0.0000%4h3.0052+0.173%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0030+0.100%$659K$86K20xas long as short
Extended XNG-USD+0.0032%1h3.0016+0.054%$110K$450K5xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.100%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0021+0.070%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0048+0.160%$84K$27K10xas long as short
Paradex NG-USD-PERP+0.0058%8h3.0039+0.129%$5K5xas long as short
Lighter NATGAS+0.0096%1h3.0039+0.130%$618K$444K10xas long as short
Pacifica NATGAS+0.0100%1h3.0029+0.097%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NATGASUSDTM+0.0100%4h3.0020+0.067%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythoslong+0.0100%8h3.0000long leg$3K$54410x
Phemex NGUSDT+0.0100%4h3.0040+0.133%$1.5M$94K10xas long as short
Hotstuff NATGAS-PERP+0.0136%1h3.0029+0.097%$35K20xas long as short
Aster NATGASUSDT+0.0152%4h3.0030+0.100%$266K$73K50xas long as short
HTX NATGAS-USDT+0.0243%4h3.0049+0.163%$98K$212K75xas long as short
Variational Omni NATGAS+0.0267%4h3.0030+0.101%$312K$443Kas long as short
BloFin NG-USDT+0.0307%8h2.9980−0.067%$81K$188K20xas long as short
OKX NG-USDT-SWAP+0.0312%8h3.0030+0.100%$868K$1.7M50xas long as short
Binance NATGASUSDT+0.0348%4h3.0035+0.118%$10.1M$29.1M100xas long as short
edgeX NATGASUSDC+0.0349%4h3.0019+0.065%$85K$213K20xas long as short
GRVT NATGAS_USDT_Perp+0.0390%4h3.0022+0.075%$12K$214K25xas long as short
Gate NG_USDTshort+0.0393%8h3.0050+0.167%$1.5M$218K100x
GMX NATGAS/USD [ETH-USDC]L +0.0418% / S −0.0354%1h3.0035+0.117%$92K45xas long as short
Bitget NATGASUSDT+0.0554%4h3.0010+0.033%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0057+0.189%$54K$37K20xas long as short