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+0.0268%/8h= +29.3% APRpaid last 24h +0.042%
Price spread now: KuCoin against Orderly+0.133%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 +$8 a day on $10k at the current rate, and KuCoin is 0.133% dearer against Orderly than usual: you sell high and buy low: +$13 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% / 8h4h 36m$3K$54410x
ShortKuCoin NATGASUSDTM3.00400.0368get 0.0184% / 4h36m 26s$1.1M$1.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$56.28
Price spread: +0.133% → 0.000%
$13.33
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$51.61
Costs to cover
0.180%
Break-even
0.6 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago1.66 bp22.1 bp −$22558.5 bp −$5,585doesn'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 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%4h3.0072+0.240%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0022%1h3.0040+0.133%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0050+0.167%$619K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0037+0.122%$110K$434K5xas long as short
Hotstuff NATGAS-PERP+0.0040%1h3.0050+0.167%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.167%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0080+0.267%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0056%8h3.0056+0.186%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0045+0.150%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$216K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythoslong+0.0100%8h3.0000long leg$3K$54410x
Phemex NGUSDT+0.0100%4h3.0050+0.167%$1.5M$94K10xas long as short
tradeXYZ xyz:NATGAS+0.0110%1h3.0051+0.170%$6.0M$5.9M10xas long as short
HTX NATGAS-USDT+0.0214%4h3.0073+0.243%$105K$212K75xas long as short
GRVT NATGAS_USDT_Perp+0.0344%4h3.0050+0.167%$25K$227K25xas long as short
KuCoin NATGASUSDTMshort+0.0368%4h3.0040+0.133%$1.1M$1.0M20x
Aster NATGASUSDT+0.0406%4h3.0041+0.138%$266K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0449% / S −0.0388%1h3.0055+0.183%$92K45xas long as short
Gate NG_USDT+0.0455%8h3.0080+0.267%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0466%8h3.0050+0.167%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0485%8h3.0050+0.167%$855K$1.7M50xas long as short
Variational Omni NATGAS+0.0594%4h3.0059+0.198%$312K$444Kas long as short
edgeX NATGASUSDC+0.0618%4h3.0060+0.199%$85K$212K20xas long as short
Binance NATGASUSDT+0.0622%4h3.0050+0.167%$10.2M$28.6M100xas long as short
Kraken Futures PF_NATGASUSD+0.0993%1h3.0065+0.216%$54K$34K20xas long as short
Bitget NATGASUSDT+0.1002%4h3.0020+0.067%$9.9M$3.3M100xas long as short