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+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h +0.016%
Price spread now: Ondo Perps against QFEX+0.037%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.037% dearer against QFEX 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NATGAS-USD3.00400.0022pay 0.0003% / 1h13m 28s$669K$91K20x
ShortOndo Perps NATGAS-USD.P3.00510.0050get 0.0006% / 1h13m 28s$83K$26K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against QFEX. 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
$6.06
Price spread: +0.037% → 0.000%
$3.66
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$5.27
Costs to cover
0.150%
Break-even
13.1 days
Slippage unknown: QFEX: live order book, 21 min ago; Ondo Perps: no order-book sample. 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 QFEX live order book, 21 min ago3.33 bp8.3 bp −$88.3 bp −$8312.1 bp −$1,210doesn't fit
Sell Ondo Perps no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8466−5.240%as long as short
SunX NATGAS-USDT0.0000%4h3.0072+0.107%$2K$2.4M20xas long as short
QFEX NATGAS-USDlong+0.0022%1h3.0040long leg$669K$91K20x
Lighter NATGAS+0.0032%1h3.0055+0.050%$619K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0035−0.016%$110K$407K5xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.033%$14K10xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0051+0.037%$35K20xas long as short
Ondo Perps NATGAS-USD.Pshort+0.0050%1h3.0051+0.037%$83K$26K10x
Paradex NG-USD-PERP+0.0054%8h3.0060+0.067%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0079%1h3.0041+0.003%$6.0M$5.8M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0033−0.023%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.133%$37K$215K50xas 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
HTX NATGAS-USDT+0.0170%4h3.0080+0.133%$105K$211K75xas long as short
GRVT NATGAS_USDT_Perp+0.0318%4h3.0058+0.060%$25K$227K25xas long as short
KuCoin NATGASUSDTM+0.0328%4h3.0030−0.033%$1.0M$1.0M20xas long as short
Aster NATGASUSDT+0.0384%4h3.0039−0.002%$266K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0458% / S −0.0398%1h3.0045+0.017%$92K45xas long as short
Gate NG_USDT+0.0489%8h3.0080+0.133%$1.5M$194K100xas long as short
BloFin NG-USDT+0.0505%8h3.0070+0.100%$81K$192K20xas long as short
OKX NG-USDT-SWAP+0.0508%8h3.0050+0.033%$860K$1.7M50xas long as short
Variational Omni NATGAS+0.0587%4h3.0050+0.032%$317K$449Kas long as short
Binance NATGASUSDT+0.0601%4h3.00400.000%$10.2M$28.5M100xas long as short
edgeX NATGASUSDC+0.0622%4h3.0050+0.034%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0974%4h3.0010−0.100%$9.9M$3.3M100xas long as short
Kraken Futures PF_NATGASUSD+0.0993%1h3.0065+0.083%$54K$33K20xas long as short