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+0.1038%/8h= +113.7% APRnext payment +$5.19 per $10,000 · paid last 24h +0.243%
Price spread now: Bitget against SunX−0.106%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs+$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$700.695% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.186%+$119 on $10k
Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.106%, 7d avg −0.109%
Together, before fees+1.187%+$119 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.109%, so right now this pair is about funding alone: +$31 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NATGAS-USDT3.00620get 0.0000% / 4h2h 53m$2K$2.4M20x
ShortBitget NATGASUSDT3.00300.1038get 0.0519% / 4h2h 53m$9.9M$3.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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
$217.98
Price spread: −0.106% → −0.109%
$0.25
Slippage, 4 orders
−$49.51
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
$148.73
Costs to cover
0.695%
Break-even
2.2 days
Slippage from SunX: live order book, 4 min ago; Bitget: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago15.14 bp19.5 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, just now1.66 bp10.2 bp −$1017.9 bp −$17961.4 bp −$6,144doesn't fit

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%1h2.8429−5.432%as long as short
SunX NATGAS-USDTlong0.0000%4h3.0062long leg$2K$2.4M20x
Lighter NATGAS+0.0032%1h3.0043−0.063%$629K$503K10xas long as short
QFEX NATGAS-USD+0.0033%1h3.0030−0.106%$659K$96K20xas long as short
Vest NG-PERP+0.0046%1h3.0030−0.106%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0029−0.110%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0086%8h3.0051−0.037%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0024−0.126%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.206%$37K$219K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.206%$3K$54410xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex NGUSDT+0.0100%4h3.0050−0.040%$1.5M$93K10xas long as short
Extended XNG-USD+0.0144%1h3.0036−0.087%$110K$364K5xas long as short
Hotstuff NATGAS-PERP+0.0160%1h3.0041−0.070%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0169%1h3.0046−0.053%$6.0M$5.6M10xas long as short
KuCoin NATGASUSDTM+0.0374%4h3.0040−0.073%$1.0M$979K20xas long as short
GRVT NATGAS_USDT_Perp+0.0426%4h3.0035−0.091%$13K$223K25xas long as short
Aster NATGASUSDT+0.0437%4h3.0060−0.007%$264K$74K50xas long as short
HTX NATGAS-USDT+0.0437%4h3.0068+0.020%$107K$212K75xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0501% / S −0.0446%1h3.0055−0.023%$92K45xas long as short
Gate NG_USDT+0.0567%8h3.0090+0.093%$1.5M$192K100xas long as short
OKX NG-USDT-SWAP+0.0631%8h3.0050−0.040%$868K$1.7M50xas long as short
BloFin NG-USDT+0.0639%8h3.0030−0.106%$82K$195K20xas long as short
Variational Omni NATGAS+0.0640%4h3.0040−0.074%$317K$449Kas long as short
Binance NATGASUSDT+0.0670%4h3.0050−0.040%$10.3M$28.2M100xas long as short
edgeX NATGASUSDC+0.0686%4h3.0051−0.037%$85K$212K20xas long as short
Bitget NATGASUSDTshort+0.1038%4h3.0030−0.106%$9.9M$3.2M100x
Kraken Futures PF_NATGASUSD+0.1181%1h3.0071+0.032%$56K$35K20xas long as short