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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0486%/8h= +53.2% APRpaid last 24h +0.084%
Price spread now: Variational Omni against Vest+0.029%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Variational Omni is 0.029% dearer against Vest than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest NG-PERP3.00100.0046pay 0.0006% / 1h30m 37s$37810x
ShortVariational Omni NATGAS3.00190.0532get 0.0266% / 4h1h 30m$311K$444K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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
$102.04
Price spread: +0.029% → 0.000%
$2.95
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$102.99
Costs to cover
0.020%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 33 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 Vest no order-book sample
Sell Variational Omni RFQ quote, 33 min ago4.50 bpdoesn't fit11.4 bp −$114doesn't fitdoesn't fit
Vest: 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%1h2.8445−5.215%as long as short
SunX NATGAS-USDT0.0000%4h3.0041+0.103%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.00100.000%$658K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0025+0.050%$619K$494K10xas long as short
Vest NG-PERPlong+0.0046%1h3.0010long leg$37810x
Ondo Perps NATGAS-USD.P+0.0050%1h2.9996−0.047%$82K$26K10xas long as short
Extended XNG-USD+0.0056%1h3.0003−0.023%$110K$444K5xas long as short
Paradex NG-USD-PERP+0.0064%8h3.0029+0.063%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0096%1h3.0011+0.003%$35K20xas long as short
Pacifica NATGAS+0.0100%1h3.0020+0.034%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.033%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.033%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030+0.067%$1.5M$95K10xas long as short
tradeXYZ xyz:NATGAS+0.0105%1h3.0011+0.003%$6.0M$5.9M10xas long as short
HTX NATGAS-USDT+0.0238%4h3.0040+0.100%$101K$214K75xas long as short
KuCoin NATGASUSDTM+0.0338%4h3.0020+0.033%$1.0M$1.1M20xas long as short
Aster NATGASUSDT+0.0352%4h3.0014+0.012%$265K$73K50xas long as short
GRVT NATGAS_USDT_Perp+0.0390%4h3.0017+0.022%$12K$214K25xas long as short
BloFin NG-USDT+0.0415%8h2.9990−0.067%$81K$188K20xas long as short
OKX NG-USDT-SWAP+0.0420%8h3.0020+0.033%$854K$1.7M50xas long as short
Gate NG_USDT+0.0430%8h3.0060+0.167%$1.5M$209K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0433% / S −0.0371%1h3.0025+0.050%$92K45xas long as short
Variational Omni NATGASshort+0.0532%4h3.0019+0.029%$311K$444K
edgeX NATGASUSDC+0.0563%4h3.0011+0.004%$85K$213K20xas long as short
Binance NATGASUSDT+0.0569%4h3.0028+0.059%$10.2M$29.0M100xas long as short
Bitget NATGASUSDT+0.0940%4h3.0000−0.033%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1109%1h3.0035+0.085%$54K$36K20xas long as short