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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.042%
Price spread now: Aster against ApeX Omni+0.076%89s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1841.843% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.076%, 7d avg +0.013%
Together, before fees−0.117%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.063% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT3.00000.0100pay 0.0013% / 1h56m 10s$37K$217K50x
ShortAster NATGASUSDT3.00230.0119get 0.0060% / 4h2h 56m$266K$73K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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
$4.06
Price spread: +0.076% → +0.013%
$6.32
Slippage, 4 orders
−$166.34
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$173.96
Costs to cover
1.843%
Break-even
307.1 days
Slippage from ApeX Omni: live order book, 10 min ago; Aster: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 10 min ago16.64 bp52.4 bp −$52270.6 bp −$2,706doesn't fitdoesn't fit
Sell Aster live order book, 11 min ago6.66 bp13.8 bp −$1416.0 bp −$160doesn't fitdoesn'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%1h2.8365−5.450%as long as short
SunX NATGAS-USDT0.0000%4h3.0031+0.103%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0020+0.067%$659K$86K20xas long as short
Extended XNG-USD+0.0032%1h2.9985−0.050%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.0010+0.033%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9991−0.030%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.157%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0026+0.085%$5K5xas long as short
Lighter NATGAS+0.0072%1h3.0007+0.023%$617K$443K10xas long as short
Pacifica NATGAS+0.0100%1h3.0014+0.048%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NATGASUSDTM+0.0100%4h3.00000.000%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDTlong+0.0100%1h3.0000long leg$37K$217K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.067%$1.5M$94K10xas long as short
Aster NATGASUSDTshort+0.0119%4h3.0023+0.076%$266K$73K50x
Hotstuff NATGAS-PERP+0.0128%1h3.0007+0.023%$35K20xas long as short
HTX NATGAS-USDT+0.0200%4h3.0031+0.103%$98K$211K75xas long as short
Variational Omni NATGAS+0.0229%4h3.0010+0.034%$312K$443Kas long as short
BloFin NG-USDT+0.0264%8h2.9990−0.033%$81K$189K20xas long as short
OKX NG-USDT-SWAP+0.0282%8h3.0010+0.033%$865K$1.7M50xas long as short
edgeX NATGASUSDC+0.0300%4h3.0034+0.112%$85K$213K20xas long as short
Binance NATGASUSDT+0.0305%4h3.0013+0.043%$10.1M$29.2M100xas long as short
GRVT NATGAS_USDT_Perp+0.0336%4h3.0020+0.067%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0030+0.100%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0416% / S −0.0352%1h3.0015+0.050%$92K45xas long as short
Bitget NATGASUSDT+0.0458%4h3.00000.000%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0027+0.090%$52K$36K20xas long as short