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+0.0145%/8h= +15.9% APRpaid last 24h +0.019%
Price spread now: BloFin against Aster−0.109%72s7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1011.009% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.283%+$28 on $10k
Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.109%, 7d avg −0.049%
Together, before fees+0.353%+ Points / potential airdropAster: Stage 5 · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.061% cheaper against Aster than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.049%). If the spread goes back, that is −$6 on $10k: about 33 hours of funding at the current rate (+$4 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT3.00230.0119pay 0.0060% / 4h2h 56m$266K$73K50x
ShortBloFin NG-USDT2.99900.0264get 0.0264% / 8h6h 56m$81K$189K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Aster. 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
$30.41
Price spread: −0.109% → −0.049%
−$6.06
Slippage, 4 orders
−$80.87
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$76.51
Costs to cover
1.009%
Break-even
24.6 days
Slippage from Aster: live order book, 11 min ago; BloFin: live order book, 3 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 Aster live order book, 11 min ago6.66 bp61.8 bp −$62doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago1.67 bp7.7 bp −$810.5 bp −$10562.6 bp −$6,258doesn'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%1h2.8365−5.522%as long as short
SunX NATGAS-USDT0.0000%4h3.0031+0.027%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0020−0.010%$659K$86K20xas long as short
Extended XNG-USD+0.0032%1h2.9985−0.126%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.0010−0.043%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9991−0.106%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.080%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0026+0.009%$5K5xas long as short
Lighter NATGAS+0.0072%1h3.0007−0.053%$617K$443K10xas long as short
Pacifica NATGAS+0.0100%1h3.0014−0.028%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NATGASUSDTM+0.0100%4h3.0000−0.076%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.076%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.076%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020−0.010%$1.5M$94K10xas long as short
Aster NATGASUSDTlong+0.0119%4h3.0023long leg$266K$73K50x
Hotstuff NATGAS-PERP+0.0128%1h3.0007−0.053%$35K20xas long as short
HTX NATGAS-USDT+0.0200%4h3.0031+0.027%$98K$211K75xas long as short
Variational Omni NATGAS+0.0229%4h3.0010−0.042%$312K$443Kas long as short
BloFin NG-USDTshort+0.0264%8h2.9990−0.109%$81K$189K20x
OKX NG-USDT-SWAP+0.0282%8h3.0010−0.043%$865K$1.7M50xas long as short
edgeX NATGASUSDC+0.0300%4h3.0034+0.036%$85K$213K20xas long as short
Binance NATGASUSDT+0.0305%4h3.0013−0.033%$10.1M$29.2M100xas long as short
GRVT NATGAS_USDT_Perp+0.0336%4h3.0020−0.010%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0030+0.024%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0416% / S −0.0352%1h3.0015−0.026%$92K45xas long as short
Bitget NATGASUSDT+0.0458%4h3.0000−0.076%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0027+0.014%$52K$36K20xas long as short