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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.053%
Price spread now: Extended against Aster+0.021%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$900.902% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.021%, 7d avg −0.023%
Together, before fees−0.004%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.043% dearer against Aster than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.023%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT2.99600.0044pay 0.0022% / 4h3h 47m$265K$73K50x
ShortExtended XNG-USD2.99660.0032get 0.0004% / 1h47m 18s$110K$451K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$2.48
Price spread: +0.021% → −0.023%
$4.34
Slippage, 4 orders
−$77.25
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$88.39
Costs to cover
0.902%
Break-even
never at this rate
Slippage from Aster: live order book, 24 min ago; Extended: live order book, 25 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, 24 min ago5.00 bp67.3 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 25 min ago0.17 bp3.3 bp −$37.1 bp −$71doesn'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%1h2.8340−5.407%as long as short
SunX NATGAS-USDT0.0000%4h3.0001+0.137%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h2.9970+0.033%$658K$85K20xas long as short
Lighter NATGAS+0.0032%1h2.9999+0.130%$617K$412K10xas long as short
Extended XNG-USDshort+0.0032%1h2.9966+0.021%$110K$451K5x
Hotstuff NATGAS-PERP+0.0032%1h2.9975+0.050%$35K20xas long as short
Aster NATGASUSDTlong+0.0044%4h2.9960long leg$265K$73K50x
Vest NG-PERP+0.0046%1h2.9970+0.033%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9973+0.043%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0001+0.137%$84K$36K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0058%8h2.9992+0.106%$5K5xas long as short
Variational Omni NATGAS+0.0074%4h2.9980+0.068%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9979+0.064%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9970+0.033%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.200%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.134%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9980+0.067%$1.5M$95K10xas long as short
BloFin NG-USDT+0.0149%8h2.9980+0.067%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0162%8h2.9970+0.033%$857K$1.7M50xas long as short
Binance NATGASUSDT+0.0192%4h2.9990+0.100%$10.1M$29.5M100xas long as short
edgeX NATGASUSDC+0.0194%4h2.9980+0.068%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0232%4h2.99600.000%$10.0M$3.5M100xas long as short
HTX NATGAS-USDT+0.0281%4h3.0004+0.147%$98K$210K75xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9985+0.083%$93K45xas long as short
GRVT NATGAS_USDT_Perp+0.0418%4h2.9970+0.033%$25K$214K25xas long as short
Gate NG_USDT+0.0468%8h3.0000+0.134%$1.5M$254K100xas long as short
Kraken Futures PF_NATGASUSD+0.1002%1h2.9990+0.100%$52K$39K20xas long as short