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−0.0013%/8h= −1.4% APRnext payment $0.06 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Aster0.000%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1151.147% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.120%+$12 on $10k
Price spread, last 4 days (all we have)−0.113%−$11 · spread now 0.000%, 7d avg −0.058%
Together, before fees+0.006%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.058% dearer against Aster than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.058%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days. Mind the row above: over the last 7 days funding on this pair paid +0.120%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT3.00300.0113pay 0.0056% / 4h2h 59m$266K$73K50x
ShortKuCoin NATGASUSDTM3.00300.0100get 0.0050% / 4h2h 59m$1.0M$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$2.7
Price spread: 0.000% → −0.058%
$5.77
Slippage, 4 orders
−$94.74
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$111.66
Costs to cover
1.147%
Break-even
never at this rate
Slippage from Aster: live order book, 7 min ago; KuCoin: live order book, 5 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, 7 min ago6.66 bp61.8 bp −$62doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago1.66 bp19.9 bp −$20doesn't fitdoesn'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%1h2.8396−5.441%as long as short
SunX NATGAS-USDT0.0000%4h3.0062+0.107%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.00300.000%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0037+0.023%$617K$423K10xas long as short
Extended XNG-USD+0.0032%1h3.0025−0.017%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.00300.000%$37810xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0021−0.030%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0029−0.003%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.057%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0037+0.023%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0028−0.005%$68K$33K10xas long as short
KuCoin NATGASUSDTMshort+0.0100%4h3.00300.000%$1.0M$1.1M20x
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.100%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.100%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.00300.000%$1.5M$94K10xas long as short
Aster NATGASUSDTlong+0.0113%4h3.0030long leg$266K$73K50x
HTX NATGAS-USDT+0.0209%4h3.0063+0.110%$98K$211K75xas long as short
Variational Omni NATGAS+0.0215%4h3.0030−0.001%$312K$443Kas long as short
BloFin NG-USDT+0.0255%8h2.9990−0.133%$81K$189K20xas long as short
OKX NG-USDT-SWAP+0.0274%8h3.0020−0.033%$864K$1.7M50xas long as short
Binance NATGASUSDT+0.0298%4h3.0040+0.033%$10.1M$29.2M100xas long as short
edgeX NATGASUSDC+0.0304%4h3.00300.000%$85K$213K20xas long as short
GRVT NATGAS_USDT_Perp+0.0338%4h3.0024−0.021%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0050+0.067%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0415% / S −0.0351%1h3.0045+0.050%$92K45xas long as short
Bitget NATGASUSDT+0.0436%4h3.0020−0.033%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0055+0.083%$52K$36K20xas long as short