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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.005%
Price spread now: OKX against Aster−0.033%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$800.797% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.269%+$27 on $10k
Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.033%, 7d avg −0.050%
Together, before fees+0.263%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT3.00600.0432pay 0.0216% / 4h3h 05m$264K$74K50x
ShortOKX NG-USDT-SWAP3.00500.0611get 0.0611% / 8h3h 05m$867K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$37.58
Price spread: −0.033% → −0.050%
$1.72
Slippage, 4 orders
−$61.68
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$40.39
Costs to cover
0.797%
Break-even
14.5 days
Slippage from Aster: live order book, 46 min ago; OKX: live order book, 2 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, 46 min ago6.65 bp41.8 bp −$42238.1 bp −$2,381doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago1.66 bp10.0 bp −$1017.0 bp −$170doesn't fitdoesn't fit

NATGAS on 26 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
SunX NATGAS-USDT0.0000%4h3.0072+0.040%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0040−0.067%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0044−0.053%$629K$503K10xas long as short
Hotstuff NATGAS-PERP+0.0032%1h3.0047−0.043%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0050−0.033%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0080+0.067%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0095%1h3.0050−0.033%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0097%8h3.0061+0.003%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0040−0.067%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.200%$37K$218K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.200%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0050−0.033%$1.5M$93K10xas long as short
Extended XNG-USD+0.0216%1h3.0038−0.072%$110K$364K5xas long as short
KuCoin NATGASUSDTM+0.0364%4h3.0040−0.067%$1.0M$982K20xas long as short
Aster NATGASUSDTlong+0.0432%4h3.0060long leg$264K$74K50x
GRVT NATGAS_USDT_Perp+0.0448%4h3.0050−0.033%$13K$223K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0497% / S −0.0441%1h3.0055−0.017%$92K45xas long as short
HTX NATGAS-USDT+0.0506%4h3.0073+0.043%$107K$212K75xas long as short
Gate NG_USDT+0.0556%8h3.0090+0.100%$1.5M$193K100xas long as short
BloFin NG-USDT+0.0603%8h3.00600.000%$81K$195K20xas long as short
OKX NG-USDT-SWAPshort+0.0611%8h3.0050−0.033%$867K$1.7M50x
Variational Omni NATGAS+0.0642%4h3.0060−0.001%$317K$449Kas long as short
Binance NATGASUSDT+0.0666%4h3.0050−0.033%$10.3M$28.2M100xas long as short
edgeX NATGASUSDC+0.0676%4h3.0070+0.032%$85K$212K20xas long as short
Kraken Futures PF_NATGASUSD+0.0855%1h3.0067+0.023%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1038%4h3.0030−0.100%$9.9M$3.2M100xas long as short