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+0.0219%/8h= +23.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.026%
Price spread now: Variational Omni against Aster−0.013%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.042%+$4 on $10k
Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.013%, 7d avg −0.010%
Together, before fees+0.039%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.042% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT3.00840.0292pay 0.0146% / 4h1h 42m$265K$70K50x
ShortVariational Omni NATGAS3.00800.0511get 0.0255% / 4h1h 42m$318K$432K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$45.92
Price spread: −0.013% → −0.010%
−$0.29
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$37.63
Costs to cover
0.080%
Break-even
1.3 days
Slippage unknown: Aster: live order book, 65 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 65 min ago4.99 bp76.2 bp −$76doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago4.49 bpdoesn't fit7.1 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%1h2.8444−5.450%as long as short
SunX NATGAS-USDT0.0000%4h3.0082−0.005%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0050−0.112%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0064−0.065%$629K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0052−0.105%$111K$332K5xas long as short
HTX NATGAS-USDT+0.0033%4h3.0072−0.039%$107K$207K75xas long as short
Vest NG-PERP+0.0046%1h3.0060−0.079%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0083−0.002%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0057%8h3.0079−0.016%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0072%1h3.0062−0.072%$6.0M$5.5M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0040−0.146%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.278%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0100+0.054%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060−0.079%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0126%4h3.0080−0.013%$22K$210K25xas long as short
Hotstuff NATGAS-PERP+0.0272%1h3.0073−0.035%$35K20xas long as short
KuCoin NATGASUSDTM+0.0282%4h3.0050−0.112%$1.0M$930K20xas long as short
Aster NATGASUSDTlong+0.0292%4h3.0084long leg$265K$70K50x
Variational Omni NATGASshort+0.0511%4h3.0080−0.013%$318K$432K
Binance NATGASUSDT+0.0534%4h3.0060−0.079%$10.3M$28.6M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0545% / S −0.0549%1h3.0065−0.062%$88K45xas long as short
edgeX NATGASUSDC+0.0549%4h3.0058−0.084%$85K$213K20xas long as short
Gate NG_USDT+0.0633%8h3.0080−0.012%$1.5M$196K100xas long as short
BloFin NG-USDT+0.0634%8h3.0070−0.045%$82K$195K20xas long as short
OKX NG-USDT-SWAP+0.0649%8h3.0060−0.079%$872K$1.8M50xas long as short
Bitget NATGASUSDT+0.0960%4h3.0030−0.178%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0987%1h3.0078−0.018%$56K$35K20xas long as short