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−0.0319%/8h= −34.9% APRnext payment $1.59 per $10,000 · paid last 24h −0.171%
Price spread now: Aster against Bitget+0.067%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$980.977% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.986%−$99 on $10k
Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.067%, 7d avg +0.064%
Together, before fees−0.893%+ Points / potential airdropAster: Stage 5 · farm board−$89 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NATGASUSDT3.00100.0430pay 0.0215% / 4h3h 00m$9.9M$3.5M100x
ShortAster NATGASUSDT3.00300.0111get 0.0056% / 4h3h 00m$266K$73K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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
−$66.89
Price spread: +0.067% → +0.064%
$0.28
Slippage, 4 orders
−$77.69
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$164.3
Costs to cover
0.977%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Aster: live order book, 6 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 Bitget live order book, 3 min ago1.67 bp12.2 bp −$1221.9 bp −$21965.0 bp −$6,503doesn't fit
Sell Aster live order book, 6 min ago6.66 bp13.8 bp −$1416.0 bp −$160doesn'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%4h3.0052+0.140%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0020+0.033%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0025+0.050%$617K$429K10xas long as short
Extended XNG-USD+0.0032%1h3.0018+0.027%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.067%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0013+0.010%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0049+0.130%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0032+0.073%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0017+0.022%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0020+0.033%$1.0M$1.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.033%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.033%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030+0.067%$1.5M$95K10xas long as short
Hotstuff NATGAS-PERP+0.0104%1h3.0016+0.020%$35K20xas long as short
Aster NATGASUSDTshort+0.0111%4h3.0030+0.067%$266K$73K50x
HTX NATGAS-USDT+0.0204%4h3.0051+0.137%$98K$212K75xas long as short
Variational Omni NATGAS+0.0215%4h3.0030+0.066%$312K$443Kas long as short
BloFin NG-USDT+0.0255%8h2.9990−0.067%$81K$189K20xas long as short
OKX NG-USDT-SWAP+0.0270%8h3.0020+0.033%$864K$1.7M50xas long as short
Binance NATGASUSDT+0.0296%4h3.0030+0.067%$10.1M$29.2M100xas long as short
edgeX NATGASUSDC+0.0304%4h3.0030+0.066%$85K$213K20xas long as short
GRVT NATGAS_USDT_Perp+0.0322%4h3.0020+0.034%$25K$200K25xas long as short
Gate NG_USDT+0.0385%8h3.0040+0.100%$1.5M$256K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0414% / S −0.0351%1h3.0035+0.083%$92K45xas long as short
Bitget NATGASUSDTlong+0.0430%4h3.0010long leg$9.9M$3.5M100x
Kraken Futures PF_NATGASUSD+0.1001%1h3.0042+0.108%$52K$36K20xas long as short