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+0.0048%/8h= +5.3% APRpaid last 24h +0.026%
Price spread now: edgeX against BloFin+0.133%101s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$760.757% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.079%−$8 on $10k
Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.133%, 7d avg +0.040%
Together, before fees−0.175%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.093% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NG-USDT2.99900.0255pay 0.0255% / 8h6h 59m$81K$189K20x
ShortedgeX NATGASUSDC3.00300.0304get 0.0152% / 4h2h 59m$85K$213K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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
$10.18
Price spread: +0.133% → +0.040%
$9.29
Slippage, 4 orders
−$54.69
Fee BloFin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$56.22
Costs to cover
0.757%
Break-even
45.7 days
Slippage from BloFin: live order book, 65 min ago; edgeX: live order book, 7 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 BloFin live order book, 65 min ago1.67 bp10.5 bp −$1117.5 bp −$175102.3 bp −$10.2Kdoesn't fit
Sell edgeX live order book, 7 min ago13.33 bp21.1 bp −$2128.3 bp −$283doesn'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%1h2.8384−5.355%as long as short
SunX NATGAS-USDT0.0000%4h3.0052+0.207%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0030+0.133%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0037+0.157%$617K$423K10xas long as short
Extended XNG-USD+0.0032%1h3.0025+0.117%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.133%$37810xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0021+0.103%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0029+0.130%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.190%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0037+0.157%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0028+0.128%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0020+0.100%$1.0M$1.1M20xas long as short
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+0.133%$1.5M$95K10xas long as short
Aster NATGASUSDT+0.0113%4h3.0030+0.133%$266K$73K50xas long as short
HTX NATGAS-USDT+0.0207%4h3.0052+0.207%$98K$212K75xas long as short
Variational Omni NATGAS+0.0215%4h3.0030+0.133%$312K$443Kas long as short
BloFin NG-USDTlong+0.0255%8h2.9990long leg$81K$189K20x
OKX NG-USDT-SWAP+0.0274%8h3.0020+0.100%$864K$1.7M50xas long as short
Binance NATGASUSDT+0.0298%4h3.0040+0.167%$10.1M$29.2M100xas long as short
edgeX NATGASUSDCshort+0.0304%4h3.0030+0.133%$85K$213K20x
GRVT NATGAS_USDT_Perp+0.0338%4h3.0024+0.112%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0040+0.167%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0415% / S −0.0351%1h3.0035+0.150%$92K45xas long as short
Bitget NATGASUSDT+0.0436%4h3.0020+0.100%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.1000%1h3.0044+0.179%$52K$36K20xas long as short