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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h +0.069%
Price spread now: GMX against BloFin+0.017%111s7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NG-USDT3.00700.0652pay 0.0652% / 8h2h 07m$81K$195K20x
ShortGMX NATGAS/USD [ETH-USDC]3.0075L +0.0529% / S −0.0530%get 0.0066% / 1h7m 24s$88K45x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$25.61
Price spread: +0.017% → 0.000%
$1.66
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$47.95
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 8 min ago; GMX: no order-book sample. 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 BloFin live order book, 8 min ago3.33 bp11.7 bp −$1214.4 bp −$14456.4 bp −$5,640doesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%4h3.0102+0.106%$2K$2.4M20xas long as short
Lighter NATGAS+0.0032%1h3.0077+0.023%$629K$504K10xas long as short
Extended XNG-USD+0.0032%1h3.0068−0.006%$110K$333K5xas long as short
QFEX NATGAS-USD+0.0033%1h3.00700.000%$660K$96K20xas long as short
Vest NG-PERP+0.0046%1h3.00700.000%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0049−0.070%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0056%1h3.0074+0.013%$6.0M$5.5M10xas long as short
Paradex NG-USD-PERP+0.0063%8h3.0087+0.057%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0068−0.007%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.233%$37K$218K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.233%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.00700.000%$1.5M$93K10xas long as short
HTX NATGAS-USDT+0.0130%4h3.0080+0.033%$107K$211K75xas long as short
GRVT NATGAS_USDT_Perp+0.0170%4h3.0052−0.060%$13K$212K25xas long as short
Hotstuff NATGAS-PERP+0.0208%1h3.0076+0.020%$35K20xas long as short
KuCoin NATGASUSDTM+0.0316%4h3.0060−0.033%$1.0M$945K20xas long as short
Aster NATGASUSDT+0.0338%4h3.0097+0.089%$265K$75K50xas long as short
GMX NATGAS/USD [ETH-USDC]shortL +0.0529% / S −0.0530%1h3.0075+0.017%$88K45x
Variational Omni NATGAS+0.0561%4h3.0060−0.034%$317K$432Kas long as short
Binance NATGASUSDT+0.0577%4h3.00700.000%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0592%4h3.0060−0.034%$85K$212K20xas long as short
Gate NG_USDT+0.0615%8h3.0100+0.100%$1.5M$196K100xas long as short
OKX NG-USDT-SWAP+0.0652%8h3.0080+0.033%$867K$1.7M50xas long as short
BloFin NG-USDTlong+0.0652%8h3.0070long leg$81K$195K20x
Bitget NATGASUSDT+0.0982%4h3.0040−0.100%$9.9M$3.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.1180%1h3.0096+0.085%$56K$35K20xas long as short