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+0.0049%/8h= +5.3% APRpaid last 24h +0.020%
Price spread now: Variational Omni against BloFin−0.001%7-day average +0.041% · 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)+0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.001%, 7d avg +0.041%
Together, before fees+0.026%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.042% cheaper against BloFin than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.041%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.001% in total) that is about 6 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NG-USDT3.00600.0593pay 0.0593% / 8h3h 02m$81K$195K20x
ShortVariational Omni NATGAS3.00600.0642get 0.0321% / 4h3h 02m$317K$449K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$10.24
Price spread: −0.001% → +0.041%
−$4.23
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$5.99
Costs to cover
0.120%
Break-even
11.1 days
Slippage unknown: BloFin: live order book, 17 min ago; Variational Omni: RFQ quote, 51 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 BloFin live order book, 17 min ago1.66 bp12.3 bp −$1215.0 bp −$15072.5 bp −$7,247doesn't fit
Sell Variational Omni RFQ quote, 51 min ago4.49 bpdoesn't fit12.6 bp −$126doesn'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%1h2.8441−5.386%as long as short
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%1h3.0045−0.050%$629K$503K10xas 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
Hotstuff NATGAS-PERP+0.0072%1h3.0051−0.030%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0094%1h3.0050−0.033%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0095%8h3.0066+0.019%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0040−0.067%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.200%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.200%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.00600.000%$1.5M$93K10xas long as short
Extended XNG-USD+0.0200%1h3.0038−0.073%$110K$364K5xas long as short
KuCoin NATGASUSDTM+0.0364%4h3.0040−0.067%$1.0M$982K20xas long as short
Aster NATGASUSDT+0.0431%4h3.00600.000%$264K$74K50xas long as short
GRVT NATGAS_USDT_Perp+0.0438%4h3.0041−0.064%$13K$223K25xas long as short
HTX NATGAS-USDT+0.0467%4h3.0074+0.047%$107K$212K75xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0498% / S −0.0442%1h3.0055−0.017%$92K45xas long as short
Gate NG_USDT+0.0557%8h3.0090+0.100%$1.5M$193K100xas long as short
BloFin NG-USDTlong+0.0593%8h3.0060long leg$81K$195K20x
OKX NG-USDT-SWAP+0.0614%8h3.0050−0.033%$868K$1.7M50xas long as short
Variational Omni NATGASshort+0.0642%4h3.0060−0.001%$317K$449K
Binance NATGASUSDT+0.0665%4h3.0055−0.017%$10.3M$28.2M100xas long as short
edgeX NATGASUSDC+0.0668%4h3.0052−0.026%$85K$213K20xas long as short
Kraken Futures PF_NATGASUSD+0.0855%1h3.0068+0.027%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1036%4h3.0020−0.133%$9.9M$3.2M100xas long as short