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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.087%
Price spread now: ApeX Omni against edgeX−0.099%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1631.634% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.146%−$15 on $10k
Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.099%, 7d avg −0.003%
Together, before fees−0.043%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.097% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NATGASUSDC3.00300.0304pay 0.0152% / 4h2h 59m$85K$213K20x
ShortApeX Omni NATGASUSDT3.00000.0100get 0.0013% / 1h59m 10s$37K$217K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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
−$42.82
Price spread: −0.099% → −0.003%
−$9.66
Slippage, 4 orders
−$144.45
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$215.93
Costs to cover
1.634%
Break-even
never at this rate
Slippage from edgeX: live order book, 8 min ago; ApeX Omni: 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 edgeX live order book, 8 min ago13.33 bp33.6 bp −$3442.9 bp −$429doesn't fitdoesn't fit
Sell ApeX Omni live order book, 7 min ago16.64 bp56.4 bp −$56275.9 bp −$2,759doesn'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%1h2.8396−5.441%as long as short
SunX NATGAS-USDT0.0000%4h3.0062+0.107%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.00300.000%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0036+0.020%$617K$424K10xas long as short
Extended XNG-USD+0.0032%1h3.0025−0.016%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.00300.000%$37810xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0021−0.030%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0015−0.049%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.057%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0037+0.024%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0028−0.005%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.00300.000%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDTshort+0.0100%1h3.0000−0.099%$37K$217K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.099%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.00300.000%$1.5M$94K10xas long as short
Aster NATGASUSDT+0.0113%4h3.00300.000%$266K$73K50xas long as short
HTX NATGAS-USDT+0.0209%4h3.0063+0.110%$98K$211K75xas long as short
Variational Omni NATGAS+0.0215%4h3.00300.000%$312K$443Kas long as short
BloFin NG-USDT+0.0242%8h2.9990−0.133%$81K$189K20xas long as short
OKX NG-USDT-SWAP+0.0274%8h3.0020−0.033%$864K$1.7M50xas long as short
Binance NATGASUSDT+0.0298%4h3.00300.000%$10.1M$29.2M100xas long as short
edgeX NATGASUSDClong+0.0304%4h3.0030long leg$85K$213K20x
GRVT NATGAS_USDT_Perp+0.0338%4h3.0024−0.021%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0050+0.067%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0415% / S −0.0351%1h3.0045+0.050%$92K45xas long as short
Bitget NATGASUSDT+0.0436%4h3.0000−0.099%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0055+0.083%$52K$36K20xas long as short