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−0.0061%/8h= −6.7% APRpaid last 24h −0.040%
Price spread now: BloFin against edgeX+0.034%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$730.727% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.034%, 7d avg −0.041%
Together, before fees0.000%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.075% dearer against edgeX than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.041%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NATGASUSDC3.00100.0600pay 0.0300% / 4h3h 38m$85K$212K20x
ShortBloFin NG-USDT3.00200.0538get 0.0538% / 8h3h 38m$81K$193K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$12.88
Price spread: +0.034% → −0.041%
$7.54
Slippage, 4 orders
−$51.66
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$78.01
Costs to cover
0.727%
Break-even
never at this rate
Slippage from edgeX: live order book, 13 min ago; BloFin: live order book, 52 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, 13 min ago13.32 bp33.8 bp −$3441.5 bp −$415doesn't fitdoesn't fit
Sell BloFin live order book, 52 min ago1.66 bp10.2 bp −$1016.0 bp −$16071.3 bp −$7,129doesn'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%1h2.8396−5.377%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.074%$2K$2.4M20xas long as short
Hotstuff NATGAS-PERP+0.0008%1h3.0007−0.009%$35K20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0010+0.001%$668K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0006−0.013%$626K$501K10xas long as short
Extended XNG-USD+0.0032%1h2.9998−0.039%$110K$395K5xas long as short
Vest NG-PERP+0.0046%1h3.0010+0.001%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9999−0.036%$82K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0056%1h3.0006−0.013%$6.0M$5.7M10xas long as short
Paradex NG-USD-PERP+0.0074%8h3.0022+0.042%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9989−0.069%$68K$33K10xas 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%4h3.0010+0.001%$1.5M$93K10xas long as short
KuCoin NATGASUSDTM+0.0326%4h3.0010+0.001%$1.0M$1.0M20xas long as short
Aster NATGASUSDT+0.0374%4h3.0038+0.095%$263K$74K50xas long as short
HTX NATGAS-USDT+0.0386%4h3.0055+0.151%$107K$213K75xas long as short
GRVT NATGAS_USDT_Perp+0.0468%4h3.0020+0.034%$12K$230K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0472% / S −0.0414%1h3.0015+0.017%$92K45xas long as short
Gate NG_USDT+0.0530%8h3.0050+0.134%$1.5M$192K100xas long as short
BloFin NG-USDTshort+0.0538%8h3.0020+0.034%$81K$193K20x
OKX NG-USDT-SWAP+0.0558%8h3.0010+0.001%$863K$1.7M50xas long as short
Variational Omni NATGAS+0.0576%4h3.0020+0.033%$316K$449Kas long as short
Binance NATGASUSDT+0.0597%4h3.0021+0.036%$10.2M$28.4M100xas long as short
edgeX NATGASUSDClong+0.0600%4h3.0010long leg$85K$212K20x
Kraken Futures PF_NATGASUSD+0.0856%1h3.0032+0.074%$55K$35K20xas long as short
Bitget NATGASUSDT+0.0976%4h2.9990−0.066%$9.9M$3.2M100xas long as short