Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h −0.029%

Price spread now: Gate against edgeX+0.014%97s7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$940.944% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.014%, 7d avg +0.023%

Together, before fees+0.208%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NATGASUSDC	3.0046	0.0600	pay 0.0300% / 4h	3h 41m	$85K	$213K	20x
Short	Gate NG_USDT	3.0050	0.0529	get 0.0529% / 8h	3h 41m	$1.5M	$192K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee edgeXbpFee GatebpOrdersPrice spread, now +0.014%Rate

Funding earned: −$14.82
Price spread: +0.014% → +0.023%: −$0.84
Slippage, 4 orders: −$70.38
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.04
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from edgeX: live order book, 10 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 10 min ago	13.32 bp	33.8 bp −$34	41.5 bp −$415	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.66 bp	19.2 bp −$19	51.2 bp −$512	doesn't fit	doesn't fit

NATGAS on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8406	−5.457%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0031	−0.049%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0010	−0.119%	$668K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0006	−0.132%	$626K	$501K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9998	−0.161%	$110K	$395K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	−0.119%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0039	−0.022%	$82K	$26K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0059%	1h	2.9999	−0.156%	$6.0M	$5.7M	10x	as long as short
Paradex NG-USD-PERP	+0.0076%	8h	3.0017	−0.094%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9983	−0.209%	$68K	$33K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.152%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.152%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0010	−0.119%	$1.5M	$93K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0208%	1h	3.0006	−0.132%	$35K	—	20x	as long as short
KuCoin NATGASUSDTM	+0.0328%	4h	3.0010	−0.119%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0376%	4h	3.0041	−0.017%	$264K	$74K	50x	as long as short
HTX NATGAS-USDT	+0.0430%	4h	3.0056	+0.034%	$107K	$214K	75x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0471% / S −0.0413%	1h	3.0015	−0.102%	$92K	—	45x	as long as short
BloFin NG-USDT	+0.0528%	8h	3.0030	−0.052%	$81K	$191K	20x	as long as short
Gate NG_USDTshort	+0.0529%	8h	3.0050	+0.014%	$1.5M	$192K	100x
OKX NG-USDT-SWAP	+0.0556%	8h	3.0010	−0.119%	$861K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0576%	4h	3.0020	−0.087%	$316K	$449K	—	as long as short
GRVT NATGAS_USDT_Perp	+0.0596%	4h	3.0017	−0.095%	$12K	$230K	25x	as long as short
Binance NATGASUSDT	+0.0598%	4h	3.0017	−0.096%	$10.2M	$28.4M	100x	as long as short
edgeX NATGASUSDClong	+0.0600%	4h	3.0046	long leg	$85K	$213K	20x
Kraken Futures PF_NATGASUSD	+0.0856%	1h	3.0024	−0.071%	$53K	$33K	20x	as long as short
Bitget NATGASUSDT	+0.0980%	4h	2.9990	−0.186%	$9.9M	$3.2M	100x	as long as short