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−0.0311%/8h= −34.0% APRpaid last 24h −0.110%
Price spread now: Ondo Perps against edgeX−0.030%7-day average · 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 7 days−0.153%−$15 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Ondo Perps is 0.030% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.153% in total (about -8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NATGASUSDC3.00210.0361pay 0.0181% / 4h3h 59m$85K$213K20x
ShortOndo Perps NATGAS-USD.P3.00120.0050get 0.0006% / 1h59m 18s$82K$26K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$65.23
Price spread: −0.030% → 0.000%
−$2.97
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$82.2
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 38 min ago; Ondo Perps: 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 edgeX live order book, 38 min ago13.31 bp33.6 bp −$3443.3 bp −$433doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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 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%1h2.8391−5.429%as long as short
SunX NATGAS-USDT0.0000%4h3.0051+0.100%$2K$2.4M20xas long as short
HTX NATGAS-USDT0.0000%4h3.0043+0.074%$118K$221K75xas long as short
QFEX NATGAS-USD+0.0004%1h3.0030+0.030%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0039+0.060%$631K$482K10xas long as short
Extended XNG-USD+0.0032%1h3.0022+0.004%$109K$271K5xas long as short
GRVT NATGAS_USDT_Perp+0.0038%4h3.0020−0.002%$18K$218K25xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.030%$14K10xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0027+0.020%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.00210.000%$6.0M$5.3M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NATGAS-USD.Pshort+0.0050%1h3.0012−0.030%$82K$26K10x
Paradex NG-USD-PERP+0.0051%8h3.0036+0.050%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0006−0.049%$69K$32K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.070%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.070%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0040+0.064%$1.5M$90K10xas long as short
KuCoin NATGASUSDTM+0.0134%4h3.0010−0.036%$1.0M$859K20xas long as short
Aster NATGASUSDT+0.0138%4h3.0040+0.064%$264K$69K50xas long as short
Variational Omni NATGAS+0.0330%4h3.00210.000%$318K$390Kas long as short
Binance NATGASUSDT+0.0350%4h3.0035+0.046%$10.4M$28.6M100xas long as short
edgeX NATGASUSDClong+0.0361%4h3.0021long leg$85K$213K20x
BloFin NG-USDT+0.0507%8h3.0020−0.003%$76K$198K20xas long as short
OKX NG-USDT-SWAP+0.0533%8h3.0010−0.036%$802K$1.9M50xas long as short
Gate NG_USDT+0.0565%8h3.0050+0.097%$1.5M$192K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0588% / S −0.0602%1h3.0035+0.047%$88K45xas long as short
Kraken Futures PF_NATGASUSD+0.0684%1h3.0048+0.089%$56K$35K20xas long as short
Bitget NATGASUSDT+0.0822%4h3.0010−0.036%$9.9M$3.0M100xas long as short