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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRnext payment $0.04 per $10,000 · paid last 24h −0.021%
Price spread now: gTrade (Gains Network) against Extended−5.310%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 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 5.310% cheaper against Extended than usual: you would sell low and buy high (−$531 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD2.99980.0032pay 0.0004% / 1h37m 43s$110K$395K5x
ShortgTrade (Gains Network) NATGAS/USD2.8405L 0.0000% / S 0.0000%pay 0.0000% / 1h37m 43s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Extended. 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
−$6.76
Price spread: −5.310% → 0.000%
−$530.99
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$552.75
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 15 min ago; gTrade (Gains Network): 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 Extended live order book, 15 min ago0.33 bp3.8 bp −$48.6 bp −$86doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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/USDshortL 0.0000% / S 0.0000%1h2.8405−5.310%
SunX NATGAS-USDT0.0000%4h3.0041+0.144%$2K$2.4M20xas long as short
Hotstuff NATGAS-PERP+0.0008%1h3.0007+0.031%$35K20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0010+0.041%$668K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0003+0.017%$626K$501K10xas long as short
Extended XNG-USDlong+0.0032%1h2.9998long leg$110K$395K5x
Vest NG-PERP+0.0046%1h3.0010+0.041%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9999+0.004%$82K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0061%1h3.0009+0.037%$6.0M$5.7M10xas long as short
Paradex NG-USD-PERP+0.0073%8h3.0024+0.086%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9991−0.023%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000+0.007%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.007%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.074%$1.5M$93K10xas long as short
KuCoin NATGASUSDTM+0.0328%4h3.0010+0.041%$1.0M$1.0M20xas long as short
Aster NATGASUSDT+0.0376%4h3.0039+0.137%$263K$74K50xas long as short
HTX NATGAS-USDT+0.0390%4h3.0054+0.187%$107K$213K75xas long as short
GRVT NATGAS_USDT_Perp+0.0468%4h3.0020+0.074%$12K$230K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0472% / S −0.0414%1h3.0025+0.091%$92K45xas long as short
Gate NG_USDT+0.0530%8h3.0050+0.174%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0538%8h3.0020+0.074%$81K$193K20xas long as short
OKX NG-USDT-SWAP+0.0559%8h3.0010+0.041%$863K$1.7M50xas long as short
Variational Omni NATGAS+0.0576%4h3.0020+0.073%$316K$449Kas long as short
Binance NATGASUSDT+0.0598%4h3.0025+0.089%$10.2M$28.4M100xas long as short
edgeX NATGASUSDC+0.0600%4h3.0010+0.040%$85K$212K20xas long as short
Kraken Futures PF_NATGASUSD+0.0856%1h3.0038+0.132%$56K$35K20xas long as short
Bitget NATGASUSDT+0.0976%4h2.9990−0.026%$9.9M$3.2M100xas long as short