Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0391%/8h= −42.8% APRpaid last 24h −0.072%

Price spread now: ApeX Omni against Gate−0.200%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$1941.943% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.200%, 7d avg −0.026%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and ApeX Omni is 0.174% cheaper against Gate than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NG_USDT	3.0060	0.0491	pay 0.0491% / 8h	4h 10m	$1.5M	$194K	100x
Short	ApeX Omni NATGASUSDT	3.0000	0.0100	get 0.0013% / 1h	10m 54s	$37K	$215K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.200%Rate

Funding earned: −$82.11
Price spread: −0.200% → −0.026%: −$17.41
Slippage, 4 orders: −$169.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$293.78
Costs to cover: 1.943%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 45 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 Gate live order book, 2 min ago	1.66 bp	20.9 bp −$21	58.9 bp −$589	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 45 min ago	33.33 bp	79.6 bp −$80	274.7 bp −$2,747	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	2.8449	−5.359%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0052	−0.027%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0022%	1h	3.0030	−0.100%	$669K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0029	−0.103%	$619K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0022	−0.128%	$110K	$405K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	−0.100%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0030	−0.100%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0054%	8h	3.0049	−0.037%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0073%	1h	3.0026	−0.113%	$6.0M	$5.8M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0023	−0.123%	$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 NATGASUSDTshort	+0.0100%	1h	3.0000	−0.200%	$37K	$215K	50x
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.200%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	−0.100%	$1.5M	$94K	10x	as long as short
HTX NATGAS-USDT	+0.0162%	4h	3.0037	−0.077%	$105K	$211K	75x	as long as short
Hotstuff NATGAS-PERP	+0.0208%	1h	3.0040	−0.067%	$35K	—	20x	as long as short
GRVT NATGAS_USDT_Perp	+0.0318%	4h	3.0058	−0.006%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0322%	4h	3.0010	−0.166%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0376%	4h	3.0023	−0.122%	$266K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0459% / S −0.0399%	1h	3.0035	−0.083%	$92K	—	45x	as long as short
Gate NG_USDTlong	+0.0491%	8h	3.0060	long leg	$1.5M	$194K	100x
OKX NG-USDT-SWAP	+0.0512%	8h	3.0030	−0.100%	$860K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0537%	8h	3.0040	−0.067%	$81K	$192K	20x	as long as short
Variational Omni NATGAS	+0.0574%	4h	3.0029	−0.102%	$317K	$449K	—	as long as short
Binance NATGASUSDT	+0.0593%	4h	3.0026	−0.113%	$10.2M	$28.5M	100x	as long as short
edgeX NATGASUSDC	+0.0622%	4h	3.0050	−0.032%	$85K	$213K	20x	as long as short
Bitget NATGASUSDT	+0.0968%	4h	2.9990	−0.233%	$9.9M	$3.3M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0994%	1h	3.0039	−0.071%	$54K	$33K	20x	as long as short