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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h +0.014%
Price spread now: edgeX against Gate−0.033%67s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$930.925% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.170%−$17 on $10k
Price spread, last 4 days (all we have)−0.141%−$14 · spread now −0.033%, 7d avg −0.019%
Together, before fees−0.311%+ Points / potential airdropedgeX: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NG_USDT3.00500.0426pay 0.0426% / 8h6h 34m$1.5M$219K100x
ShortedgeX NATGASUSDC3.00400.0364get 0.0182% / 4h2h 34m$85K$212K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$13.04
Price spread: −0.033% → −0.019%
−$1.42
Slippage, 4 orders
−$68.51
Fee Gate: 7.5 bp × 2 orders
−$15
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$106.96
Costs to cover
0.925%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 32 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 Gate live order book, 3 min ago1.66 bp21.2 bp −$2157.6 bp −$576doesn't fitdoesn't fit
Sell edgeX live order book, 32 min ago13.33 bp21.1 bp −$2128.3 bp −$283doesn't fitdoesn'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%1h2.8381−5.554%as long as short
SunX NATGAS-USDT0.0000%4h3.0062+0.040%$2K$2.5M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0030−0.067%$658K$86K20xas long as short
Hotstuff NATGAS-PERP+0.0024%1h3.0032−0.060%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0020−0.100%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0009−0.136%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0061+0.037%$82K$27K10xas long as short
Paradex NG-USD-PERP+0.0074%8h3.0066+0.053%$5K5xas long as short
Lighter NATGAS+0.0080%1h3.0039−0.037%$618K$444K10xas long as short
Extended XNG-USD+0.0096%1h3.0003−0.157%$110K$450K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0028−0.073%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.166%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.166%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0040−0.033%$1.5M$95K10xas long as short
KuCoin NATGASUSDTM+0.0102%4h3.0020−0.100%$1.0M$1.1M20xas long as short
Aster NATGASUSDT+0.0187%4h3.0021−0.098%$265K$73K50xas long as short
HTX NATGAS-USDT+0.0280%4h3.0039−0.037%$98K$213K75xas long as short
BloFin NG-USDT+0.0307%8h2.9980−0.233%$81K$188K20xas long as short
Variational Omni NATGAS+0.0316%4h3.0040−0.032%$312K$443Kas long as short
OKX NG-USDT-SWAP+0.0333%8h3.0020−0.100%$868K$1.7M50xas long as short
edgeX NATGASUSDCshort+0.0364%4h3.0040−0.033%$85K$212K20x
Binance NATGASUSDT+0.0390%4h3.0020−0.100%$10.1M$29.1M100xas long as short
GRVT NATGAS_USDT_Perp+0.0406%4h3.0040−0.034%$12K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0419% / S −0.0355%1h3.0025−0.083%$92K45xas long as short
Gate NG_USDTlong+0.0426%8h3.0050long leg$1.5M$219K100x
Bitget NATGASUSDT+0.0620%4h3.0000−0.166%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0047−0.012%$54K$37K20xas long as short