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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0322%/8h= −35.3% APRnext payment $0.40 per $10,000 · paid last 24h −0.121%
Price spread now: ApeX Omni against GMX−0.017%68s7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NATGAS/USD [ETH-USDC]3.0005L +0.0422% / S −0.0359%pay 0.0053% / 1h14m 29s$92K45x
ShortApeX Omni NATGASUSDT3.00000.0100get 0.0013% / 1h14m 29s$37K$218K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
−$67.69
Price spread: −0.017% → 0.000%
−$1.67
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$91.35
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 52 min ago. 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 GMX no order-book sample
Sell ApeX Omni live order book, 52 min ago16.64 bp56.4 bp −$56275.9 bp −$2,759doesn't fitdoesn't fit
GMX: 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 26 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
Hotstuff NATGAS-PERP−0.0040%1h3.0003−0.007%$35K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8361−5.479%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.090%$2K$2.5M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0010+0.017%$658K$86K20xas long as short
Lighter NATGAS+0.0032%1h3.0018+0.043%$618K$445K10xas long as short
Vest NG-PERP+0.0046%1h3.0000−0.017%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9992−0.043%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0030+0.083%$82K$27K10xas long as short
Extended XNG-USD+0.0072%1h2.9993−0.040%$110K$449K5xas long as short
Paradex NG-USD-PERP+0.0072%8h3.0015+0.032%$5K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0004−0.003%$68K$33K10xas long as short
ApeX Omni NATGASUSDTshort+0.0100%1h3.0000−0.017%$37K$218K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.017%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0010+0.017%$1.5M$95K10xas long as short
KuCoin NATGASUSDTM+0.0166%4h3.0010+0.017%$1.0M$1.1M20xas long as short
Aster NATGASUSDT+0.0235%4h3.0008+0.009%$265K$73K50xas long as short
HTX NATGAS-USDT+0.0245%4h3.0058+0.177%$98K$212K75xas long as short
OKX NG-USDT-SWAP+0.0355%8h3.0000−0.017%$860K$1.7M50xas long as short
Variational Omni NATGAS+0.0384%4h3.0009+0.015%$311K$444Kas long as short
GMX NATGAS/USD [ETH-USDC]longL +0.0422% / S −0.0359%1h3.0005long leg$92K45x
GRVT NATGAS_USDT_Perp+0.0426%4h3.0018+0.043%$12K$214K25xas long as short
Gate NG_USDT+0.0433%8h3.0040+0.117%$1.5M$219K100xas long as short
edgeX NATGASUSDC+0.0436%4h3.0009+0.015%$85K$213K20xas long as short
Binance NATGASUSDT+0.0447%4h3.0007+0.008%$10.2M$29.1M100xas long as short
Bitget NATGASUSDT+0.0700%4h2.9970−0.117%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0028+0.076%$53K$38K20xas long as short