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+0.0048%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.003%
Price spread now: Aster against KuCoin+0.096%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$930.928% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.112%−$11 on $10k
Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.096%, 7d avg +0.056%
Together, before fees−0.060%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.040% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.112%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NATGASUSDTM3.00100.0328pay 0.0164% / 4h3h 37m$1.0M$1.0M20x
ShortAster NATGASUSDT3.00390.0376get 0.0188% / 4h3h 37m$263K$74K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
$10.03
Price spread: +0.096% → +0.056%
$4.03
Slippage, 4 orders
−$72.82
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$78.75
Costs to cover
0.928%
Break-even
61.9 days
Slippage from KuCoin: live order book, 2 min ago; Aster: live order book, 14 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 KuCoin live order book, 2 min ago3.33 bp19.2 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 14 min ago6.65 bp16.9 bp −$1718.8 bp −$188doesn'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%1h2.8405−5.348%as long as short
SunX NATGAS-USDT0.0000%4h3.0041+0.103%$2K$2.4M20xas long as short
Hotstuff NATGAS-PERP+0.0008%1h3.0007−0.010%$35K20xas long as short
QFEX NATGAS-USD+0.0009%1h3.00100.000%$668K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0003−0.023%$626K$501K10xas long as short
Extended XNG-USD+0.0032%1h2.9998−0.040%$110K$395K5xas long as short
Vest NG-PERP+0.0046%1h3.00100.000%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9999−0.037%$82K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0061%1h3.0009−0.003%$6.0M$5.7M10xas long as short
Paradex NG-USD-PERP+0.0073%8h3.0024+0.045%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9991−0.063%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.033%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.033%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.033%$1.5M$93K10xas long as short
KuCoin NATGASUSDTMlong+0.0328%4h3.0010long leg$1.0M$1.0M20x
Aster NATGASUSDTshort+0.0376%4h3.0039+0.096%$263K$74K50x
HTX NATGAS-USDT+0.0390%4h3.0054+0.147%$107K$213K75xas long as short
GRVT NATGAS_USDT_Perp+0.0468%4h3.0020+0.033%$12K$230K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0472% / S −0.0414%1h3.0025+0.050%$92K45xas long as short
Gate NG_USDT+0.0530%8h3.0050+0.133%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0538%8h3.0020+0.033%$81K$193K20xas long as short
OKX NG-USDT-SWAP+0.0559%8h3.00100.000%$863K$1.7M50xas long as short
Variational Omni NATGAS+0.0576%4h3.0020+0.032%$316K$449Kas long as short
Binance NATGASUSDT+0.0598%4h3.0025+0.049%$10.2M$28.4M100xas long as short
edgeX NATGASUSDC+0.0600%4h3.0010−0.001%$85K$212K20xas long as short
Kraken Futures PF_NATGASUSD+0.0856%1h3.0038+0.092%$56K$35K20xas long as short
Bitget NATGASUSDT+0.0976%4h2.9990−0.067%$9.9M$3.2M100xas long as short