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−0.0163%/8h= −17.8% APRpaid last 24h −0.018%
Price spread now: Aster against OKX+0.067%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$950.948% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.287%−$29 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.067%, 7d avg +0.051%
Together, before fees−0.319%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NG-USDT-SWAP3.00100.0282pay 0.0282% / 8h6h 56m$865K$1.7M50x
ShortAster NATGASUSDT3.00300.0119get 0.0060% / 4h2h 56m$266K$73K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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
−$34.22
Price spread: +0.067% → +0.051%
$1.53
Slippage, 4 orders
−$76.81
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$127.51
Costs to cover
0.948%
Break-even
never at this rate
Slippage from OKX: live order book, 6 min ago; Aster: live order book, 10 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 OKX live order book, 6 min ago1.66 bp9.9 bp −$1019.5 bp −$195doesn't fitdoesn't fit
Sell Aster live order book, 10 min ago6.66 bp13.8 bp −$1416.0 bp −$160doesn'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%1h2.8365−5.482%as long as short
SunX NATGAS-USDT0.0000%4h3.0031+0.070%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0020+0.033%$659K$86K20xas long as short
Extended XNG-USD+0.0032%1h2.9985−0.084%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.00100.000%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0005−0.017%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.123%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0026+0.052%$5K5xas long as short
Lighter NATGAS+0.0072%1h3.0007−0.010%$617K$443K10xas long as short
Pacifica NATGAS+0.0100%1h3.0014+0.015%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NATGASUSDTM+0.0100%4h3.00100.000%$1.0M$1.1M20xas 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$94K10xas long as short
Aster NATGASUSDTshort+0.0119%4h3.0030+0.067%$266K$73K50x
Hotstuff NATGAS-PERP+0.0128%1h3.0007−0.010%$35K20xas long as short
HTX NATGAS-USDT+0.0200%4h3.0031+0.070%$98K$211K75xas long as short
Variational Omni NATGAS+0.0229%4h3.0010+0.001%$312K$443Kas long as short
BloFin NG-USDT+0.0264%8h2.9990−0.067%$81K$189K20xas long as short
OKX NG-USDT-SWAPlong+0.0282%8h3.0010long leg$865K$1.7M50x
edgeX NATGASUSDC+0.0300%4h3.0034+0.079%$85K$213K20xas long as short
Binance NATGASUSDT+0.0305%4h3.0013+0.011%$10.1M$29.2M100xas long as short
GRVT NATGAS_USDT_Perp+0.0336%4h3.0020+0.033%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0030+0.067%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0416% / S −0.0352%1h3.0015+0.017%$92K45xas long as short
Bitget NATGASUSDT+0.0458%4h3.0000−0.033%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0027+0.056%$52K$36K20xas long as short