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−0.0094%/8h= −10.3% APRpaid last 24h −0.018%
Price spread now: KuCoin against OKX−0.033%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$610.607% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.167%−$17 on $10k
Price spread, last 7 days−0.058%−$6 · spread now −0.033%, 7d avg −0.014%
Together, before fees−0.225%−$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NG-USDT-SWAP3.00000.0480pay 0.0480% / 8h5h 00m$853K$1.7M50x
ShortKuCoin NATGASUSDTM2.99900.0386get 0.0193% / 4h1h 00m$1.1M$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$19.71
Price spread: −0.033% → −0.014%
−$1.92
Slippage, 4 orders
−$38.66
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$82.28
Costs to cover
0.607%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 4 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, 2 min ago1.67 bp10.3 bp −$1019.9 bp −$199doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago1.67 bp22.4 bp −$22538.8 bp −$5,388doesn'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%1h2.8425−5.250%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.107%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.00000.000%$658K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0008+0.027%$618K$495K10xas long as short
Hotstuff NATGAS-PERP+0.0032%1h3.0008+0.027%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0010+0.033%$37810xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0028+0.093%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0060%8h3.0016+0.054%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0093%1h3.0008+0.027%$6.0M$5.9M10xas long as short
Pacifica NATGAS+0.0100%1h2.9978−0.073%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$214K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0010+0.033%$1.5M$95K10xas long as short
Extended XNG-USD+0.0128%1h2.9995−0.017%$110K$445K5xas long as short
HTX NATGAS-USDT+0.0239%4h3.0028+0.093%$105K$216K75xas long as short
GRVT NATGAS_USDT_Perp+0.0382%4h3.0002+0.008%$25K$227K25xas long as short
KuCoin NATGASUSDTMshort+0.0386%4h2.9990−0.033%$1.1M$1.1M20x
Aster NATGASUSDT+0.0410%4h3.0002+0.006%$265K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0443% / S −0.0382%1h3.0015+0.050%$92K45xas long as short
Gate NG_USDT+0.0460%8h3.0040+0.133%$1.5M$211K100xas long as short
OKX NG-USDT-SWAPlong+0.0480%8h3.0000long leg$853K$1.7M50x
BloFin NG-USDT+0.0481%8h3.00000.000%$80K$188K20xas long as short
Variational Omni NATGAS+0.0595%4h3.0009+0.029%$311K$444Kas long as short
edgeX NATGASUSDC+0.0617%4h2.9999−0.003%$85K$213K20xas long as short
Binance NATGASUSDT+0.0623%4h3.0016+0.052%$10.2M$28.9M100xas long as short
Bitget NATGASUSDT+0.0996%4h2.9980−0.067%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1109%1h3.0025+0.083%$53K$34K20xas long as short