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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.092%
Price spread now: edgeX against Orderly+0.079%71s7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.079% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NATGAS_USDC_mythos3.00000.0100pay 0.0100% / 8h7h 20m$3K$54410x
ShortedgeX NATGASUSDC3.00240.0404get 0.0202% / 4h3h 20m$85K$212K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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
$63.91
Price spread: +0.079% → 0.000%
$7.9
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$56.82
Costs to cover
0.150%
Break-even
0.8 days
Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 12 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 Orderly no order-book sample
Sell edgeX live order book, 12 min ago13.33 bp21.0 bp −$2128.9 bp −$289doesn't fitdoesn't fit
Orderly: 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 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
Hotstuff NATGAS-PERP−0.0080%1h3.0008+0.027%$35K20xas long as short
QFEX NATGAS-USD0.0000%1h3.0010+0.033%$658K$96K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8369−5.437%as long as short
SunX NATGAS-USDT0.0000%4h3.0042+0.140%$2K$2.2M20xas long as short
Lighter NATGAS+0.0032%1h3.0009+0.030%$630K$483K10xas long as short
Extended XNG-USD+0.0032%1h2.9981−0.063%$109K$253K5xas long as short
Vest NG-PERP+0.0046%1h3.0010+0.033%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0002+0.007%$6.0M$5.2M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0039+0.130%$84K$29K10xas long as short
Paradex NG-USD-PERP+0.0070%8h3.0039+0.129%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9993−0.023%$69K$30K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$214K50xas long as short
Orderly PERP_NATGAS_USDC_mythoslong+0.0100%8h3.0000long leg$3K$54410x
Phemex NGUSDT+0.0100%4h3.0020+0.067%$1.5M$91K10xas long as short
KuCoin NATGASUSDTM+0.0166%4h3.00000.000%$1.0M$837K20xas long as short
Gate NG_USDT+0.0203%8h3.0030+0.100%$1.5M$193K100xas long as short
Aster NATGASUSDT+0.0216%4h3.0018+0.062%$264K$69K50xas long as short
HTX NATGAS-USDT+0.0279%4h3.0041+0.137%$118K$220K75xas long as short
GRVT NATGAS_USDT_Perp+0.0386%4h3.0013+0.044%$20K$213K25xas long as short
Variational Omni NATGAS+0.0389%4h3.0021+0.069%$347K$420Kas long as short
edgeX NATGASUSDCshort+0.0404%4h3.0024+0.079%$85K$212K20x
Binance NATGASUSDT+0.0408%4h3.00000.000%$10.4M$29.0M100xas long as short
BloFin NG-USDT+0.0473%8h3.00000.000%$76K$197K20xas long as short
OKX NG-USDT-SWAP+0.0501%8h3.00000.000%$802K$1.9M50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0587% / S −0.0602%1h3.0025+0.083%$88K45xas long as short
Kraken Futures PF_NATGASUSD+0.0685%1h3.0006+0.019%$53K$37K20xas long as short
Bitget NATGASUSDT+0.0872%4h2.9980−0.067%$9.9M$2.9M100xas long as short