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+0.0397%/8h= +43.5% APRnext payment +$3.97 per $10,000 · paid last 24h +0.073%
Price spread now: Gate against Orderly+0.167%7-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 feesneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Gate is 0.167% dearer against Orderly than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NATGAS_USDC_mythos3.00000.0100pay 0.0100% / 8h7h 23m$3K$54410x
ShortGate NG_USDT3.00500.0497get 0.0497% / 8h7h 23m$1.5M$255K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$83.37
Price spread: +0.167% → 0.000%
$16.67
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$79.04
Costs to cover
0.210%
Break-even
0.4 days
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago1.66 bp15.9 bp −$1664.1 bp −$641doesn'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
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8381−5.397%as long as short
SunX NATGAS-USDT0.0000%4h3.0062+0.207%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0030+0.100%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0026+0.087%$617K$414K10xas long as short
Extended XNG-USD+0.0032%1h3.0008+0.026%$112K$452K5xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.100%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0020+0.067%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0046+0.153%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0055%8h3.0044+0.148%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0064%1h3.0027+0.090%$35K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NATGASUSDT+0.0080%4h3.0030+0.100%$266K$73K50xas long as short
Pacifica NATGAS+0.0100%1h3.0012+0.040%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0020+0.067%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythoslong+0.0100%8h3.0000long leg$3K$54410x
Phemex NGUSDT+0.0100%4h3.0030+0.100%$1.5M$95K10xas long as short
Variational Omni NATGAS+0.0154%4h3.0030+0.100%$312K$443Kas long as short
OKX NG-USDT-SWAP+0.0217%8h3.0020+0.067%$863K$1.7M50xas long as short
BloFin NG-USDT+0.0222%8h2.9990−0.033%$80K$189K20xas long as short
HTX NATGAS-USDT+0.0224%4h3.0052+0.173%$98K$211K75xas long as short
Binance NATGASUSDT+0.0246%4h3.0036+0.120%$10.1M$29.5M100xas long as short
edgeX NATGASUSDC+0.0255%4h3.0020+0.068%$85K$211K20xas long as short
Bitget NATGASUSDT+0.0326%4h2.9990−0.033%$10.0M$3.5M100xas long as short
GRVT NATGAS_USDT_Perp+0.0364%4h3.0020+0.067%$25K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0409% / S −0.0346%1h3.0035+0.117%$92K45xas long as short
Gate NG_USDTshort+0.0497%8h3.0050+0.167%$1.5M$255K100x
Kraken Futures PF_NATGASUSD+0.1001%1h3.0041+0.136%$52K$36K20xas long as short