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+0.0174%/8h= +19.1% APRnext payment +$1.74 per $10,000 · paid last 24h +0.061%
Price spread now: OKX against Orderly+0.067%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 +$5 a day on $10k at the current rate, and OKX is 0.067% dearer against Orderly than usual: you sell high and buy low: +$7 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% / 8h6h 59m$3K$54410x
ShortOKX NG-USDT-SWAP3.00200.0274get 0.0274% / 8h6h 59m$864K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$36.54
Price spread: +0.067% → 0.000%
$6.67
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee OKX: 5 bp × 2 orders
−$10
Net
$27.21
Costs to cover
0.160%
Break-even
1.8 days
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago1.66 bp9.3 bp −$921.5 bp −$215doesn'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%1h2.8384−5.387%as long as short
SunX NATGAS-USDT0.0000%4h3.0052+0.173%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0020+0.067%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0037+0.123%$617K$423K10xas long as short
Extended XNG-USD+0.0032%1h3.0025+0.084%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.100%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0019+0.063%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.157%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0037+0.123%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0028+0.095%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NATGASUSDTM+0.0100%4h3.0020+0.067%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$217K50xas 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
Hotstuff NATGAS-PERP+0.0104%1h3.0016+0.053%$35K20xas long as short
Aster NATGASUSDT+0.0113%4h3.0030+0.100%$266K$73K50xas long as short
HTX NATGAS-USDT+0.0207%4h3.0052+0.173%$98K$212K75xas long as short
Variational Omni NATGAS+0.0215%4h3.0030+0.099%$312K$443Kas long as short
BloFin NG-USDT+0.0255%8h2.9990−0.033%$81K$189K20xas long as short
OKX NG-USDT-SWAPshort+0.0274%8h3.0020+0.067%$864K$1.7M50x
Binance NATGASUSDT+0.0298%4h3.0036+0.120%$10.1M$29.2M100xas long as short
edgeX NATGASUSDC+0.0304%4h3.0030+0.100%$85K$213K20xas long as short
GRVT NATGAS_USDT_Perp+0.0322%4h3.0020+0.067%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0040+0.133%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0415% / S −0.0351%1h3.0035+0.117%$92K45xas long as short
Bitget NATGASUSDT+0.0436%4h3.0020+0.067%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.1000%1h3.0044+0.146%$52K$36K20xas long as short