Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0360%/8h= +39.5% APRpaid last 24h +0.077%

Price spread now: BloFin against Vest−0.100%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. BloFin is 0.100% cheaper against Vest than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 22 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NG-PERP	3.0020	0.0046	pay 0.0006% / 1h	21m 38s	—	$378	10x
Short	BloFin NG-USDT	2.9990	0.0406	get 0.0406% / 8h	5h 21m	$81K	$188K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Vest. 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

Position, each leg$Hold fordaysFee VestbpFee BloFinbpOrdersPrice spread, now −0.100%Rate

Funding earned: $75.67
Price spread: −0.100% → 0.000%: −$9.99
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: $51.68
Costs to cover: 0.140%
Break-even: 2.2 days

Slippage unknown: Vest: no order-book sample; BloFin: live order book, 16 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell BloFin live order book, 16 min ago	1.67 bp	9.6 bp −$10	16.5 bp −$165	doesn't fit	doesn't fit

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8436	−5.276%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0032	+0.040%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0010	−0.033%	$658K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0010	−0.033%	$618K	$494K	10x	as long as short
Vest NG-PERPlong	+0.0046%	1h	3.0020	long leg	—	$378	10x
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0038	+0.060%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0065%	8h	3.0021	+0.004%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0091%	1h	3.0005	−0.050%	$6.0M	$5.9M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0004	−0.053%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.067%	$37K	$215K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.067%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0010	−0.033%	$1.5M	$95K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0112%	1h	3.0013	−0.023%	$35K	—	20x	as long as short
Extended XNG-USD	+0.0128%	1h	2.9996	−0.080%	$110K	$444K	5x	as long as short
HTX NATGAS-USDT	+0.0254%	4h	3.0042	+0.073%	$101K	$213K	75x	as long as short
KuCoin NATGASUSDTM	+0.0360%	4h	3.0010	−0.033%	$1.1M	$1.1M	20x	as long as short
Aster NATGASUSDT	+0.0384%	4h	3.0012	−0.027%	$265K	$73K	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0404%	4h	3.0027	+0.022%	$12K	$214K	25x	as long as short
BloFin NG-USDTshort	+0.0406%	8h	2.9990	−0.100%	$81K	$188K	20x
GMX NATGAS/USD [ETH-USDC]	L +0.0435% / S −0.0373%	1h	3.0015	−0.017%	$92K	—	45x	as long as short
OKX NG-USDT-SWAP	+0.0439%	8h	3.0020	0.000%	$853K	$1.7M	50x	as long as short
Gate NG_USDT	+0.0451%	8h	3.0060	+0.133%	$1.5M	$209K	100x	as long as short
Variational Omni NATGAS	+0.0547%	4h	3.0019	−0.004%	$311K	$444K	—	as long as short
Binance NATGASUSDT	+0.0596%	4h	3.0010	−0.033%	$10.2M	$28.9M	100x	as long as short
edgeX NATGASUSDC	+0.0598%	4h	3.0019	−0.004%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0968%	4h	2.9990	−0.100%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1109%	1h	3.0026	+0.019%	$53K	$34K	20x	as long as short