Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0568%/8h= +62.1% APRpaid last 24h +0.077%

Price spread now: OKX 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 OKX

What this pair did over the last

the charts below follow

Funding, last 4 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. OKX 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 14 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NG-PERP	3.0070	0.0046	pay 0.0006% / 1h	30m 59s	—	$14K	10x
Short	OKX NG-USDT-SWAP	3.0040	0.0613	get 0.0613% / 8h	30m 59s	$852K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $119.19
Price spread: −0.100% → 0.000%: −$9.98
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: $97.21
Costs to cover: 0.120%
Break-even: 1.3 days

Slippage unknown: Vest: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	1.66 bp	6.7 bp −$7	15.6 bp −$156	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
Hotstuff NATGAS-PERP	−0.0088%	1h	3.0072	+0.007%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8455	−5.371%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0092	+0.073%	$2K	$2.4M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	3.0092	+0.073%	$117K	$217K	75x	as long as short
QFEX NATGAS-USD	+0.0004%	1h	3.0070	0.000%	$660K	$96K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0080	+0.033%	$632K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0068	−0.008%	$111K	$271K	5x	as long as short
Vest NG-PERPlong	+0.0046%	1h	3.0070	long leg	—	$14K	10x
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0078	+0.027%	$6.0M	$5.2M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0088	+0.060%	$83K	$26K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NG-USD-PERP	+0.0051%	8h	3.0078	+0.027%	$5K	—	5x	as long as short
GRVT NATGAS_USDT_Perp	+0.0076%	4h	3.0050	−0.067%	$15K	$222K	25x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0071	+0.002%	$70K	$32K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.100%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.233%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0070	0.000%	$1.5M	$91K	10x	as long as short
KuCoin NATGASUSDTM	+0.0166%	4h	3.0060	−0.033%	$1.0M	$885K	20x	as long as short
Aster NATGASUSDT	+0.0183%	4h	3.0068	−0.008%	$265K	$65K	50x	as long as short
Variational Omni NATGAS	+0.0402%	4h	3.0069	−0.003%	$319K	$390K	—	as long as short
Binance NATGASUSDT	+0.0418%	4h	3.0070	0.000%	$10.4M	$28.4M	100x	as long as short
edgeX NATGASUSDC	+0.0438%	4h	3.0067	−0.011%	$85K	$213K	20x	as long as short
Gate NG_USDT	+0.0578%	8h	3.0090	+0.067%	$1.5M	$195K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0578% / S −0.0591%	1h	3.0075	+0.017%	$88K	—	45x	as long as short
BloFin NG-USDT	+0.0611%	8h	3.0060	−0.033%	$82K	$198K	20x	as long as short
OKX NG-USDT-SWAPshort	+0.0613%	8h	3.0040	−0.100%	$852K	$1.8M	50x
Kraken Futures PF_NATGASUSD	+0.0860%	1h	3.0090	+0.067%	$56K	$35K	20x	as long as short
Bitget NATGASUSDT	+0.0866%	4h	3.0040	−0.100%	$9.9M	$3.0M	100x	as long as short