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+0.0728%/8h= +79.7% APRpaid last 24h +0.213%
Price spread now: Bitget against ApeX Omni−0.033%113s7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1311.314% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.976%+$98 on $10k
Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.033%, 7d avg −0.041%
Together, before fees+0.910%+$91 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT3.00000.0100pay 0.0013% / 1h9m 42s$37K$215K50x
ShortBitget NATGASUSDT2.99900.0828get 0.0414% / 4h9m 42s$9.9M$3.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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
$152.88
Price spread: −0.033% → −0.041%
$0.78
Slippage, 4 orders
−$109.44
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$22.22
Costs to cover
1.314%
Break-even
6.0 days
Slippage from ApeX Omni: live order book, 26 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 26 min ago16.64 bp52.2 bp −$52264.1 bp −$2,641doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago1.67 bp11.0 bp −$1120.5 bp −$20564.4 bp −$6,439doesn't fit

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−0.0016%1h3.0026+0.087%$35K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8385−5.383%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.107%$2K$2.4M20xas long as short
HTX NATGAS-USDT0.0000%4h3.0026+0.087%$117K$216K75xas long as short
QFEX NATGAS-USD+0.0004%1h3.0010+0.033%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0025+0.083%$631K$495K10xas long as short
Extended XNG-USD+0.0032%1h3.0017+0.058%$109K$273K5xas long as short
Vest NG-PERP+0.0046%1h3.0010+0.033%$14K10xas long as short
GRVT NATGAS_USDT_Perp+0.0046%4h3.0012+0.039%$15K$222K25xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0019+0.063%$6.0M$5.2M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NATGAS-USD.P+0.0050%1h3.0003+0.010%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0051%8h3.0027+0.088%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0004+0.013%$69K$32K10xas long as short
ApeX Omni NATGASUSDTlong+0.0100%1h3.0000long leg$37K$215K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0010+0.033%$1.5M$90K10xas long as short
KuCoin NATGASUSDTM+0.0142%4h3.00000.000%$1.0M$867K20xas long as short
Aster NATGASUSDT+0.0153%4h3.0040+0.133%$264K$69K50xas long as short
Variational Omni NATGAS+0.0349%4h3.0011+0.037%$318K$390Kas long as short
Binance NATGASUSDT+0.0371%4h3.0016+0.054%$10.4M$28.6M100xas long as short
edgeX NATGASUSDC+0.0394%4h3.0016+0.052%$85K$213K20xas long as short
BloFin NG-USDT+0.0546%8h3.0020+0.067%$80K$198K20xas long as short
OKX NG-USDT-SWAP+0.0559%8h3.00000.000%$802K$1.8M50xas long as short
Gate NG_USDT+0.0571%8h3.0040+0.133%$1.5M$196K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0589% / S −0.0604%1h3.0015+0.050%$88K45xas long as short
Bitget NATGASUSDTshort+0.0828%4h2.9990−0.033%$9.9M$3.0M100x
Kraken Futures PF_NATGASUSD+0.0862%1h3.0031+0.104%$55K$35K20xas long as short