Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0068%/8h= −7.4% APRnext payment $0.09 per $10,000 · paid last 24h −0.008%
Price spread now: Extended against ApeX Omni+0.117%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1181.176% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.117%, 7d avg −0.001%
Together, before fees−0.055%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.119% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of −0.001%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT3.00000.0100pay 0.0013% / 1h35m 06s$37K$214K50x
ShortExtended XNG-USD3.00350.0032get 0.0004% / 1h35m 06s$109K$253K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$14.28
Price spread: +0.117% → −0.001%
$11.88
Slippage, 4 orders
−$102.55
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$119.96
Costs to cover
1.176%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 61 min ago; Extended: live order book, 62 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, 61 min ago16.64 bp52.2 bp −$52264.1 bp −$2,641doesn't fitdoesn't fit
Sell Extended live order book, 62 min ago0.83 bp3.9 bp −$49.0 bp −$90doesn't fitdoesn'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
QFEX NATGAS-USD0.0000%1h3.0050+0.167%$660K$96K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8421−5.263%as long as short
SunX NATGAS-USDT0.0000%4h3.0082+0.273%$2K$2.3M20xas long as short
Lighter NATGAS+0.0032%1h3.0054+0.180%$631K$483K10xas long as short
Extended XNG-USDshort+0.0032%1h3.0035+0.117%$109K$253K5x
Vest NG-PERP+0.0046%1h3.0050+0.167%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0042+0.140%$6.0M$5.2M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0028+0.093%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0051%8h3.0066+0.221%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0043+0.143%$69K$30K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDTlong+0.0100%1h3.0000long leg$37K$214K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060+0.200%$1.5M$90K10xas long as short
Hotstuff NATGAS-PERP+0.0128%1h3.0035+0.117%$35K20xas long as short
KuCoin NATGASUSDTM+0.0148%4h3.0040+0.133%$1.0M$843K20xas long as short
Aster NATGASUSDT+0.0173%4h3.0030+0.101%$264K$69K50xas long as short
HTX NATGAS-USDT+0.0187%4h3.0078+0.260%$119K$221K75xas long as short
GRVT NATGAS_USDT_Perp+0.0264%4h3.0030+0.100%$20K$221K25xas long as short
Gate NG_USDT+0.0294%8h3.0080+0.267%$1.5M$193K100xas long as short
Variational Omni NATGAS+0.0342%4h3.0070+0.233%$318K$391Kas long as short
Binance NATGASUSDT+0.0363%4h3.0060+0.200%$10.4M$28.8M100xas long as short
edgeX NATGASUSDC+0.0370%4h3.0027+0.091%$85K$212K20xas long as short
BloFin NG-USDT+0.0488%8h3.0030+0.100%$76K$198K20xas long as short
OKX NG-USDT-SWAP+0.0505%8h3.0060+0.200%$802K$1.9M50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0587% / S −0.0602%1h3.0055+0.183%$88K45xas long as short
Kraken Futures PF_NATGASUSD+0.0684%1h3.0050+0.168%$54K$36K20xas long as short
Bitget NATGASUSDT+0.0846%4h3.0030+0.100%$9.9M$3.0M100xas long as short