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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −11.0% APRnext payment $0.13 per $10,000 · paid last 24h −0.030%
Price spread now: gTrade (Gains Network) against ApeX Omni−5.452%7-day average · you buy dearer than you sell
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 1 day (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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 5.452% cheaper against ApeX Omni than usual: you would sell low and buy high (−$545 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT3.01000.0100pay 0.0013% / 1h23m 08s$37K$217K50x
ShortgTrade (Gains Network) NATGAS/USD2.8459L 0.0000% / S 0.0000%pay 0.0000% / 1h23m 08s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$21.04
Price spread: −5.452% → 0.000%
−$545.18
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$586.22
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 18 min ago; gTrade (Gains Network): no order-book sample. 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 ApeX Omni live order book, 18 min ago16.64 bp51.5 bp −$52263.5 bp −$2,635doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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/USDshortL 0.0000% / S 0.0000%1h2.8459−5.452%
SunX NATGAS-USDT0.0000%4h3.0092−0.027%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0070−0.100%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0079−0.070%$630K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0066−0.112%$111K$283K5xas long as short
Vest NG-PERP+0.0046%1h3.0070−0.100%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0068−0.106%$6.0M$5.4M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0056−0.146%$83K$26K10xas long as short
HTX NATGAS-USDT+0.0054%4h3.0089−0.037%$107K$201K75xas long as short
Paradex NG-USD-PERP+0.0055%8h3.0088−0.040%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0053−0.156%$68K$33K10xas long as short
ApeX Omni NATGASUSDTlong+0.0100%1h3.0100long leg$37K$217K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.01000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0080−0.066%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0152%4h3.0064−0.120%$22K$210K25xas long as short
Hotstuff NATGAS-PERP+0.0184%1h3.0072−0.093%$35K20xas long as short
KuCoin NATGASUSDTM+0.0256%4h3.0050−0.166%$1.0M$915K20xas long as short
Aster NATGASUSDT+0.0281%4h3.0092−0.026%$265K$70K50xas long as short
Variational Omni NATGAS+0.0508%4h3.0070−0.101%$319K$393Kas long as short
Binance NATGASUSDT+0.0523%4h3.0076−0.080%$10.3M$28.6M100xas long as short
edgeX NATGASUSDC+0.0547%4h3.0070−0.101%$85K$211K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0554% / S −0.0561%1h3.0075−0.083%$88K45xas long as short
Gate NG_USDT+0.0624%8h3.0090−0.033%$1.5M$196K100xas long as short
OKX NG-USDT-SWAP+0.0653%8h3.0080−0.066%$877K$1.8M50xas long as short
BloFin NG-USDT+0.0679%8h3.0070−0.100%$83K$198K20xas long as short
Bitget NATGASUSDT+0.0954%4h3.0050−0.166%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0986%1h3.0086−0.045%$56K$35K20xas long as short