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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.061%
Price spread now: OKX against ApeX Omni+0.067%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1281.280% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.229%+$23 on $10k
Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.067%, 7d avg −0.040%
Together, before fees+0.124%+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.106% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT3.00000.0100pay 0.0013% / 1h58m 57s$37K$217K50x
ShortOKX NG-USDT-SWAP3.00200.0274get 0.0274% / 8h6h 58m$865K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$36.54
Price spread: +0.067% → −0.040%
$10.63
Slippage, 4 orders
−$108.04
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$80.86
Costs to cover
1.280%
Break-even
22.5 days
Slippage from ApeX Omni: live order book, 7 min ago; OKX: live order book, 3 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, 7 min ago16.64 bp52.4 bp −$52270.6 bp −$2,706doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago1.66 bp9.3 bp −$921.5 bp −$215doesn'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
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8396−5.347%as long as short
SunX NATGAS-USDT0.0000%4h3.0062+0.207%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0030+0.100%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0036+0.120%$617K$424K10xas long as short
Extended XNG-USD+0.0032%1h3.0009+0.029%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.100%$37810xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0021+0.070%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0015+0.050%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.157%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0037+0.123%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0028+0.095%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0010+0.033%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDTlong+0.0100%1h3.0000long leg$37K$217K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030+0.100%$1.5M$94K10xas long as short
Aster NATGASUSDT+0.0113%4h3.0030+0.100%$266K$73K50xas long as short
HTX NATGAS-USDT+0.0209%4h3.0063+0.210%$98K$211K75xas long as short
Variational Omni NATGAS+0.0215%4h3.0030+0.099%$312K$443Kas long as short
BloFin NG-USDT+0.0242%8h2.9990−0.033%$81K$189K20xas long as short
OKX NG-USDT-SWAPshort+0.0274%8h3.0020+0.067%$865K$1.7M50x
Binance NATGASUSDT+0.0298%4h3.0026+0.086%$10.1M$29.2M100xas long as short
edgeX NATGASUSDC+0.0304%4h3.0030+0.100%$85K$213K20xas long as short
GRVT NATGAS_USDT_Perp+0.0338%4h3.0024+0.079%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0050+0.167%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0415% / S −0.0351%1h3.0045+0.150%$92K45xas long as short
Bitget NATGASUSDT+0.0436%4h2.9990−0.033%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0055+0.183%$52K$36K20xas long as short