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+0.0353%/8h= +38.6% APRpaid last 24h +0.005%
Price spread now: BloFin against Aster−0.102%52s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$790.793% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.265%+$27 on $10k
Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.102%, 7d avg −0.050%
Together, before fees+0.327%+ Points / potential airdropAster: Stage 5 · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.052% cheaper against Aster than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.050%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.265% in total) that is about 33 hours. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT3.00910.0290pay 0.0145% / 4h1h 40m$265K$70K50x
ShortBloFin NG-USDT3.00600.0643get 0.0643% / 8h1h 40m$82K$195K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Aster. 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
$74.03
Price spread: −0.102% → −0.050%
−$5.2
Slippage, 4 orders
−$59.31
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$10.48
Costs to cover
0.793%
Break-even
8.0 days
Slippage from Aster: live order book, 1 min ago; BloFin: live order book, 35 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 Aster live order book, 1 min ago8.31 bp40.0 bp −$40232.7 bp −$2,327doesn't fitdoesn't fit
Sell BloFin live order book, 35 min ago3.33 bp12.2 bp −$1213.7 bp −$137doesn'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%1h2.8449−5.456%as long as short
SunX NATGAS-USDT0.0000%4h3.0092+0.004%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0060−0.102%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0064−0.089%$629K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0059−0.104%$111K$330K5xas long as short
HTX NATGAS-USDT+0.0034%4h3.0083−0.026%$107K$205K75xas long as short
Vest NG-PERP+0.0046%1h3.0070−0.069%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0083−0.026%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0057%8h3.0084−0.023%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0070%1h3.0069−0.072%$6.0M$5.5M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0043−0.159%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.302%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0100+0.031%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0080−0.036%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0132%4h3.0060−0.102%$22K$210K25xas long as short
Hotstuff NATGAS-PERP+0.0144%1h3.0073−0.059%$35K20xas long as short
KuCoin NATGASUSDTM+0.0280%4h3.0050−0.135%$1.0M$929K20xas long as short
Aster NATGASUSDTlong+0.0290%4h3.0091long leg$265K$70K50x
Variational Omni NATGAS+0.0512%4h3.0070−0.070%$317K$432Kas long as short
Binance NATGASUSDT+0.0534%4h3.0076−0.048%$10.3M$28.6M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0546% / S −0.0551%1h3.0075−0.052%$88K45xas long as short
edgeX NATGASUSDC+0.0549%4h3.0058−0.107%$85K$213K20xas long as short
Gate NG_USDT+0.0634%8h3.0100+0.031%$1.5M$196K100xas long as short
BloFin NG-USDTshort+0.0643%8h3.0060−0.102%$82K$195K20x
OKX NG-USDT-SWAP+0.0651%8h3.0080−0.036%$875K$1.8M50xas long as short
Bitget NATGASUSDT+0.0960%4h3.0040−0.169%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0986%1h3.0088−0.008%$56K$35K20xas long as short