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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.5% APRnext payment +$0.75 per $10,000 · paid last 24h +0.044%
Price spread now: edgeX against Aster+0.068%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1371.374% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.204%+$20 on $10k
Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.068%, 7d avg −0.010%
Together, before fees+0.116%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$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 edgeX is 0.078% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT2.99600.0044pay 0.0022% / 4h3h 47m$265K$73K50x
ShortedgeX NATGASUSDC2.99800.0194get 0.0097% / 4h3h 47m$85K$213K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$31.55
Price spread: +0.068% → −0.010%
$7.8
Slippage, 4 orders
−$120.38
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$98.02
Costs to cover
1.374%
Break-even
28.7 days
Slippage from Aster: live order book, 24 min ago; edgeX: live order book, 24 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, 24 min ago5.00 bp67.3 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 24 min ago13.36 bp21.1 bp −$2129.5 bp −$295doesn'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%1h2.8336−5.421%as long as short
SunX NATGAS-USDT0.0000%4h3.0002+0.140%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h2.9970+0.033%$658K$85K20xas long as short
Lighter NATGAS+0.0032%1h2.9992+0.107%$616K$412K10xas long as short
Extended XNG-USD+0.0032%1h2.9967+0.022%$110K$451K5xas long as short
Hotstuff NATGAS-PERP+0.0032%1h2.9975+0.050%$35K20xas long as short
Aster NATGASUSDTlong+0.0044%4h2.9960long leg$265K$73K50x
Vest NG-PERP+0.0046%1h2.9970+0.033%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9972+0.040%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0001+0.137%$84K$36K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0058%8h2.9992+0.106%$5K5xas long as short
Variational Omni NATGAS+0.0074%4h2.9980+0.068%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9979+0.064%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9970+0.033%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.200%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.134%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9980+0.067%$1.5M$95K10xas long as short
BloFin NG-USDT+0.0127%8h2.9980+0.067%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0159%8h2.9970+0.033%$857K$1.7M50xas long as short
Binance NATGASUSDT+0.0192%4h2.9986+0.087%$10.1M$29.5M100xas long as short
edgeX NATGASUSDCshort+0.0194%4h2.9980+0.068%$85K$213K20x
Bitget NATGASUSDT+0.0232%4h2.99600.000%$10.0M$3.5M100xas long as short
HTX NATGAS-USDT+0.0268%4h3.0002+0.140%$98K$211K75xas long as short
GRVT NATGAS_USDT_Perp+0.0296%4h2.9972+0.041%$25K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9985+0.083%$93K45xas long as short
Gate NG_USDT+0.0468%8h3.0000+0.134%$1.5M$254K100xas long as short
Kraken Futures PF_NATGASUSD+0.1002%1h2.9990+0.102%$52K$39K20xas long as short