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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h −0.055%
Price spread now: Ondo Perps against Aster−0.248%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 7 days+0.056%+$6 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.248% cheaper against Aster than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT3.00880.0096pay 0.0048% / 4h43m 15s$259K$71K50x
ShortOndo Perps NATGAS-USD.P3.00130.0050get 0.0006% / 1h43m 15s$84K$28K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$9.48
Price spread: −0.248% → 0.000%
−$24.83
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$47.32
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 62 min ago; Ondo Perps: 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 Aster live order book, 62 min ago4.99 bp35.4 bp −$3550.6 bp −$506doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.1600%1h2.9965−0.408%$36K$59920xas long as short
GRVT NATGAS_USDT_Perp0.0000%4h3.0087−0.003%$25K$195K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8436−5.490%as long as short
SunX NATGAS-USDT0.0000%4h3.0112+0.081%$2K$1.6M20xas long as short
HTX NATGAS-USDT0.0000%4h3.0086−0.006%$119K$219K75xas long as short
QFEX NATGAS-USD+0.0003%1h3.0080−0.026%$596K$101K20xas long as short
Lighter NATGAS+0.0032%1h3.0056−0.105%$649K$707K10xas long as short
Extended XNG-USD+0.0032%1h3.0051−0.121%$123K$357K5xas long as short
Vest NG-PERP+0.0046%1h3.0060−0.092%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0060−0.092%$6.0M$5.0M10xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0050%8h3.0095+0.025%$5K5xas long as short
Ondo Perps NATGAS-USD.Pshort+0.0050%1h3.0013−0.248%$84K$28K10x
Aster NATGASUSDTlong+0.0096%4h3.0088long leg$259K$71K50x
Pacifica NATGAS+0.0100%1h3.0073−0.049%$69K$39K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0050−0.125%$1.1M$746K20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.041%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.292%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070−0.059%$1.5M$96K10xas long as short
Variational Omni NATGAS+0.0183%4h3.0057−0.101%$356K$419Kas long as short
Kraken Futures PF_NATGASUSD+0.0240%1h3.0067−0.068%$53K$48K20xas long as short
Binance NATGASUSDT+0.0244%4h3.0061−0.090%$10.0M$32.9M100xas long as short
edgeX NATGASUSDC+0.0252%4h3.0069−0.061%$85K$212K20xas long as short
Gate NG_USDT+0.0336%8h3.0100+0.041%$1.5M$159K100xas long as short
OKX NG-USDT-SWAP+0.0355%8h3.0060−0.092%$841K$2.0M50xas long as short
BloFin NG-USDT+0.0374%8h3.0100+0.041%$81K$202K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0403% / S −0.0375%1h3.0065−0.076%$88K45xas long as short
Bitget NATGASUSDT+0.0800%4h3.0040−0.159%$10.0M$2.7M100xas long as short