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+0.0423%/8h= +46.3% APRnext payment +$2.12 per $10,000 · paid last 24h +0.115%
Price spread now: Bitget against Binance−0.066%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs+$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.337% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.822%+$82 on $10k
Price spread, last 7 days+0.061%+$6 · spread now −0.066%, 7d avg −0.048%
Together, before fees+0.883%+$88 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NATGASUSDT3.01000.0547pay 0.0273% / 4h1h 53m$10.3M$28.5M100x
ShortBitget NATGASUSDT3.00800.0970get 0.0485% / 4h1h 53m$10.0M$3.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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
$88.85
Price spread: −0.066% → −0.048%
−$1.84
Slippage, 4 orders
−$11.7
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$53.31
Costs to cover
0.337%
Break-even
2.8 days
Slippage from Binance: live order book, 3 min ago; Bitget: live order book, 5 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 Binance live order book, 3 min ago1.66 bp6.7 bp −$78.8 bp −$8835.7 bp −$3,569122.7 bp −$61.4K
Sell Bitget live order book, 5 min ago1.66 bp12.0 bp −$1220.8 bp −$20882.3 bp −$8,228doesn'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%1h2.8494−5.336%as long as short
SunX NATGAS-USDT0.0000%4h3.0055−0.150%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0090−0.033%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0090−0.033%$630K$500K10xas long as short
Extended XNG-USD+0.0032%1h3.0085−0.050%$110K$332K5xas long as short
Vest NG-PERP+0.0046%1h3.0090−0.033%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0062−0.126%$83K$26K10xas long as short
Hotstuff NATGAS-PERP+0.0056%1h3.0079−0.070%$35K20xas long as short
Paradex NG-USD-PERP+0.0059%8h3.0103+0.010%$5K5xas long as short
HTX NATGAS-USDT+0.0067%4h3.0087−0.043%$107K$210K75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NATGAS+0.0091%1h3.01000.000%$6.0M$5.5M10xas long as short
Pacifica NATGAS+0.0100%1h3.0090−0.033%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.01000.000%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.332%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0080−0.066%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0122%4h3.0090−0.033%$22K$222K25xas long as short
KuCoin NATGASUSDTM+0.0290%4h3.0080−0.066%$1.0M$938K20xas long as short
Aster NATGASUSDT+0.0304%4h3.0120+0.065%$265K$70K50xas long as short
Variational Omni NATGAS+0.0525%4h3.0090−0.034%$318K$432Kas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0537% / S −0.0540%1h3.0085−0.050%$88K45xas long as short
Binance NATGASUSDTlong+0.0547%4h3.0100long leg$10.3M$28.5M100x
edgeX NATGASUSDC+0.0547%4h3.0093−0.023%$85K$212K20xas long as short
Gate NG_USDT+0.0627%8h3.0120+0.066%$1.5M$195K100xas long as short
BloFin NG-USDT+0.0637%8h3.01000.000%$82K$195K20xas long as short
OKX NG-USDT-SWAP+0.0653%8h3.0090−0.033%$872K$1.8M50xas long as short
Bitget NATGASUSDTshort+0.0970%4h3.0080−0.066%$10.0M$3.1M100x
Kraken Futures PF_NATGASUSD+0.0986%1h3.0102+0.007%$56K$35K20xas long as short