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−0.0305%/8h= −33.4% APRpaid last 24h −0.152%
Price spread now: BloFin against Bitget0.000%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$460.460% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.750%−$75 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now 0.000%, 7d avg +0.010%
Together, before fees−0.742%−$74 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NATGASUSDT3.00700.0968pay 0.0484% / 4h1h 51m$9.9M$3.1M100x
ShortBloFin NG-USDT3.00700.0663get 0.0663% / 8h1h 51m$82K$195K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
−$63.96
Price spread: 0.000% → +0.010%
−$0.99
Slippage, 4 orders
−$22.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$110.97
Costs to cover
0.460%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; BloFin: 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 Bitget live order book, 2 min ago1.66 bp11.8 bp −$1222.0 bp −$22043.3 bp −$4,335doesn't fit
Sell BloFin live order book, 24 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%1h2.8479−5.291%as long as short
SunX NATGAS-USDT0.0000%4h3.0112+0.140%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0090+0.067%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0091+0.070%$630K$500K10xas long as short
Extended XNG-USD+0.0032%1h3.0088+0.058%$110K$332K5xas long as short
HTX NATGAS-USDT+0.0043%4h3.0087+0.057%$107K$209K75xas long as short
Vest NG-PERP+0.0046%1h3.0090+0.067%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0101+0.103%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0059%8h3.0114+0.145%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0064%1h3.0100+0.100%$35K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NATGAS+0.0083%1h3.0096+0.086%$6.0M$5.5M10xas long as short
Pacifica NATGAS+0.0100%1h3.0074+0.012%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.100%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0100+0.100%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0090+0.067%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0128%4h3.0100+0.100%$22K$210K25xas long as short
KuCoin NATGASUSDTM+0.0284%4h3.0080+0.033%$1.0M$937K20xas long as short
Aster NATGASUSDT+0.0303%4h3.0117+0.156%$265K$70K50xas long as short
Variational Omni NATGAS+0.0525%4h3.0090+0.066%$318K$432Kas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0539% / S −0.0542%1h3.0095+0.083%$88K45xas long as short
Binance NATGASUSDT+0.0546%4h3.0090+0.067%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0555%4h3.0087+0.056%$85K$212K20xas long as short
Gate NG_USDT+0.0629%8h3.0120+0.166%$1.5M$195K100xas long as short
OKX NG-USDT-SWAP+0.0652%8h3.0090+0.067%$872K$1.8M50xas long as short
BloFin NG-USDTshort+0.0663%8h3.00700.000%$82K$195K20x
Bitget NATGASUSDTlong+0.0968%4h3.0070long leg$9.9M$3.1M100x
Kraken Futures PF_NATGASUSD+0.0986%1h3.0111+0.136%$56K$35K20xas long as short