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−0.0378%/8h= −41.4% APRnext payment $1.89 per $10,000 · paid last 24h −0.112%
Price spread now: edgeX against Bitget+0.067%64s7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$760.755% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.799%−$80 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.067%, 7d avg +0.050%
Together, before fees−0.831%+ Points / potential airdropedgeX: Active · farm board−$83 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NATGASUSDT3.00300.1016pay 0.0508% / 4h2h 24m$9.9M$3.2M100x
ShortedgeX NATGASUSDC3.00500.0638get 0.0319% / 4h2h 24m$85K$212K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
−$79.45
Price spread: +0.067% → +0.050%
$1.7
Slippage, 4 orders
−$54.5
Fee Bitget: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$153.26
Costs to cover
0.755%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 22 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, 4 min ago1.66 bp10.1 bp −$1019.5 bp −$19552.2 bp −$5,219doesn't fit
Sell edgeX live order book, 22 min ago13.32 bp21.1 bp −$2129.2 bp −$292doesn'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%1h2.8456−5.241%as long as short
SunX NATGAS-USDT0.0000%4h3.0072+0.140%$2K$2.4M20xas long as short
Lighter NATGAS+0.0032%1h3.0059+0.097%$629K$504K10xas long as short
Extended XNG-USD+0.0032%1h3.0057+0.089%$110K$334K5xas long as short
QFEX NATGAS-USD+0.0033%1h3.0060+0.100%$660K$96K20xas long as short
Vest NG-PERP+0.0046%1h3.0060+0.100%$14K10xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0062+0.107%$35K20xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0070+0.133%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0069%8h3.0074+0.148%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0071%1h3.0055+0.083%$6.0M$5.6M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0047+0.057%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.100%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.100%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0050+0.067%$1.5M$93K10xas long as short
HTX NATGAS-USDT+0.0216%4h3.0070+0.133%$107K$212K75xas long as short
GRVT NATGAS_USDT_Perp+0.0240%4h3.0041+0.035%$13K$212K25xas long as short
KuCoin NATGASUSDTM+0.0356%4h3.0040+0.033%$1.0M$958K20xas long as short
Aster NATGASUSDT+0.0386%4h3.0080+0.167%$264K$75K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0520% / S −0.0467%1h3.0055+0.083%$92K45xas long as short
Variational Omni NATGAS+0.0592%4h3.0050+0.067%$317K$432Kas long as short
Gate NG_USDT+0.0596%8h3.0090+0.200%$1.5M$195K100xas long as short
Binance NATGASUSDT+0.0617%4h3.0060+0.100%$10.3M$28.3M100xas long as short
edgeX NATGASUSDCshort+0.0638%4h3.0050+0.067%$85K$212K20x
BloFin NG-USDT+0.0644%8h3.0040+0.033%$82K$195K20xas long as short
OKX NG-USDT-SWAP+0.0656%8h3.0050+0.067%$867K$1.7M50xas long as short
Bitget NATGASUSDTlong+0.1016%4h3.0030long leg$9.9M$3.2M100x
Kraken Futures PF_NATGASUSD+0.1181%1h3.0076+0.152%$56K$35K20xas long as short