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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.328%
Price spread now: Extended against Bitget+0.041%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$300.300% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.981%−$98 on $10k
Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.041%, 7d avg +0.041%
Together, before fees−0.904%+ Points / potential airdropExtended: Active · farm board−$90 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.041%, 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 NATGASUSDT2.99100.0426pay 0.0213% / 4h38m 32s$10.0M$3.9M100x
ShortExtended XNG-USD2.99220.0136get 0.0017% / 1h38m 32s$110K$471K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$60.9
Price spread: +0.041% → +0.041%
−$0.04
Slippage, 4 orders
−$13
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$90.94
Costs to cover
0.300%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 39 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, 5 min ago1.67 bp12.1 bp −$1222.8 bp −$22864.2 bp −$6,415doesn't fit
Sell Extended live order book, 39 min ago0.67 bp3.5 bp −$48.1 bp −$81doesn't fitdoesn't fit

NATGAS on 26 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
Hotstuff NATGAS-PERP−0.0064%1h2.9931+0.070%$35K20xas long as short
SunX NATGAS-USDT0.0000%4h2.9961+0.171%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9960+0.167%$98K$214K75xas long as short
QFEX NATGAS-USD+0.0030%1h2.9930+0.067%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9947+0.124%$619K$416K10xas long as short
Vest NG-PERP+0.0046%1h2.9940+0.100%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9931+0.070%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9958+0.160%$84K$43K10xas long as short
Paradex NG-USD-PERP+0.0077%8h2.9940+0.102%$5K5xas long as short
GRVT NATGAS_USDT_Perp+0.0082%4h2.9933+0.077%$13K$238K25xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9932+0.074%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9930+0.067%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.033%$36K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h2.9900−0.033%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9950+0.134%$1.5M$97K10xas long as short
Extended XNG-USDshort+0.0136%1h2.9922+0.041%$110K$471K5x
Gate NG_USDT+0.0194%8h2.9960+0.167%$1.5M$285K100xas long as short
OKX NG-USDT-SWAP+0.0200%8h2.9940+0.100%$857K$1.7M50xas long as short
Aster NATGASUSDT+0.0222%4h2.9943+0.111%$265K$105K50xas long as short
BloFin NG-USDT+0.0229%8h2.9930+0.067%$80K$189K20xas long as short
Variational Omni NATGAS+0.0265%4h2.9931+0.071%$311K$443Kas long as short
Binance NATGASUSDT+0.0329%4h2.9940+0.100%$10.1M$30.2M100xas long as short
edgeX NATGASUSDC+0.0373%4h2.9931+0.071%$85K$211K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9945+0.117%$93K45xas long as short
Bitget NATGASUSDTlong+0.0426%4h2.9910long leg$10.0M$3.9M100x
Kraken Futures PF_NATGASUSD+0.1217%1h2.9954+0.149%$52K$39K20xas long as short