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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0856%/8h= −93.8% APRpaid last 24h −0.230%
Price spread now: gTrade (Gains Network) against Bitget−5.397%395s7-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 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and gTrade (Gains Network) is 5.397% cheaper against Bitget than usual: you would sell low and buy high (−$540 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 395 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NATGASUSDT2.99400.0856pay 0.0428% / 4h2h 53m$9.9M$3.0M100x
ShortgTrade (Gains Network) NATGAS/USD2.8324L 0.0000% / S 0.0000%pay 0.0000% / 1h53m 52s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$179.8
Price spread: −5.397% → 0.000%
−$539.75
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$741.54
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 5 min ago; gTrade (Gains Network): 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 Bitget live order book, 5 min ago1.67 bp13.1 bp −$1323.5 bp −$23588.2 bp −$8,816doesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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 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−0.0008%1h2.9977+0.124%$35K20xas long as short
gTrade (Gains Network) NATGAS/USDshortL 0.0000% / S 0.0000%1h2.8324−5.397%
SunX NATGAS-USDT0.0000%4h2.9981+0.137%$2K$2.1M20xas long as short
HTX NATGAS-USDT+0.0002%4h2.9976+0.120%$118K$222K75xas long as short
QFEX NATGAS-USD+0.0024%1h2.9960+0.067%$659K$98K20xas long as short
Lighter NATGAS+0.0032%1h2.9971+0.104%$632K$484K10xas long as short
Extended XNG-USD+0.0032%1h2.9963+0.078%$112K$259K5xas long as short
Vest NG-PERP+0.0046%1h2.9970+0.100%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9958+0.060%$6.0M$5.6M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9973+0.110%$84K$28K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0075%8h2.9984+0.147%$5K5xas long as short
Pacifica NATGAS+0.0100%1h2.9963+0.076%$70K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.134%$36K$214K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h2.9900−0.134%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9960+0.067%$1.5M$92K10xas long as short
GRVT NATGAS_USDT_Perp+0.0194%4h2.9940+0.001%$20K$205K25xas long as short
Aster NATGASUSDT+0.0207%4h2.9947+0.023%$264K$68K50xas long as short
KuCoin NATGASUSDTM+0.0230%4h2.9970+0.100%$1.1M$848K20xas long as short
Gate NG_USDT+0.0247%8h3.0000+0.200%$1.5M$198K100xas long as short
Kraken Futures PF_NATGASUSD+0.0298%1h2.9958+0.060%$53K$45K20xas long as short
Variational Omni NATGAS+0.0382%4h2.9959+0.064%$355K$429Kas long as short
Binance NATGASUSDT+0.0399%4h2.9960+0.067%$9.8M$31.6M100xas long as short
edgeX NATGASUSDC+0.0412%4h2.9956+0.055%$85K$211K20xas long as short
BloFin NG-USDT+0.0467%8h2.9970+0.100%$77K$198K20xas long as short
OKX NG-USDT-SWAP+0.0484%8h2.9950+0.033%$811K$1.9M50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0587% / S −0.0602%1h2.9975+0.117%$88K45xas long as short
Bitget NATGASUSDTlong+0.0856%4h2.9940long leg$9.9M$3.0M100x