Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0299%/8h= −32.7% APRpaid last 24h −0.261%

Price spread now: Gate against Bitget+0.201%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.567%−$57 on $10k

Price spread, last 7 days−0.085%−$9 · spread now +0.201%, 7d avg +0.095%

Together, before fees−0.652%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.105% dearer against Bitget than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of +0.095%): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NATGASUSDT	2.9900	0.0498	pay 0.0249% / 4h	44m 56s	$10.0M	$3.9M	100x
Short	Gate NG_USDT	2.9960	0.0199	get 0.0199% / 8h	44m 56s	$1.5M	$284K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now +0.201%Rate

Funding earned: −$62.79
Price spread: +0.201% → +0.095%: $10.54
Slippage, 4 orders: −$38.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$118.1
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	1.67 bp	11.9 bp −$12	20.7 bp −$207	61.1 bp −$6,108	doesn't fit
Sell Gate live order book, 2 min ago	1.67 bp	17.8 bp −$18	43.6 bp −$436	doesn't fit	doesn't fit

NATGAS on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	−0.0072%	1h	2.9921	+0.070%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8279	−5.421%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9951	+0.171%	$2K	$2.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9947	+0.157%	$98K	$214K	75x	as long as short
QFEX NATGAS-USD	+0.0030%	1h	2.9920	+0.067%	$657K	$86K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9942	+0.140%	$619K	$416K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9930	+0.100%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9925	+0.084%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9922	+0.074%	$84K	$43K	10x	as long as short
Paradex NG-USD-PERP	+0.0081%	8h	2.9930	+0.101%	$5K	—	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	2.9929	+0.096%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	2.9930	+0.100%	$1.0M	$1.2M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	0.000%	$36K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	0.000%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9940	+0.134%	$1.5M	$98K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0130%	4h	2.9928	+0.094%	$13K	$238K	25x	as long as short
Extended XNG-USD	+0.0168%	1h	2.9918	+0.061%	$110K	$471K	5x	as long as short
Gate NG_USDTshort	+0.0199%	8h	2.9960	+0.201%	$1.5M	$284K	100x
OKX NG-USDT-SWAP	+0.0219%	8h	2.9920	+0.067%	$856K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0246%	8h	2.9930	+0.100%	$80K	$189K	20x	as long as short
Aster NATGASUSDT	+0.0278%	4h	2.9942	+0.141%	$265K	$105K	50x	as long as short
Variational Omni NATGAS	+0.0298%	4h	2.9931	+0.105%	$311K	$443K	—	as long as short
Binance NATGASUSDT	+0.0383%	4h	2.9935	+0.118%	$10.1M	$30.3M	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0405% / S −0.0333%	1h	2.9935	+0.117%	$93K	—	45x	as long as short
edgeX NATGASUSDC	+0.0434%	4h	2.9931	+0.104%	$85K	$212K	20x	as long as short
Bitget NATGASUSDTlong	+0.0498%	4h	2.9900	long leg	$10.0M	$3.9M	100x
Kraken Futures PF_NATGASUSD	+0.1218%	1h	2.9945	+0.151%	$52K	$39K	20x	as long as short