Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0855%/8hpaid last 24h −0.280%

Price spread now: Ondo Perps against Bitget+0.107%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−1.091%−$109 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.107% dearer against Bitget than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 10 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NATGASUSDT	2.9820	0.0974	pay 0.0487% / 4h	22m 42s	$9.9M	$4.2M	100x
Short	Ondo Perps NATGAS-USD.P	2.9852	0.0119	get 0.0015% / 1h	22m 42s	$83K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$179.51
Price spread: +0.107% → 0.000%: $10.73
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$185.78
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 10 min ago; Ondo Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 10 min ago	1.67 bp	10.2 bp −$10	20.8 bp −$208	71.8 bp −$7,181	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8254	−5.252%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9871	+0.171%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0028%	1h	2.9850	+0.101%	$655K	$102K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9851	+0.104%	$616K	$414K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.8280	−5.164%	—	$378	10x	as long as short
Paradex NG-USD-PERP	+0.0086%	8h	2.9859	+0.129%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9831	+0.037%	$80K	$22K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9800	−0.067%	$36K	$210K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9800	−0.067%	$3K	$278	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9850	+0.101%	$1.5M	$98K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NATGAS-USD.Pshort	+0.0119%	1h	2.9852	+0.107%	$83K	$70K	10x
HTX NATGAS-USDT	+0.0149%	4h	2.9871	+0.171%	$97K	$225K	75x	as long as short
Hotstuff NATGAS-PERP	+0.0160%	1h	2.9854	+0.114%	$35K	—	20x	as long as short
tradeXYZ xyz:NATGAS	+0.0207%	1h	2.9851	+0.104%	$5.9M	$6.7M	10x	as long as short
Extended XNG-USD	+0.0224%	1h	2.9836	+0.053%	$112K	$1.3M	5x	as long as short
GRVT NATGAS_USDT_Perp	+0.0274%	4h	2.9850	+0.101%	$21K	$279K	25x	as long as short
KuCoin NATGASUSDTM	+0.0314%	4h	2.9850	+0.101%	$1.0M	$1.2M	20x	as long as short
BloFin NG-USDT	+0.0336%	8h	2.9830	+0.034%	$85K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0346%	8h	2.9840	+0.067%	$892K	$1.8M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0411% / S −0.0333%	1h	2.9855	+0.117%	$93K	—	45x	as long as short
Gate NG_USDT	+0.0436%	8h	2.9880	+0.201%	$1.5M	$396K	100x	as long as short
Aster NATGASUSDT	+0.0444%	4h	2.9875	+0.184%	$264K	$104K	50x	as long as short
Variational Omni NATGAS	+0.0468%	4h	2.9845	+0.083%	$310K	$493K	—	as long as short
Binance NATGASUSDT	+0.0512%	4h	2.9856	+0.121%	$10.1M	$32.8M	100x	as long as short
edgeX NATGASUSDC	+0.0517%	4h	2.9855	+0.116%	$85K	$213K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0829%	1h	2.9871	+0.170%	$52K	$55K	20x	as long as short
Bitget NATGASUSDTlong	+0.0974%	4h	2.9820	long leg	$9.9M	$4.2M	100x