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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0142%/8h= −15.5% APRpaid last 24h −0.061%
Price spread now: ApeX Omni against BloFin+0.033%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1341.341% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.225%−$23 on $10k
Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.033%, 7d avg +0.036%
Together, before fees−0.239%−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NG-USDT2.99900.0242pay 0.0242% / 8h6h 59m$81K$189K20x
ShortApeX Omni NATGASUSDT3.00000.0100get 0.0013% / 1h59m 01s$37K$217K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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
−$29.79
Price spread: +0.033% → +0.036%
−$0.22
Slippage, 4 orders
−$112.1
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$164.11
Costs to cover
1.341%
Break-even
never at this rate
Slippage from BloFin: live order book, just now; ApeX Omni: live order book, 7 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 BloFin live order book, just now1.67 bp17.6 bp −$1820.8 bp −$20877.3 bp −$7,727doesn't fit
Sell ApeX Omni live order book, 7 min ago16.64 bp56.4 bp −$56275.9 bp −$2,759doesn'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%1h2.8396−5.315%as long as short
SunX NATGAS-USDT0.0000%4h3.0062+0.240%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0030+0.133%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0036+0.153%$617K$424K10xas long as short
Extended XNG-USD+0.0032%1h3.0009+0.063%$110K$451K5xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.133%$37810xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0021+0.103%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0015+0.083%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.190%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0037+0.157%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0028+0.128%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0010+0.067%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDTshort+0.0100%1h3.0000+0.033%$37K$217K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.033%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030+0.133%$1.5M$94K10xas long as short
Aster NATGASUSDT+0.0113%4h3.0030+0.133%$266K$73K50xas long as short
HTX NATGAS-USDT+0.0209%4h3.0063+0.243%$98K$211K75xas long as short
Variational Omni NATGAS+0.0215%4h3.0030+0.133%$312K$443Kas long as short
BloFin NG-USDTlong+0.0242%8h2.9990long leg$81K$189K20x
OKX NG-USDT-SWAP+0.0274%8h3.0020+0.100%$865K$1.7M50xas long as short
Binance NATGASUSDT+0.0298%4h3.0026+0.119%$10.1M$29.2M100xas long as short
edgeX NATGASUSDC+0.0304%4h3.0030+0.133%$85K$213K20xas long as short
GRVT NATGAS_USDT_Perp+0.0338%4h3.0024+0.112%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0050+0.200%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0415% / S −0.0351%1h3.0045+0.183%$92K45xas long as short
Bitget NATGASUSDT+0.0436%4h2.99900.000%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0055+0.216%$52K$36K20xas long as short