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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0394%/8h= −43.1% APRpaid last 24h −0.005%
Price spread now: Aster against BloFin+0.039%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$790.793% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.265%−$27 on $10k
Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.039%, 7d avg +0.051%
Together, before fees−0.255%+ Points / potential airdropAster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.265% in total (about -13.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NG-USDT3.00100.0629pay 0.0629% / 8h49m 02s$83K$197K20x
ShortAster NATGASUSDT3.00220.0235get 0.0117% / 4h49m 02s$264K$65K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
−$82.75
Price spread: +0.039% → +0.051%
−$1.24
Slippage, 4 orders
−$59.34
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$163.32
Costs to cover
0.793%
Break-even
never at this rate
Slippage from BloFin: live order book, 21 min ago; Aster: live order book, 53 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, 21 min ago3.32 bp14.6 bp −$1520.9 bp −$209doesn't fitdoesn't fit
Sell Aster live order book, 53 min ago8.31 bp15.4 bp −$1517.2 bp −$172doesn'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%1h2.8384−5.418%as long as short
SunX NATGAS-USDT0.0000%4h3.0031+0.070%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0004%1h3.00100.000%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0023+0.043%$630K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0015+0.018%$111K$283K5xas long as short
HTX NATGAS-USDT+0.0036%4h3.0044+0.113%$117K$216K75xas long as short
Vest NG-PERP+0.0046%1h3.0020+0.033%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0020+0.033%$6.0M$5.3M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.00100.000%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0052%8h3.0023+0.045%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP+0.0096%1h3.0014+0.013%$35K20xas long as short
Pacifica NATGAS+0.0100%1h2.9997−0.043%$68K$30K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.033%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.033%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.00100.000%$1.5M$92K10xas long as short
GRVT NATGAS_USDT_Perp+0.0122%4h3.0020+0.034%$15K$222K25xas long as short
KuCoin NATGASUSDTM+0.0202%4h3.00100.000%$1.0M$892K20xas long as short
Aster NATGASUSDTshort+0.0235%4h3.0022+0.039%$264K$65K50x
Variational Omni NATGAS+0.0450%4h3.0019+0.030%$318K$393Kas long as short
Binance NATGASUSDT+0.0475%4h3.0020+0.033%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0484%4h3.0020+0.032%$85K$212K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0573% / S −0.0585%1h3.0015+0.017%$88K45xas long as short
Gate NG_USDT+0.0577%8h3.0040+0.100%$1.5M$195K100xas long as short
BloFin NG-USDTlong+0.0629%8h3.0010long leg$83K$197K20x
OKX NG-USDT-SWAP+0.0651%8h3.00100.000%$868K$1.7M50xas long as short
Kraken Futures PF_NATGASUSD+0.0862%1h3.0030+0.067%$55K$36K20xas long as short
Bitget NATGASUSDT+0.0902%4h2.9990−0.067%$9.9M$3.1M100xas long as short