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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.12 per $10,000 · paid last 24h −0.054%
Price spread now: Gate against BloFin+0.067%63s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$670.665% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.067%, 7d avg +0.057%
Together, before fees+0.059%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NG-USDT2.99600.0157pay 0.0157% / 8h13m 57s$80K$189K20x
ShortGate NG_USDT2.99800.0169get 0.0169% / 8h13m 57s$1.5M$285K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$2.56
Price spread: +0.067% → +0.057%
$0.98
Slippage, 4 orders
−$39.51
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$62.97
Costs to cover
0.665%
Break-even
179.0 days
Slippage from BloFin: live order book, 56 min ago; Gate: live order book, 3 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, 56 min ago3.34 bp9.3 bp −$915.8 bp −$15864.2 bp −$6,424doesn't fit
Sell Gate live order book, 3 min ago1.67 bp17.8 bp −$1849.1 bp −$491doesn'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
GRVT NATGAS_USDT_Perp0.0000%4h2.9948−0.039%$13K$238K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8305−5.524%as long as short
SunX NATGAS-USDT0.0000%4h2.9972+0.040%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9987+0.090%$98K$212K75xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950−0.033%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9968+0.027%$616K$419K10xas long as short
Extended XNG-USD+0.0040%1h2.9943−0.056%$110K$453K5xas long as short
Vest NG-PERP+0.0046%1h2.99600.000%$37810xas long as short
Aster NATGASUSDT+0.0050%4h2.99600.000%$265K$73K50xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947−0.043%$5.9M$6.0M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NATGAS-USD.P+0.0050%1h2.9973+0.043%$84K$43K10xas long as short
Paradex NG-USD-PERP+0.0065%8h2.9954−0.020%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0072%1h2.9951−0.030%$35K20xas long as short
Variational Omni NATGAS+0.0080%4h2.9951−0.031%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9948−0.041%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950−0.033%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.200%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.134%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9950−0.033%$1.5M$97K10xas long as short
OKX NG-USDT-SWAP+0.0124%8h2.99600.000%$856K$1.7M50xas long as short
BloFin NG-USDTlong+0.0157%8h2.9960long leg$80K$189K20x
Gate NG_USDTshort+0.0169%8h2.9980+0.067%$1.5M$285K100x
Binance NATGASUSDT+0.0175%4h2.9950−0.032%$10.1M$29.9M100xas long as short
edgeX NATGASUSDC+0.0208%4h2.9951−0.031%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0266%4h2.9930−0.100%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955−0.017%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9968+0.027%$52K$39K20xas long as short