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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0557%/8h= −61.0% APRpaid last 24h −0.110%
Price spread now: Ondo Perps against edgeX−0.036%54s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.153%−$15 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Ondo Perps is 0.036% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.153% in total (about -8.0% 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
LongedgeX NATGASUSDC3.00600.0608pay 0.0304% / 4h2h 10m$85K$211K20x
ShortOndo Perps NATGAS-USD.P3.00490.0050get 0.0006% / 1h10m 27s$83K$26K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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
−$117.02
Price spread: −0.036% → 0.000%
−$3.61
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$134.63
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 36 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 36 min ago13.32 bp33.6 bp −$3442.2 bp −$422doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8471−5.286%as long as short
SunX NATGAS-USDT0.0000%4h3.0082+0.074%$2K$2.4M20xas long as short
Hotstuff NATGAS-PERP+0.0016%1h3.0073+0.044%$35K20xas long as short
Lighter NATGAS+0.0032%1h3.0075+0.050%$629K$504K10xas long as short
Extended XNG-USD+0.0032%1h3.0070+0.035%$110K$333K5xas long as short
QFEX NATGAS-USD+0.0033%1h3.0070+0.034%$660K$96K20xas long as short
Vest NG-PERP+0.0046%1h3.0070+0.034%$14K10xas long as short
Ondo Perps NATGAS-USD.Pshort+0.0050%1h3.0049−0.036%$83K$26K10x
tradeXYZ xyz:NATGAS+0.0060%1h3.0076+0.054%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0063%8h3.0085+0.083%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0072+0.041%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.199%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.199%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070+0.034%$1.5M$93K10xas long as short
HTX NATGAS-USDT+0.0144%4h3.0081+0.070%$107K$212K75xas long as short
GRVT NATGAS_USDT_Perp+0.0182%4h3.0050−0.033%$13K$212K25xas long as short
KuCoin NATGASUSDTM+0.0320%4h3.00600.000%$1.0M$947K20xas long as short
Aster NATGASUSDT+0.0344%4h3.0096+0.121%$265K$75K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0527% / S −0.0528%1h3.0075+0.050%$88K45xas long as short
Variational Omni NATGAS+0.0561%4h3.00600.000%$317K$432Kas long as short
Binance NATGASUSDT+0.0587%4h3.0075+0.051%$10.3M$28.5M100xas long as short
edgeX NATGASUSDClong+0.0608%4h3.0060long leg$85K$211K20x
Gate NG_USDT+0.0608%8h3.0100+0.134%$1.5M$196K100xas long as short
BloFin NG-USDT+0.0644%8h3.00600.000%$82K$195K20xas long as short
OKX NG-USDT-SWAP+0.0652%8h3.00600.000%$868K$1.7M50xas long as short
Bitget NATGASUSDT+0.0992%4h3.0050−0.033%$9.9M$3.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.1181%1h3.0079+0.063%$56K$35K20xas long as short