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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.065%
Price spread now: Aster against Extended+0.091%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$660.659% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.091%, 7d avg +0.023%
Together, before fees−0.117%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.068% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% 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
LongExtended XNG-USD3.00330.0192pay 0.0024% / 1h16m 11s$110K$365K5x
ShortAster NATGASUSDT3.00600.0414get 0.0207% / 4h3h 16m$264K$74K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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
$46.68
Price spread: +0.091% → +0.023%
$6.81
Slippage, 4 orders
−$52.95
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$12.46
Costs to cover
0.659%
Break-even
8.9 days
Slippage from Extended: live order book, 36 min ago; Aster: live order book, 36 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 Extended live order book, 36 min ago0.33 bp3.8 bp −$48.6 bp −$86doesn't fitdoesn't fit
Sell Aster live order book, 36 min ago6.65 bp16.9 bp −$1718.8 bp −$188doesn't fitdoesn't fit

NATGAS on 26 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
SunX NATGAS-USDT0.0000%4h3.0082+0.164%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0050+0.057%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0045+0.041%$629K$503K10xas long as short
Hotstuff NATGAS-PERP+0.0032%1h3.0046+0.044%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0040+0.024%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.047%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0085%8h3.0082+0.166%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0091%1h3.0048+0.051%$6.0M$5.7M10xas long as short
Pacifica NATGAS+0.0100%1h3.0042+0.031%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.109%$37K$218K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.109%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070+0.124%$1.5M$92K10xas long as short
Extended XNG-USDlong+0.0192%1h3.0033long leg$110K$365K5x
KuCoin NATGASUSDTM+0.0366%4h3.0020−0.042%$1.0M$989K20xas long as short
Aster NATGASUSDTshort+0.0414%4h3.0060+0.091%$264K$74K50x
GRVT NATGAS_USDT_Perp+0.0460%4h3.0020−0.042%$13K$223K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0486% / S −0.0429%1h3.0065+0.107%$92K45xas long as short
HTX NATGAS-USDT+0.0541%4h3.0079+0.154%$106K$211K75xas long as short
Gate NG_USDT+0.0553%8h3.0100+0.224%$1.5M$193K100xas long as short
OKX NG-USDT-SWAP+0.0593%8h3.0070+0.124%$867K$1.7M50xas long as short
Variational Omni NATGAS+0.0612%4h3.0030−0.010%$317K$439Kas long as short
BloFin NG-USDT+0.0612%8h3.0020−0.042%$82K$194K20xas long as short
edgeX NATGASUSDC+0.0639%4h3.0030−0.010%$85K$213K20xas long as short
Binance NATGASUSDT+0.0645%4h3.0067+0.115%$10.3M$28.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.0855%1h3.0067+0.113%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1018%4h3.0010−0.076%$9.9M$3.2M100xas long as short