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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0674%/8h= +73.8% APRpaid last 24h +0.207%
Price spread now: Bitget against Extended−0.056%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs+$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$320.318% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.981%+$98 on $10k
Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.056%, 7d avg −0.044%
Together, before fees+0.871%+ Points / potential airdropExtended: Active · farm board+$87 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD3.00170.0032pay 0.0004% / 1h46m 33s$122K$368K5x
ShortBitget NATGASUSDT3.00000.0706get 0.0353% / 4h1h 46m$9.9M$2.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$141.54
Price spread: −0.056% → −0.044%
−$1.26
Slippage, 4 orders
−$14.8
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
$108.48
Costs to cover
0.318%
Break-even
1.6 days
Slippage from Extended: live order book, 63 min ago; Bitget: live order book, 5 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, 63 min ago1.00 bp4.2 bp −$48.5 bp −$85doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago1.67 bp12.0 bp −$1221.9 bp −$21966.4 bp −$6,642doesn't fit

NATGAS on 27 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.1600%1h3.0022+0.017%$35K20xas long as short
Kraken Futures PF_NATGASUSD−0.0077%1h3.0035+0.060%$55K$45K20xas long as short
QFEX NATGAS-USD−0.0004%1h3.0020+0.010%$661K$99K20xas long as short
Aster NATGASUSDT0.0000%4h3.0000−0.055%$258K$74K50xas long as short
GRVT NATGAS_USDT_Perp0.0000%4h3.0030+0.044%$19K$208K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8386−5.433%as long as short
SunX NATGAS-USDT0.0000%4h3.0052+0.117%$2K$1.7M20xas long as short
HTX NATGAS-USDT0.0000%4h3.0047+0.100%$118K$220K75xas long as short
Lighter NATGAS+0.0032%1h3.0018+0.004%$650K$791K10xas long as short
Extended XNG-USDlong+0.0032%1h3.0017long leg$122K$368K5x
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest NG-PERP+0.0046%1h3.0030+0.044%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0018+0.004%$6.0M$4.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9960−0.190%$84K$28K10xas long as short
Paradex NG-USD-PERP+0.0051%8h3.0025+0.028%$5K5xas long as short
Variational Omni NATGAS+0.0086%4h2.9977−0.132%$355K$426Kas long as short
Pacifica NATGAS+0.0100%1h3.0013−0.013%$68K$39K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.389%$36K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.056%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030+0.044%$1.5M$93K10xas long as short
KuCoin NATGASUSDTM+0.0132%4h3.0000−0.056%$1.1M$800K20xas long as short
edgeX NATGASUSDC+0.0157%4h2.9982−0.115%$85K$211K20xas long as short
Binance NATGASUSDT+0.0162%4h3.0030+0.044%$10.0M$32.6M100xas long as short
Gate NG_USDT+0.0274%8h3.0060+0.144%$1.5M$200K100xas long as short
OKX NG-USDT-SWAP+0.0350%8h3.0010−0.023%$833K$2.0M50xas long as short
BloFin NG-USDT+0.0366%8h3.0020+0.010%$80K$202K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0493% / S −0.0486%1h3.0035+0.060%$88K45xas long as short
Bitget NATGASUSDTshort+0.0706%4h3.0000−0.056%$9.9M$2.9M100x