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+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against gTrade (Gains Network)+5.626%7-day average · you sell dearer than you buy
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 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 5.626% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$563 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NATGAS/USD2.8404L 0.0000% / S 0.0000%get 0.0000% / 1h37m 11s
ShortLighter NATGAS3.00020.0032get 0.0004% / 1h37m 11s$626K$501K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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
$6.72
Price spread: +5.626% → 0.000%
$562.6
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$559.32
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 8 min ago. 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 gTrade (Gains Network) no order-book sample
Sell Lighter live order book, 8 min ago0.67 bp5.0 bp −$516.0 bp −$16071.6 bp −$7,165doesn't fit
gTrade (Gains Network): 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/USDlongL 0.0000% / S 0.0000%1h2.8404long leg
SunX NATGAS-USDT0.0000%4h3.0042+5.767%$2K$2.4M20xas long as short
Hotstuff NATGAS-PERP+0.0008%1h3.0009+5.651%$35K20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0020+5.689%$669K$91K20xas long as short
Lighter NATGASshort+0.0032%1h3.0002+5.626%$626K$501K10x
Extended XNG-USD+0.0032%1h3.0001+5.623%$110K$391K5xas long as short
Vest NG-PERP+0.0046%1h3.0010+5.654%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9999+5.615%$82K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0063%1h3.0015+5.672%$6.0M$5.7M10xas long as short
Paradex NG-USD-PERP+0.0073%8h3.0024+5.702%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9991+5.587%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000+5.619%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+5.619%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+5.689%$1.5M$93K10xas long as short
KuCoin NATGASUSDTM+0.0328%4h3.0010+5.654%$1.0M$1.0M20xas long as short
Aster NATGASUSDT+0.0376%4h3.0040+5.760%$263K$74K50xas long as short
HTX NATGAS-USDT+0.0397%4h3.0055+5.813%$107K$213K75xas long as short
GRVT NATGAS_USDT_Perp+0.0444%4h3.0019+5.687%$12K$230K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0473% / S −0.0415%1h3.0025+5.707%$92K45xas long as short
Gate NG_USDT+0.0531%8h3.0050+5.795%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0547%8h3.0040+5.760%$81K$194K20xas long as short
OKX NG-USDT-SWAP+0.0560%8h3.0010+5.654%$861K$1.7M50xas long as short
Variational Omni NATGAS+0.0576%4h3.0020+5.688%$316K$449Kas long as short
edgeX NATGASUSDC+0.0598%4h3.0012+5.662%$85K$212K20xas long as short
Binance NATGASUSDT+0.0598%4h3.0026+5.710%$10.2M$28.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.0856%1h3.0038+5.754%$56K$35K20xas long as short
Bitget NATGASUSDT+0.0978%4h2.9990+5.584%$9.9M$3.2M100xas long as short