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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0362%/8h= −39.7% APRpaid last 24h −0.005%
Price spread now: Aster against OKX+0.047%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$780.780% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.269%−$27 on $10k
Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.047%, 7d avg +0.051%
Together, before fees−0.281%+ Points / potential airdropAster: Stage 5 · farm board−$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NG-USDT-SWAP3.00800.0652pay 0.0652% / 8h1h 38m$876K$1.8M50x
ShortAster NATGASUSDT3.00940.0290get 0.0145% / 4h1h 38m$265K$70K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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
−$76.1
Price spread: +0.047% → +0.051%
−$0.39
Slippage, 4 orders
−$60.01
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$154.49
Costs to cover
0.780%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Aster: 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 OKX live order book, 3 min ago3.33 bp9.6 bp −$1016.7 bp −$167doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago8.31 bp15.4 bp −$1517.2 bp −$172doesn'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%4h3.0092+0.040%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0060−0.066%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0069−0.037%$629K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0059−0.071%$111K$281K5xas long as short
HTX NATGAS-USDT+0.0039%4h3.0081+0.003%$107K$205K75xas long as short
Vest NG-PERP+0.0046%1h3.0070−0.033%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0089+0.030%$83K$26K10xas long as short
Hotstuff NATGAS-PERP+0.0056%1h3.0068−0.040%$35K20xas long as short
Paradex NG-USD-PERP+0.0057%8h3.0083+0.009%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0068%1h3.0067−0.043%$6.0M$5.5M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0050−0.100%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.066%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0100+0.066%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070−0.033%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0134%4h3.0063−0.057%$22K$210K25xas long as short
KuCoin NATGASUSDTM+0.0278%4h3.0050−0.100%$1.0M$927K20xas long as short
Aster NATGASUSDTshort+0.0290%4h3.0094+0.047%$265K$70K50x
Variational Omni NATGAS+0.0512%4h3.0070−0.034%$317K$432Kas long as short
Binance NATGASUSDT+0.0533%4h3.0075−0.017%$10.3M$28.6M100xas long as short
edgeX NATGASUSDC+0.0535%4h3.0067−0.042%$85K$212K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0547% / S −0.0552%1h3.0075−0.017%$88K45xas long as short
BloFin NG-USDT+0.0632%8h3.00800.000%$82K$195K20xas long as short
Gate NG_USDT+0.0634%8h3.0100+0.066%$1.5M$196K100xas long as short
OKX NG-USDT-SWAPlong+0.0652%8h3.0080long leg$876K$1.8M50x
Bitget NATGASUSDT+0.0958%4h3.0050−0.100%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0986%1h3.0088+0.027%$56K$35K20xas long as short