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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0653%/8h= −71.5% APRpaid last 24h −0.091%
Price spread now: gTrade (Gains Network) against OKX−5.389%7-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 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and gTrade (Gains Network) is 5.389% cheaper against OKX than usual: you would sell low and buy high (−$539 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NG-USDT-SWAP3.00800.0653pay 0.0653% / 8h1h 23m$877K$1.8M50x
ShortgTrade (Gains Network) NATGAS/USD2.8459L 0.0000% / S 0.0000%pay 0.0000% / 1h23m 09s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$137.19
Price spread: −5.389% → 0.000%
−$538.9
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$696.08
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 4 min ago; gTrade (Gains Network): 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 OKX live order book, 4 min ago1.66 bp10.9 bp −$1123.7 bp −$237doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
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/USDshortL 0.0000% / S 0.0000%1h2.8459−5.389%
SunX NATGAS-USDT0.0000%4h3.0092+0.040%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0070−0.033%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0079−0.003%$630K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0066−0.045%$111K$283K5xas long as short
Vest NG-PERP+0.0046%1h3.0070−0.033%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0068−0.040%$6.0M$5.4M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0056−0.080%$83K$26K10xas long as short
HTX NATGAS-USDT+0.0054%4h3.0089+0.030%$107K$201K75xas long as short
Paradex NG-USD-PERP+0.0055%8h3.0088+0.027%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0053−0.090%$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%4h3.00800.000%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0152%4h3.0064−0.053%$22K$210K25xas long as short
Hotstuff NATGAS-PERP+0.0184%1h3.0072−0.027%$35K20xas long as short
KuCoin NATGASUSDTM+0.0256%4h3.0050−0.100%$1.0M$915K20xas long as short
Aster NATGASUSDT+0.0281%4h3.0092+0.040%$265K$70K50xas long as short
Variational Omni NATGAS+0.0508%4h3.0070−0.034%$319K$393Kas long as short
Binance NATGASUSDT+0.0523%4h3.0076−0.014%$10.3M$28.6M100xas long as short
edgeX NATGASUSDC+0.0547%4h3.0070−0.034%$85K$211K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0554% / S −0.0561%1h3.0075−0.017%$88K45xas long as short
Gate NG_USDT+0.0624%8h3.0090+0.033%$1.5M$196K100xas long as short
OKX NG-USDT-SWAPlong+0.0653%8h3.0080long leg$877K$1.8M50x
BloFin NG-USDT+0.0679%8h3.0070−0.033%$83K$198K20xas long as short
Bitget NATGASUSDT+0.0954%4h3.0050−0.100%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0986%1h3.0086+0.021%$56K$35K20xas long as short