Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.084%

Price spread now: Vest against OKX+0.067%48s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.067% dearer against OKX than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 18 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NG-USDT-SWAP	3.0000	0.0343	pay 0.0343% / 8h	5h 41m	$832K	$2.0M	50x
Short	Vest NG-PERP	3.0020	0.0046	get 0.0006% / 1h	41m 48s	—	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee OKXbpFee VestbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$62.36
Price spread: +0.067% → 0.000%: $6.67
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$67.69
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	1.67 bp	11.2 bp −$11	22.4 bp −$224	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	−0.1600%	1h	3.0010	+0.033%	$35K	—	20x	as long as short
Kraken Futures PF_NATGASUSD	−0.0077%	1h	3.0013	+0.043%	$54K	$46K	20x	as long as short
QFEX NATGAS-USD	−0.0004%	1h	3.0010	+0.033%	$661K	$99K	20x	as long as short
GRVT NATGAS_USDT_Perp	0.0000%	4h	3.0034	+0.112%	$19K	$200K	25x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8354	−5.487%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0032	+0.107%	$2K	$1.7M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	3.0016	+0.053%	$118K	$220K	75x	as long as short
Aster NATGASUSDT	+0.0004%	4h	3.0000	0.000%	$258K	$74K	50x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0014	+0.047%	$649K	$793K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0009	+0.029%	$122K	$368K	5x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NG-PERPshort	+0.0046%	1h	3.0020	+0.067%	—	$14K	10x
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0006	+0.020%	$6.0M	$4.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0013	+0.043%	$84K	$28K	10x	as long as short
Paradex NG-USD-PERP	+0.0051%	8h	3.0020	+0.067%	$5K	—	5x	as long as short
Variational Omni NATGAS	+0.0088%	4h	3.0027	+0.091%	$356K	$426K	—	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9992	−0.028%	$68K	$39K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	0.000%	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	0.000%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.067%	$1.5M	$93K	10x	as long as short
KuCoin NATGASUSDTM	+0.0130%	4h	3.0000	0.000%	$1.1M	$797K	20x	as long as short
edgeX NATGASUSDC	+0.0166%	4h	3.0024	+0.079%	$85K	$212K	20x	as long as short
Binance NATGASUSDT	+0.0172%	4h	3.0010	+0.033%	$10.0M	$32.7M	100x	as long as short
Gate NG_USDT	+0.0267%	8h	3.0040	+0.133%	$1.5M	$200K	100x	as long as short
OKX NG-USDT-SWAPlong	+0.0343%	8h	3.0000	long leg	$832K	$2.0M	50x
BloFin NG-USDT	+0.0371%	8h	3.0000	0.000%	$80K	$201K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0493% / S −0.0486%	1h	3.0015	+0.050%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0710%	4h	2.9990	−0.033%	$9.9M	$2.9M	100x	as long as short