Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0160%/8h= +17.6% APRpaid last 24h +0.055%

Price spread now: Aster against Ondo Perps−0.061%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.061% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NATGAS-USD.P	2.9973	0.0050	pay 0.0006% / 1h	55m 09s	$84K	$28K	10x
Short	Aster NATGASUSDT	2.9955	0.0211	get 0.0105% / 4h	2h 55m	$264K	$68K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now −0.061%Rate

Funding earned: $33.69
Price spread: −0.061% → 0.000%: −$6.06
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $14.63
Costs to cover: 0.130%
Break-even: 4.0 days

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 37 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 37 min ago	4.99 bp	15.2 bp −$15	19.4 bp −$194	doesn't fit	doesn't fit

Ondo Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	−0.0008%	1h	2.9967	−0.020%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8324	−5.502%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9991	+0.060%	$2K	$2.1M	20x	as long as short
HTX NATGAS-USDT	+0.0019%	4h	2.9976	+0.010%	$118K	$222K	75x	as long as short
QFEX NATGAS-USD	+0.0024%	1h	2.9970	−0.010%	$660K	$98K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9984	+0.037%	$632K	$484K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9976	+0.009%	$112K	$259K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9980	+0.023%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9973	0.000%	$6.0M	$5.6M	10x	as long as short
Ondo Perps NATGAS-USD.Plong	+0.0050%	1h	2.9973	long leg	$84K	$28K	10x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NG-USD-PERP	+0.0075%	8h	2.9981	+0.026%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9964	−0.030%	$70K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.244%	$36K	$214K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.090%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9970	−0.010%	$1.5M	$92K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0194%	4h	2.9940	−0.110%	$20K	$205K	25x	as long as short
Aster NATGASUSDTshort	+0.0211%	4h	2.9955	−0.061%	$264K	$68K	50x
KuCoin NATGASUSDTM	+0.0230%	4h	2.9970	−0.010%	$1.1M	$849K	20x	as long as short
Gate NG_USDT	+0.0246%	8h	3.0010	+0.123%	$1.5M	$198K	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0298%	1h	2.9971	−0.007%	$53K	$45K	20x	as long as short
Variational Omni NATGAS	+0.0382%	4h	2.9959	−0.046%	$355K	$429K	—	as long as short
Binance NATGASUSDT	+0.0401%	4h	2.9980	+0.023%	$9.8M	$31.5M	100x	as long as short
edgeX NATGASUSDC	+0.0412%	4h	2.9956	−0.056%	$85K	$211K	20x	as long as short
BloFin NG-USDT	+0.0467%	8h	2.9970	−0.010%	$77K	$198K	20x	as long as short
OKX NG-USDT-SWAP	+0.0487%	8h	2.9960	−0.043%	$811K	$1.9M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0587% / S −0.0602%	1h	2.9975	+0.007%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0854%	4h	2.9960	−0.043%	$9.9M	$3.0M	100x	as long as short