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+0.0420%/8h= +46.0% APRnext payment +$4.20 per $10,000 · paid last 24h +0.061%
Price spread now: BloFin against Orderly+0.133%52s7-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 5 days (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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.133% dearer against Orderly than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NATGAS_USDC_mythos3.00000.0100pay 0.0100% / 8h4h 11m$3K$54410x
ShortBloFin NG-USDT3.00400.0520get 0.0520% / 8h4h 11m$81K$192K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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
$88.27
Price spread: +0.133% → 0.000%
$13.33
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
$83.6
Costs to cover
0.180%
Break-even
0.4 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 19 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 Orderly no order-book sample
Sell BloFin live order book, 19 min ago1.66 bp10.2 bp −$1016.0 bp −$16071.3 bp −$7,129doesn't fit
Orderly: 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/USDL 0.0000% / S 0.0000%1h2.8466−5.113%as long as short
SunX NATGAS-USDT0.0000%4h3.0062+0.207%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0022%1h3.0030+0.100%$669K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0042+0.140%$619K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0028+0.092%$110K$405K5xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.167%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0030+0.100%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0054%8h3.0049+0.163%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0075%1h3.0035+0.117%$6.0M$5.8M10xas long as short
Pacifica NATGAS+0.0100%1h3.0023+0.077%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythoslong+0.0100%8h3.0000long leg$3K$54410x
Phemex NGUSDT+0.0100%4h3.0030+0.100%$1.5M$94K10xas long as short
Hotstuff NATGAS-PERP+0.0144%1h3.0045+0.150%$35K20xas long as short
HTX NATGAS-USDT+0.0166%4h3.0048+0.160%$105K$211K75xas long as short
GRVT NATGAS_USDT_Perp+0.0318%4h3.0058+0.194%$25K$227K25xas long as short
KuCoin NATGASUSDTM+0.0322%4h3.0030+0.100%$1.0M$1.0M20xas long as short
Aster NATGASUSDT+0.0376%4h3.0037+0.124%$266K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0458% / S −0.0399%1h3.0035+0.117%$92K45xas long as short
Gate NG_USDT+0.0491%8h3.0070+0.233%$1.5M$194K100xas long as short
OKX NG-USDT-SWAP+0.0512%8h3.0040+0.133%$860K$1.7M50xas long as short
BloFin NG-USDTshort+0.0520%8h3.0040+0.133%$81K$192K20x
Variational Omni NATGAS+0.0587%4h3.0050+0.166%$317K$449Kas long as short
Binance NATGASUSDT+0.0593%4h3.0030+0.100%$10.2M$28.5M100xas long as short
edgeX NATGASUSDC+0.0622%4h3.0050+0.167%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0968%4h3.00000.000%$9.9M$3.3M100xas long as short
Kraken Futures PF_NATGASUSD+0.0994%1h3.0049+0.165%$54K$33K20xas long as short