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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0481%/8hpaid last 24h +0.069%
Price spread now: edgeX against Orderly−0.083%49s7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Funding pays, the price is against you. edgeX is 0.083% cheaper against Orderly than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 14 hours of funding at the current rate (+$14 a day). The two prices were read 49 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_mythos2.99000.0100pay 0.0100% / 8h4h 01m$3K$27810x
ShortedgeX NATGASUSDC2.98750.0581get 0.0290% / 4h1m 25s$85K$213K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$100.96
Price spread: −0.083% → 0.000%
−$8.29
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$77.67
Costs to cover
0.150%
Break-even
1.6 days
Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 29 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 edgeX live order book, 29 min ago13.40 bp21.1 bp −$2129.0 bp −$290doesn't fitdoesn'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%1h2.8301−5.348%as long as short
SunX NATGAS-USDT0.0000%4h2.9912+0.040%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0028%1h2.9880−0.067%$656K$120K20xas long as short
Lighter NATGAS+0.0032%1h2.9889−0.037%$617K$414K10xas long as short
Vest NG-PERP+0.0046%1h2.8320−5.284%$37810xas long as short
Paradex NG-USD-PERP+0.0073%8h2.9889−0.038%$5K5xas long as short
Ondo Perps NATGAS-USD.P+0.0079%1h2.9864−0.120%$84K$70K10xas long as short
Pacifica NATGAS+0.0100%1h2.9860−0.134%$80K$22K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9800−0.334%$36K$211K50xas long as short
Orderly PERP_NATGAS_USDC_mythoslong+0.0100%8h2.9900long leg$3K$27810x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex NGUSDT+0.0100%4h2.9890−0.033%$1.5M$100K10xas long as short
Extended XNG-USD+0.0120%1h2.9867−0.109%$112K$1.3M5xas long as short
Hotstuff NATGAS-PERP+0.0136%1h2.9887−0.043%$35K20xas long as short
HTX NATGAS-USDT+0.0183%4h2.9907+0.023%$97K$224K75xas long as short
tradeXYZ xyz:NATGAS+0.0194%1h2.9887−0.043%$5.9M$6.7M10xas long as short
GRVT NATGAS_USDT_Perp+0.0308%4h2.9874−0.086%$21K$279K25xas long as short
BloFin NG-USDT+0.0353%8h2.9860−0.134%$84K$190K20xas long as short
OKX NG-USDT-SWAP+0.0388%8h2.9880−0.067%$895K$1.8M50xas long as short
KuCoin NATGASUSDTM+0.0394%4h2.9870−0.100%$1.0M$1.2M20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0411% / S −0.0333%1h2.9885−0.050%$93K45xas long as short
Gate NG_USDT+0.0419%8h2.99000.000%$1.5M$396K100xas long as short
Aster NATGASUSDT+0.0509%4h2.9907+0.022%$265K$104K50xas long as short
Variational Omni NATGAS+0.0533%4h2.9865−0.118%$311K$493Kas long as short
Binance NATGASUSDT+0.0576%4h2.9889−0.036%$10.1M$32.9M100xas long as short
edgeX NATGASUSDCshort+0.0581%4h2.9875−0.083%$85K$213K20x
Kraken Futures PF_NATGASUSD+0.0828%1h2.9909+0.031%$52K$55K20xas long as short
Bitget NATGASUSDT+0.1048%4h2.9850−0.167%$10.0M$4.3M100xas long as short