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+0.0158%/8h= +17.3% APRnext payment +$0.79 per $10,000 · paid last 24h +0.086%
Price spread now: Aster against SunX+0.027%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1061.058% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.170%+$17 on $10k
Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.027%, 7d avg −0.049%
Together, before fees+0.091%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.076% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NATGAS-USDT3.00320get 0.0000% / 4h10m 53s$2K$2.4M20x
ShortAster NATGASUSDT3.00400.0158get 0.0079% / 4h10m 53s$264K$69K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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
$33.1
Price spread: +0.027% → −0.049%
$7.61
Slippage, 4 orders
−$89.78
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$65.07
Costs to cover
1.058%
Break-even
20.8 days
Slippage from SunX: live order book, 6 min ago; Aster: live order book, 26 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago15.15 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 26 min ago6.65 bp16.9 bp −$1717.3 bp −$173doesn't fitdoesn't fit

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%1h2.8380−5.501%as long as short
SunX NATGAS-USDTlong0.0000%4h3.0032long leg$2K$2.4M20x
HTX NATGAS-USDT0.0000%4h3.0027−0.017%$117K$216K75xas long as short
QFEX NATGAS-USD+0.0004%1h3.0010−0.073%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0017−0.050%$630K$495K10xas long as short
Extended XNG-USD+0.0032%1h3.0006−0.086%$109K$273K5xas long as short
Vest NG-PERP+0.0046%1h3.0010−0.073%$14K10xas long as short
GRVT NATGAS_USDT_Perp+0.0046%4h3.0012−0.068%$15K$222K25xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0011−0.070%$6.0M$5.3M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0058+0.087%$82K$26K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0051%8h3.0022−0.034%$5K5xas long as short
Pacifica NATGAS+0.0100%1h2.9994−0.127%$69K$32K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.107%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.107%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0010−0.073%$1.5M$90K10xas long as short
Hotstuff NATGAS-PERP+0.0120%1h3.0019−0.043%$35K20xas long as short
KuCoin NATGASUSDTM+0.0144%4h3.0000−0.107%$1.0M$868K20xas long as short
Aster NATGASUSDTshort+0.0158%4h3.0040+0.027%$264K$69K50x
Variational Omni NATGAS+0.0349%4h3.0011−0.069%$318K$390Kas long as short
Binance NATGASUSDT+0.0373%4h3.0010−0.073%$10.4M$28.6M100xas long as short
edgeX NATGASUSDC+0.0394%4h3.0016−0.054%$85K$213K20xas long as short
BloFin NG-USDT+0.0546%8h3.0020−0.040%$80K$198K20xas long as short
OKX NG-USDT-SWAP+0.0561%8h2.9990−0.140%$802K$1.8M50xas long as short
Gate NG_USDT+0.0573%8h3.0040+0.027%$1.5M$196K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0589% / S −0.0603%1h3.0015−0.057%$88K45xas long as short
Bitget NATGASUSDT+0.0830%4h2.9990−0.140%$9.9M$3.0M100xas long as short
Kraken Futures PF_NATGASUSD+0.0862%1h3.0029−0.009%$55K$35K20xas long as short