Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0054%/8hnext payment +$0.27 per $10,000 · paid last 24h +0.015%

Price spread now: edgeX against Variational Omni+0.034%7-day average −0.001% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.034%, 7d avg −0.001%

Together, before fees−0.009%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.035% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NATGAS	2.9845	0.0468	pay 0.0234% / 4h	21m 31s	$310K	$493K	—
Short	edgeX NATGASUSDC	2.9855	0.0522	get 0.0261% / 4h	21m 31s	$85K	$213K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $11.34
Price spread: +0.034% → −0.001%: $3.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $5.81
Costs to cover: 0.090%
Break-even: 3.4 days

Slippage unknown: Variational Omni: RFQ quote, 12 min ago; edgeX: live order book, 9 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 Variational Omni RFQ quote, 12 min ago	4.52 bp	doesn't fit	12.3 bp −$123	doesn't fit	doesn't fit
Sell edgeX live order book, 9 min ago	13.40 bp	21.1 bp −$21	29.0 bp −$290	doesn't fit	doesn't fit

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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8249	−5.347%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9862	+0.057%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0028%	1h	2.9840	−0.016%	$655K	$102K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9840	−0.016%	$616K	$414K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.8270	−5.277%	—	$378	10x	as long as short
Paradex NG-USD-PERP	+0.0085%	8h	2.9850	+0.019%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9822	−0.077%	$80K	$22K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9800	−0.150%	$36K	$210K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9800	−0.150%	$3K	$278	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9850	+0.017%	$1.5M	$99K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NATGAS-USD.P	+0.0116%	1h	2.9852	+0.024%	$83K	$70K	10x	as long as short
HTX NATGAS-USDT	+0.0152%	4h	2.9870	+0.084%	$97K	$225K	75x	as long as short
Hotstuff NATGAS-PERP	+0.0160%	1h	2.9845	+0.001%	$35K	—	20x	as long as short
tradeXYZ xyz:NATGAS	+0.0204%	1h	2.9845	+0.001%	$5.9M	$6.7M	10x	as long as short
Extended XNG-USD	+0.0224%	1h	2.9827	−0.060%	$112K	$1.3M	5x	as long as short
GRVT NATGAS_USDT_Perp	+0.0278%	4h	2.9850	+0.017%	$21K	$279K	25x	as long as short
KuCoin NATGASUSDTM	+0.0318%	4h	2.9850	+0.017%	$1.0M	$1.2M	20x	as long as short
BloFin NG-USDT	+0.0336%	8h	2.9830	−0.050%	$85K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0350%	8h	2.9840	−0.016%	$892K	$1.8M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0411% / S −0.0333%	1h	2.9845	+0.001%	$93K	—	45x	as long as short
Gate NG_USDT	+0.0437%	8h	2.9870	+0.084%	$1.5M	$396K	100x	as long as short
Aster NATGASUSDT	+0.0448%	4h	2.9865	+0.067%	$264K	$104K	50x	as long as short
Variational Omni NATGASlong	+0.0468%	4h	2.9845	long leg	$310K	$493K	—
Binance NATGASUSDT	+0.0516%	4h	2.9845	+0.001%	$10.1M	$32.8M	100x	as long as short
edgeX NATGASUSDCshort	+0.0522%	4h	2.9855	+0.034%	$85K	$213K	20x
Kraken Futures PF_NATGASUSD	+0.0829%	1h	2.9863	+0.059%	$52K	$55K	20x	as long as short
Bitget NATGASUSDT	+0.0986%	4h	2.9830	−0.050%	$10.0M	$4.2M	100x	as long as short