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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0014%/8h= −1.5% APRnext payment $0.02 per $10,000 · paid last 24h +0.007%
Price spread now: Extended against Vest−0.040%7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.040% cheaper against Vest than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest NG-PERP3.00100.0046pay 0.0006% / 1h39m 13s$14K10x
ShortExtended XNG-USD2.99980.0032get 0.0004% / 1h39m 13s$110K$395K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Vest. 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
−$2.87
Price spread: −0.040% → 0.000%
−$3.96
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$13.84
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Extended: live order book, 13 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 Vest no order-book sample
Sell Extended live order book, 13 min ago0.33 bp3.5 bp −$38.6 bp −$86doesn't fitdoesn't fit
Vest: 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%1h2.8396−5.378%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.073%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0009%1h3.00100.000%$668K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0004−0.020%$626K$501K10xas long as short
Extended XNG-USDshort+0.0032%1h2.9998−0.040%$110K$395K5x
Vest NG-PERPlong+0.0046%1h3.0010long leg$14K10x
Ondo Perps NATGAS-USD.P+0.0050%1h2.9999−0.037%$82K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0054%1h3.0005−0.017%$6.0M$5.7M10xas long as short
Paradex NG-USD-PERP+0.0074%8h3.0023+0.045%$5K5xas long as short
Pacifica NATGAS+0.0100%1h2.9985−0.084%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.033%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.033%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.00100.000%$1.5M$93K10xas long as short
Hotstuff NATGAS-PERP+0.0136%1h3.0011+0.003%$35K20xas long as short
KuCoin NATGASUSDTM+0.0326%4h3.0000−0.033%$1.0M$1.0M20xas long as short
Aster NATGASUSDT+0.0374%4h3.0037+0.092%$263K$74K50xas long as short
HTX NATGAS-USDT+0.0386%4h3.0055+0.150%$107K$213K75xas long as short
GRVT NATGAS_USDT_Perp+0.0468%4h3.0020+0.033%$12K$230K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0472% / S −0.0414%1h3.0015+0.017%$92K45xas long as short
Gate NG_USDT+0.0531%8h3.0050+0.133%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0538%8h3.0020+0.033%$81K$193K20xas long as short
OKX NG-USDT-SWAP+0.0558%8h3.0020+0.033%$863K$1.7M50xas long as short
Variational Omni NATGAS+0.0576%4h3.0020+0.032%$316K$449Kas long as short
Binance NATGASUSDT+0.0597%4h3.0012+0.006%$10.2M$28.4M100xas long as short
edgeX NATGASUSDC+0.0600%4h3.0010−0.001%$85K$212K20xas long as short
Kraken Futures PF_NATGASUSD+0.0856%1h3.0032+0.073%$55K$35K20xas long as short
Bitget NATGASUSDT+0.0978%4h2.9990−0.067%$9.9M$3.2M100xas long as short