NATGAS Funding Rate — perpetuals across 5 venues

TradFi perpetual · compared across 5 venues · net of estimated fees · updated every few minutes

NATGAS is a commodity-linked perpetual referencing NATGAS. Its price tracks the commodity, not an equity.

Live annualized NATGAS perpetual funding across all 5 venues Perpia tracks. Right now NATGAS funding is positive on 5 and negative on 0, ranging from +30.9% on Bitget to +1.9% on Aster — a spread of 29.0%. The widest delta-neutral trade is long Aster / short Bitget at 24.7% net APR.

venues

paying positive

29.0%

funding spread

Best NATGAS spread now

24.7%

net APR after fees

Long Aster→Short Bitget

size depends on live venue depth — see the real cap in the scanner

NATGAS funding trend & liquidity

168h of history

29.0%

current gross APR

2.5%

24h average

13.5%

7-day average

$202K

pair OI · lower leg

$510K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

NATGAS funding rate history

30d · 6h buckets · 6 venues

268%0-21.2%

4 Aug3 Sep

NATGAS — average across 6 venuesAsterBitgetKuCoinVariational

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +26.2%. A break in a line means no data was recorded for that stretch, not a zero rate.

NATGAS funding rate by venue

8 pairs scanned

Venue	Funding APR	Interval
Bitget ↗	+30.9%	4h
Variational ↗	+13.5%	4h
KuCoin ↗	+10.9%	4h
Ondo Perps	+5.5%	1h
Aster ↗	+1.9%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Aster vs Bitget page.

NATGAS arbitrage — 30-day backtest

long Aster · short Bitget

14.9%

backtested APR

+$123

historical net P&L on $10,000

0.01%

max drawdown

$10,000$10,123

30 days agostarting capital $10,000today

Over the last 30 days, holding long Aster / short Bitget would have produced 14.9% APR — versus the 24.7% the live spread implies right now (equity $10,000 → $10,123). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading NATGAS backtest…

NATGAS funding — FAQ

Is NATGAS funding positive right now?

NATGAS perpetual funding is positive on 5 of 5 venues Perpia tracks. The highest is +30.9% on Bitget; the lowest is +1.9% on Aster.

What is the best NATGAS funding arbitrage right now?

Go long Aster and short Bitget for about 24.7% net APR after fees — the widest delta-neutral NATGAS spread Perpia currently sees.

Which exchange has the highest NATGAS funding rate?

Bitget, at +30.9% annualized. Funding shifts continuously, so check the live table above before trading.

How NATGAS funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to NATGAS

Markets also quoted on both Aster and Bitget — the same two exchanges you would already have funded for the NATGAS trade.

See every spread between them on the Aster vs Bitget page.

Open the live scanner →All funding rates Funding by exchange How we calculate this