NATGAS Funding Rate — perpetuals across 8 venues

TradFi perpetual · compared across 8 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 8 venues Perpia tracks. Right now NATGAS funding is positive on 3 and negative on 0, ranging from +21.5% on Bitget to +0.0% on GMTrade — a spread of 21.5%. The widest delta-neutral trade is long Aster / short Bitget at 18.4% net APR.

8venues

3paying positive

21.5%funding spread

Best NATGAS spread now

18.4%

net APR after fees

LongAster↗→ShortBitget↗

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

NATGAS funding trend & liquidity

168h of history

21.5%current gross APR

23.1%24h average

16.0%7-day average

$434Kpair OI · lower leg

$412K24h 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 · Aster → Bitget — no history

Loading NATGAS rate history…

Build a route

any two of the 8 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+21.5%+$5.88 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 8 venues

Venue	Funding APR ↓	Interval
Bitget↗short	+21.5%	every 4h
Ondo Perps	+5.5%	every 1h
Lighter↗	+3.5%	every 8h
Aster↗long	+0.0%	every 4h
KuCoin↗	+0.0%	every 4h
Variational↗	+0.0%	every 4h
HTX↗	+0.0%	every 4h
GMTrade↗	+0.0%	every 1h

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. 15 pairs scanned for NATGAS.

NATGAS arbitrage — 30-day backtest

long Aster · short Bitget

39.3%backtested APR

+$323historical net P&L on $10,000

0.32%max drawdown

$10,000$10,323

30 days agostarting capital $10,000today

Over the last 30 days, holding long Aster / short Bitget would have produced 39.3% APR — versus the 18.4% the live spread implies right now (equity $10,000 → $10,323). 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 →

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NATGAS — FAQ

Is NATGAS funding positive right now?

NATGAS perpetual funding is positive on 3 of 8 venues Perpia tracks. The highest is +21.5% on Bitget; the lowest is +0.0% on GMTrade.

What is the best NATGAS funding arbitrage right now?

Go long Aster and short Bitget for about 18.4% net APR after fees — the widest delta-neutral NATGAS spread Perpia currently sees.

Which exchange has the highest NATGAS funding rate?

Bitget, at +21.5% 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

also quoted on both Aster and Bitget

The same two exchanges you would already have funded for the NATGAS trade. Every spread between them is on the Aster vs Bitget page.

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