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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h −0.066%
Price spread now: Paradex against Aster−0.033%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Paradex is 0.033% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NATGASUSDT2.99600.0082pay 0.0041% / 4h19m 31s$265K$73K50x
ShortParadex NG-USD-PERP2.99500.0067get 0.0067% / 8h19m 31s$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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
−$3.22
Price spread: −0.033% → 0.000%
−$3.26
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$18.48
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 57 min ago; Paradex: no order-book sample. 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 Aster live order book, 57 min ago5.01 bp36.6 bp −$37210.3 bp −$2,103doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: 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 26 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
Hotstuff NATGAS-PERP−0.0008%1h2.9948−0.040%$35K20xas long as short
GRVT NATGAS_USDT_Perp0.0000%4h2.9948−0.041%$13K$238K25xas long as short
SunX NATGAS-USDT0.0000%4h2.9972+0.040%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9987+0.090%$98K$213K75xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950−0.033%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9964+0.013%$619K$416K10xas long as short
Vest NG-PERP+0.0046%1h2.9950−0.033%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947−0.043%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9940−0.067%$84K$43K10xas long as short
Extended XNG-USD+0.0064%1h2.9938−0.073%$110K$453K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERPshort+0.0067%8h2.9950−0.033%$5K5x
Aster NATGASUSDTlong+0.0082%4h2.9960long leg$265K$73K50x
Pacifica NATGAS+0.0100%1h2.9937−0.078%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950−0.033%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.200%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.134%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9950−0.033%$1.5M$97K10xas long as short
Variational Omni NATGAS+0.0115%4h2.9951−0.030%$311K$443Kas long as short
BloFin NG-USDT+0.0132%8h2.99600.000%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0139%8h2.9950−0.033%$858K$1.7M50xas long as short
Gate NG_USDT+0.0175%8h2.9970+0.033%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0205%4h2.9957−0.011%$10.1M$30.0M100xas long as short
edgeX NATGASUSDC+0.0252%4h2.9951−0.031%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0298%4h2.9930−0.100%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955−0.017%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9970+0.034%$52K$39K20xas long as short