NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0859%/8h= −94.0% APRnext payment −$4.29 per $10,000 · paid last 24h −0.083%

Price spread now: SunX against Aster+0.073%56s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1121.120% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.073%, 7d avg +0.049%

Together, before fees−0.175%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.024% dearer against Aster than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.049%): +$2 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.174% in total) that is about 23 hours. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NATGASUSDT	2.9940	0.0859	pay 0.0429% / 4h	2h 01m	$265K	$105K	50x
Short	SunX NATGAS-USDT	2.9962	0	get 0.0000% / 4h	2h 01m	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee AsterbpFee SunXbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$180.31
Price spread: +0.073% → +0.049%: $2.4
Slippage, 4 orders: −$95.96
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$289.87
Costs to cover: 1.120%
Break-even: never at this rate

Slippage from Aster: live order book, 20 min ago; SunX: live order book, 6 min ago.

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 Aster live order book, 20 min ago	5.01 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	15.02 bp	30.3 bp −$30	doesn't fit	doesn't fit	doesn't fit

NATGAS on 26 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
SunX NATGAS-USDTshort	0.0000%	4h	2.9962	+0.073%	$2K	$2.6M	20x
QFEX NATGAS-USD	+0.0024%	1h	2.9930	−0.033%	$656K	$120K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9950	+0.033%	$618K	$412K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.8310	−5.444%	—	$378	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9945	+0.017%	$68K	$34K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.134%	$36K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.134%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9940	0.000%	$1.5M	$104K	10x	as long as short
Paradex NG-USD-PERP	+0.0223%	8h	2.9969	+0.096%	$5K	—	5x	as long as short
Gate NG_USDT	+0.0233%	8h	2.9960	+0.067%	$1.5M	$385K	100x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XNG-USD	+0.0336%	1h	2.9923	−0.056%	$113K	$1.2M	5x	as long as short
Hotstuff NATGAS-PERP	+0.0384%	1h	2.9955	+0.050%	$35K	—	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0416% / S −0.0333%	1h	2.9945	+0.017%	$93K	—	25x	as long as short
BloFin NG-USDT	+0.0442%	8h	2.9910	−0.100%	$84K	$190K	20x	as long as short
OKX NG-USDT-SWAP	+0.0451%	8h	2.9920	−0.067%	$895K	$1.8M	50x	as long as short
tradeXYZ xyz:NATGAS	+0.0463%	1h	2.9952	+0.040%	$5.9M	$6.8M	10x	as long as short
KuCoin NATGASUSDTM	+0.0494%	4h	2.9910	−0.100%	$1.0M	$1.3M	20x	as long as short
Ondo Perps NATGAS-USD.P	+0.0510%	1h	2.9929	−0.037%	$84K	$66K	10x	as long as short
HTX NATGAS-USDT	+0.0768%	4h	2.9966	+0.087%	$98K	$219K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0852%	4h	2.9940	0.000%	$13K	$255K	25x	as long as short
Variational Omni NATGAS	+0.0853%	4h	2.9944	+0.012%	$310K	$491K	—	as long as short
Aster NATGASUSDTlong	+0.0859%	4h	2.9940	long leg	$265K	$105K	50x
Binance NATGASUSDT	+0.0924%	4h	2.9945	+0.018%	$10.1M	$33.1M	100x	as long as short
edgeX NATGASUSDC	+0.0930%	4h	2.9944	+0.013%	$85K	$213K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.1128%	1h	2.9966	+0.088%	$52K	$55K	20x	as long as short
Bitget NATGASUSDT	+0.1186%	4h	2.9910	−0.100%	$9.9M	$4.4M	100x	as long as short