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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.098%
Price spread now: Paradex against Binance+0.030%7-day average · you sell dearer than you buy
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 airdropParadex: Active · farm boardneeds both histories
The price spread pays, funding is against you. Paradex is 0.030% dearer against Binance than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NATGASUSDT2.99800.0181pay 0.0091% / 4h3h 50m$10.1M$29.7M100x
ShortParadex NG-USD-PERP2.99890.0059get 0.0059% / 8h7h 50m$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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
−$25.61
Price spread: +0.030% → 0.000%
$3.04
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$36.57
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago1.67 bp6.7 bp −$711.5 bp −$11538.5 bp −$3,853133.3 bp −$66.7K
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
SunX NATGAS-USDT0.0000%4h3.0001+0.070%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h2.9970−0.033%$658K$85K20xas long as short
Extended XNG-USD+0.0032%1h2.9963−0.057%$110K$453K5xas long as short
Aster NATGASUSDT+0.0036%4h2.9960−0.067%$265K$73K50xas long as short
Lighter NATGAS+0.0040%1h2.9991+0.037%$616K$412K10xas long as short
Hotstuff NATGAS-PERP+0.0040%1h2.9969−0.037%$35K20xas long as short
Vest NG-PERP+0.0046%1h2.9970−0.033%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9969−0.037%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9993+0.043%$84K$42K10xas long as short
Paradex NG-USD-PERPshort+0.0059%8h2.9989+0.030%$5K5x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NATGAS+0.0074%4h2.9980+0.001%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9974−0.020%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9960−0.067%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000+0.067%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.067%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.99800.000%$1.5M$95K10xas long as short
BloFin NG-USDT+0.0149%8h2.9970−0.033%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0152%8h2.9970−0.033%$857K$1.7M50xas long as short
edgeX NATGASUSDC+0.0179%4h2.9978−0.007%$85K$212K20xas long as short
Binance NATGASUSDTlong+0.0181%4h2.9980long leg$10.1M$29.7M100x
HTX NATGAS-USDT+0.0184%4h3.0001+0.070%$98K$211K75xas long as short
Bitget NATGASUSDT+0.0214%4h2.9960−0.067%$10.0M$3.5M100xas long as short
GRVT NATGAS_USDT_Perp+0.0296%4h2.9972−0.026%$25K$214K25xas long as short
Gate NG_USDT+0.0361%8h2.9990+0.033%$1.5M$254K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9985+0.017%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1002%1h2.9990+0.033%$52K$39K20xas long as short