NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0202%/8h= −22.1% APRnext payment −$1.01 per $10,000 · paid last 24h −0.126%

Price spread now: SunX against Binance+0.073%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$610.605% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.352%−$35 on $10k

Price spread, last 2 days (all we have)−0.013%−$1 · spread now +0.073%, 7d avg +0.052%

Together, before fees−0.365%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.022% dearer against Binance than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.052%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NATGASUSDT	2.9950	0.0202	pay 0.0101% / 4h	17m 49s	$10.1M	$30.0M	100x
Short	SunX NATGAS-USDT	2.9972	0	get 0.0000% / 4h	17m 49s	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

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

Funding earned: −$42.34
Price spread: +0.073% → +0.052%: $2.16
Slippage, 4 orders: −$42.5
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$100.68
Costs to cover: 0.605%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; SunX: live order book, 9 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 Binance live order book, 9 min ago	1.67 bp	6.7 bp −$7	12.2 bp −$122	37.6 bp −$3,760	133.4 bp −$66.7K
Sell SunX live order book, 9 min ago	15.01 bp	27.7 bp −$28	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
Hotstuff NATGAS-PERP	−0.0024%	1h	2.9947	−0.010%	$35K	—	20x	as long as short
GRVT NATGAS_USDT_Perp	0.0000%	4h	2.9948	−0.007%	$13K	$238K	25x	as long as short
SunX NATGAS-USDTshort	0.0000%	4h	2.9972	+0.073%	$2K	$2.6M	20x
HTX NATGAS-USDT	0.0000%	4h	2.9987	+0.124%	$98K	$212K	75x	as long as short
QFEX NATGAS-USD	+0.0030%	1h	2.9950	0.000%	$657K	$86K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9965	+0.050%	$616K	$419K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9950	0.000%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9947	−0.010%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9940	−0.033%	$84K	$43K	10x	as long as short
Extended XNG-USD	+0.0064%	1h	2.9938	−0.041%	$110K	$453K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NG-USD-PERP	+0.0067%	8h	2.9950	0.000%	$5K	—	5x	as long as short
Aster NATGASUSDT	+0.0074%	4h	2.9960	+0.033%	$265K	$73K	50x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9948	−0.007%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	2.9950	0.000%	$1.0M	$1.2M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.167%	$36K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.167%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9960	+0.033%	$1.5M	$97K	10x	as long as short
BloFin NG-USDT	+0.0113%	8h	2.9940	−0.033%	$80K	$189K	20x	as long as short
Variational Omni NATGAS	+0.0115%	4h	2.9951	+0.003%	$311K	$443K	—	as long as short
OKX NG-USDT-SWAP	+0.0136%	8h	2.9960	+0.033%	$856K	$1.7M	50x	as long as short
Gate NG_USDT	+0.0174%	8h	2.9980	+0.100%	$1.5M	$285K	100x	as long as short
Binance NATGASUSDTlong	+0.0202%	4h	2.9950	long leg	$10.1M	$30.0M	100x
edgeX NATGASUSDC	+0.0252%	4h	2.9951	+0.002%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0292%	4h	2.9930	−0.067%	$10.0M	$3.7M	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9955	+0.017%	$93K	—	45x	as long as short
Kraken Futures PF_NATGASUSD	+0.1217%	1h	2.9970	+0.067%	$52K	$39K	20x	as long as short