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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0996%/8h= −109.1% APRnext payment $4.98 per $10,000 · paid last 24h −0.243%
Price spread now: SunX against Bitget+0.173%7-day average +0.109% · 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 7 days−1.186%−$119 on $10k
Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.173%, 7d avg +0.109%
Together, before fees−1.254%−$125 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.064% dearer against Bitget than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.109%): +$6 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 5 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NATGASUSDT3.00000.0996pay 0.0498% / 4h3h 25m$9.9M$3.2M100x
ShortSunX NATGAS-USDT3.00520get 0.0000% / 4h3h 25m$2K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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
−$209.16
Price spread: +0.173% → +0.109%
$6.43
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$222.73
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 3 min ago; SunX: live order book, 1 min ago. 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 Bitget live order book, 3 min ago1.67 bp10.7 bp −$1121.6 bp −$21665.3 bp −$6,531doesn't fit
Sell SunX live order book, 1 min ago500.06 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

NATGAS on 27 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
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8409−5.303%as long as short
SunX NATGAS-USDTshort0.0000%4h3.0052+0.173%$2K$2.4M20x
QFEX NATGAS-USD+0.0009%1h3.0030+0.100%$669K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0017+0.057%$627K$502K10xas long as short
Vest NG-PERP+0.0046%1h3.0010+0.033%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0049+0.163%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0060%8h3.0052+0.173%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0085%1h3.0021+0.070%$6.0M$5.7M10xas long as short
Extended XNG-USD+0.0096%1h3.0008+0.028%$110K$375K5xas long as short
Pacifica NATGAS+0.0100%1h3.0007+0.023%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030+0.100%$1.5M$93K10xas long as short
Hotstuff NATGAS-PERP+0.0112%1h3.0026+0.087%$35K20xas long as short
KuCoin NATGASUSDTM+0.0346%4h3.0020+0.067%$1.0M$995K20xas long as short
Aster NATGASUSDT+0.0394%4h3.0047+0.155%$264K$74K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0482% / S −0.0426%1h3.0025+0.083%$92K45xas long as short
GRVT NATGAS_USDT_Perp+0.0492%4h3.0020+0.065%$13K$222K25xas long as short
HTX NATGAS-USDT+0.0494%4h3.0053+0.177%$106K$212K75xas long as short
Gate NG_USDT+0.0540%8h3.0060+0.200%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0555%8h3.0030+0.100%$81K$194K20xas long as short
OKX NG-USDT-SWAP+0.0578%8h3.0020+0.067%$865K$1.7M50xas long as short
Variational Omni NATGAS+0.0605%4h3.0019+0.065%$316K$439Kas long as short
edgeX NATGASUSDC+0.0615%4h3.0029+0.098%$85K$214K20xas long as short
Binance NATGASUSDT+0.0626%4h3.0030+0.100%$10.2M$28.3M100xas long as short
Kraken Futures PF_NATGASUSD+0.0855%1h3.0043+0.145%$56K$35K20xas long as short
Bitget NATGASUSDTlong+0.0996%4h3.0000long leg$9.9M$3.2M100x