NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0870%/8h= −95.2% APRnext payment −$4.35 per $10,000 · paid last 24h −0.128%

Price spread now: SunX against edgeX+0.045%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.374%−$37 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.045%, 7d avg +0.057%

Together, before fees−0.361%+ Points / potential airdropedgeX: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.374% in total (about -19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.35 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	edgeX NATGASUSDC	2.9917	0.0870	pay 0.0435% / 4h	1h 44m	$85K	$213K	20x
Short	SunX NATGAS-USDT	2.9931	0	get 0.0000% / 4h	1h 44m	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$182.67
Price spread: +0.045% → +0.057%: −$1.18
Slippage, 4 orders: −$85.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$286.15
Costs to cover: 1.023%
Break-even: never at this rate

Slippage from edgeX: live order book, 37 min ago; SunX: live order book, 2 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 edgeX live order book, 37 min ago	13.37 bp	30.8 bp −$31	39.0 bp −$390	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	15.03 bp	27.8 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
SunX NATGAS-USDTshort	0.0000%	4h	2.9931	+0.045%	$2K	$2.6M	20x
Lighter NATGAS	+0.0032%	1h	2.9910	−0.025%	$618K	$411K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9920	+0.009%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9903	−0.048%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9935	+0.059%	$84K	$50K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0088%	1h	2.9910	−0.025%	$35K	—	20x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9901	−0.056%	$68K	$34K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.058%	$36K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.058%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9910	−0.025%	$1.5M	$102K	10x	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	+0.0136%	1h	2.9901	−0.054%	$113K	$1.2M	5x	as long as short
QFEX NATGAS-USD	+0.0160%	1h	2.9910	−0.025%	$656K	$86K	20x	as long as short
Paradex NG-USD-PERP	+0.0175%	8h	2.9912	−0.019%	$5K	—	5x	as long as short
Gate NG_USDT	+0.0225%	8h	2.9940	+0.075%	$1.5M	$306K	100x	as long as short
BloFin NG-USDT	+0.0392%	8h	2.9880	−0.125%	$84K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0400%	8h	2.9900	−0.058%	$897K	$1.7M	50x	as long as short
KuCoin NATGASUSDTM	+0.0404%	4h	2.9900	−0.058%	$1.0M	$1.2M	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0415% / S −0.0333%	1h	2.9915	−0.008%	$93K	—	25x	as long as short
Kraken Futures PF_NATGASUSD	+0.0515%	1h	2.9934	+0.057%	$52K	$49K	20x	as long as short
HTX NATGAS-USDT	+0.0534%	4h	2.9929	+0.039%	$98K	$217K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0692%	4h	2.9915	−0.007%	$13K	$246K	25x	as long as short
Aster NATGASUSDT	+0.0769%	4h	2.9930	+0.043%	$265K	$105K	50x	as long as short
Variational Omni NATGAS	+0.0791%	4h	2.9912	−0.018%	$311K	$446K	—	as long as short
Binance NATGASUSDT	+0.0822%	4h	2.9915	−0.007%	$10.1M	$31.9M	100x	as long as short
edgeX NATGASUSDClong	+0.0870%	4h	2.9917	long leg	$85K	$213K	20x
Bitget NATGASUSDT	+0.1050%	4h	2.9880	−0.125%	$10.0M	$4.0M	100x	as long as short